Summary - Preston Street BN1 2HE
2 bed 2 bath Terraced
Income-producing property near the seafront with rising commercial rent.
- Ground-floor commercial unit with prominent shopfront, high footfall
A freehold mixed-use building in the heart of central Brighton, this property pairs a prominent ground-floor commercial unit with a self-contained two-bedroom maisonette above. The commercial tenancy produces rental income currently at £14,000 per year, with a contracted increase to £16,400 p.a., giving immediate income and a rising yield for an investor. The flat spans the first and second floors, is well-presented and ready for continued letting or owner occupation.
The location on Preston Street places the property within a busy retail and leisure strip, a short walk from the seafront, Western Road shopping and public transport links. The building’s Victorian street frontage adds period character while the commercial unit benefits from high footfall and clear visibility, supporting rental stability.
Buyers should note material considerations: the sale is by traditional auction with immediate exchange and completion 28 days later. A non-refundable 10% deposit is payable on exchange; a non-refundable reservation fee of 4.5% (minimum £6,600 including VAT) is also payable, and the buyer must purchase the Buyer Information Pack for £349 (inc VAT). The wider area shows very high crime levels and local deprivation, which may affect lettings and long-term capital uplift. The plot is very small and there is no onward chain.
This is a straightforward income-producing freehold in a prime Brighton location for buyers comfortable with auction purchase mechanics and the local market dynamics.
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