Preston Road, Brighton

Brighton
For sale by auction

Guide price

£450,000
LOT SOLD

About this property

Property Summary

FOR SALE BY AUCTION on 24th September 2025

Auction Guide £450,000
Mixed Freehold Investment

Outstanding opportunity to purchase this mixed Freehold investment comprising of a ground floor commercial premises trading as Glitz and Glamour, currently holding over from an initial 2 year agreement as dated 29th September 2009 at a passing rent of £6,240 per annum. The rent is considered SIGNIFICANTLY UNDERLET and has not been increased since the inception of the tenancy. It is our opinion the passing rent should be £10,000 per annum.

WE ARE ADVISED THE TENANT OF THE COMMERCIAL UNIT ON THE GROUND FLOOR HAS PROVIDED THE REQUISITE 6 MONTH NOTICE PERIOD TO VACATE THE PREMESIS THAT THEREFORE IS DUE TO EXPIRE DURING JANUARY 2026 HOWEVER THE TENANT WILL, WE UNDERSTAND, VACATE SOONER IF REQUIRED TO DO SO BY WHOMEVERR PURCHASES.

We are advised the upper maisonette has an existing licence for a 5 bedroom HMO.

We believe that ultimately there will be the potential for the building to produce a significant annual rental income

ALL MEASUREMENTS ARE APPROXIMATE, FOR ILLUSTRATION PURPOSES ONLY AND ARE NOT TO BE RELIED UPON.

Please note fees are payable in respect of the sale of this property, please refer to legal pack for details

Property Features

Property Features

  • For Sale By Auction on 24th September 2025
  • Mixed Freehold Investment
  • Vacant 6 Bedroom Maisonette With Garden
  • Ground Floor Commercial Premises To Be Vacant In January 2026 or Sooner If Required
  • Fitted Kitchen
  • Bathroom With Separate WC and Additional Shower Room
  • Exceptional Opportunity For High Yielding Investment
  • Popular Location Close to Just About Everything Required
  • Highly Recommended
  • Potential For Rental Income of 60,000 Per Annum

Auction date and time

24th June 2026

Auction location

The Hove Club
28 Fourth Avenue
Hove
East Sussex
BN3 2PJ

Let's Talk

Lot and auction information, viewings and advice

Simon Caplin, Head of Auctions

Simon Caplin

Tel:
01273 762039

Email:
simonc@psandb.co.uk

Lucy

Lucy Rowland

Tel:
01273 762039

Email:
lucyr@psandb.co.uk

Important notice – Pre-registration approaval to bid, guide prices, reserves, additional charges and other matters

Pre-registration approval to bid
PS&B require all bidders who wish to bid at our Auctions to register beforehand. All checks required by current anti-money laundering legislation must be satisfactorily completed as part of this process before prior approval to bid will be given. Please use the links on our website to
pre-register.

Following approval to bid, the buyer named in your registration cannot be changed without consent (for which a charge might be made).

Guide Prices

  1. A guide price (to include a range of prices), is not an indication of the anticipated eventual selling price or a valuation; it is an indication of the minimum price ( “the Reserve” ) at which (or range of prices within which) the seller might be prepared to sell. The eventual sale price can and frequently does, exceed the guide price.
  2. Where a range is given, the Reserve will sit within that range and will not exceed the top end of the range. Where a single figure Guide Price is given, the Reserve will be within 10%, upwards or downwards, of that figure.
  3. The guide price may be subject to change up to and including the day of the auction. The latest published guide price (or range of prices) is displayed on our website and you should check the website regularly for updates and on the day of the auction.
  4. All guide prices are quoted “subject to contract”.
  5. Please note the guide price for the Lot does not include:
    – any Buyers’ Fee charged by the auctioneers;
    – VAT on the sale price;
    – SOLT or any other Government taxes;
    – additional costs and fees charged by the seller or third parties that might apply to some Lots and/or some buyers.
  6. If a guide price is listed as “TBA”, it means no guide price has been set at present. Please do not call our office about this – the guide price, or range of prices, will be published online immediately it becomes available and you should check the auction website regularly for updates and on the day of the auction.

Reserve Prices
The reserve price is the minimum price at which the Lot can be sold.

For more information see Important Notes for Bidders

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