Summary - 1, SURREY STREET BN1 3PA
2 bed 1 bath Apartment
**Key Features:**
- Freehold investment opportunity near Brighton city center
- Ground floor retail space: currently a grocery/deli with lease until March 2025, generating £16,500pa
- First-floor 2-bedroom flat, rented at £1,900pcm (£22,800pa)
- Current total rental income: £35,700pa with potential for improvement
- Approved planning permission for an additional story and another residential unit
- Prime location close to Brighton Station and popular amenities
- Mixed-use Victorian building in vibrant urban setting
This exceptional freehold investment property on Surrey Street presents a unique dual opportunity for savvy investors. The ground floor houses a well-established grocery/deli under a secure lease, while the spacious first-floor two-bedroom apartment generates robust rental income, making this site a fantastic choice for both residential and commercial ventures. Ideal for holiday lets or long-term rentals due to its closeness to Brighton Station and a plethora of local amenities, this property also boasts development potential with approved planning for an additional story, enhancing future growth prospects.
While the property is structurally sound, potential buyers should note the single year left on the flat’s lease, which could pose challenges for mortgage financing. The high crime rate in the immediate area may also be a consideration for families. Overall, this is a rare investment opportunity that combines immediate income with substantial enhancement possibilities—don’t miss out on securing a prime piece of Brighton real estate!
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