Derwent Court, Dyke Road, Brighton, East Sussex
Investment
For Sale £100,000 - £125,000 Guide Price
  • Potential re-development opp (STPC)
  • Ground rent income
  • City centre parking
Property Description
Freehold block of 18 flats with each being sold off on long leases for a period of 999 years from 14 June 1968 producing a current ground rent income of £316.50 per annum.
Also included within the sale are 5 vacant garages as below:

Triple width garage below Derwent Court (freehold) with lapsed planning permission to convert into 1 x 1 bedroom flat
Double width garage below Derwent Court (freehold) with lapsed planning permission to convert into a 1 x studio flat
Single garage to the rear of Derwent Court (freehold)
Single garage (front) below Derwent Lodge (leasehold)
Single garage (rear) below Derwent Lodge (leasehold)

Via a driveway approached from Buckingham Road, there is a courtyard area providing access to all 5 garages whilst to the west side of the entrance there is additional parking for 1-2 vehicles
Agent Details
Richard Lowrey
01273-037194