Crescent Drive North, Woodingdean, Brighton

about this property

A Freehold residential investment consisting of 9 flats and 7 bungalows. The 9 flats are let on Assured Shorthold Tenancies, consisting of 8 x 1 bedroom flats and a larger 3 bedroom flat with a garage, the flats are accessed via a private driveway at 126 Crescent Drive North.

To the South of the flats are 7 bungalows also let on Assured Shorthold Tenancies, which consist of 6 x 1 bedroom bungalow's and a larger 2 bedroom bungalow, all are accessed via 134 Crescent Drive North. The site also benefits from 2 car parks, communal gardens, 2 guest rooms and a Chapel.

There is possible development opportunities to add further units or re-develop the site, subject to necessary consents.

Situation
Local amenities within Woodingdean are just under a mile away on Warren Road, with a variety of independent shops, along with larger commercial users such as Tesco Express. Brighton mainline railway station is located 4 miles to the West. Brighton's famous seafront and promenade is just under 4 miles away, with the historic village of Rottingdean just over 2 miles away.

Existing Rents
Current rent approximately £108,744 per annum, but estimate rental value (if fully let) £134,544 per annum.

All tenants have been served section 21 notice on the 22nd August 2023, which expires on the 24th October 2023.

Total GIA
845.59 sq.m. (9,101.85 sq.ft)

Tenure
Freehold

Notes
For further information regarding EPC's/Rents/Council Tax, please contact the office