HW estate agents are delighted to offer this development site in a prime position in Kemptown on the corner of St George Road and Burlington RoadCurrently a double fronted commercial unit, used as a butchers shop on the ground floor fronting St Georges Road. Above is a five bedroom HMO and separate one bedroom apartment. To the rear of the property is a cottage which currently forms part of the commercial unit. The property is currently producing an income of approx ?60K per annum.Planning has been granted for the conversion of the existing shop into two commercial units with basement storage. The one bedroom flat and five bedroom HMO will be converted into 2 two bedroom flats above. The cottage to the rear has planning to form a three bedroom family home with roof terrace fronting Burlington Street.Planning ref; BH2023/03323.This sought after area is only moments away from the vibrant Kemp town village, Brighton Hospital, leafy Queens Park and with the seafront a short stroll away. Brighton City centre and Marina with it's good transport links and array of bars and restaurants is also within walking distance.
The Est. Mortgage is for a 25 years repayment mortgage based on a 10% deposit and a 5.5% annual interest. It is only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.
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