Freehold Investment Sale in Brighton City Centre
Monday 29 January 2024
We are pleased to announce the sale of 142 Western Road, which has been sold to local investors.
The property was sold on behalf of London based clients who we initially undertook the letting off, of the vacant retail unit to Chaiiwala, Indian Café operators. The upper parts are arranged as high-end two bed flats, and were sold with tenants in place.
Director, Will Thomas, commented, “This is the latest of a number of transactions we have conducted along this part of Western Road. Its proving to be a popular location with both buyers and tenants and sees a great deal of footfall. The sale was quickly agreed after coming to the market and sold for an undisclosed sum of a guide price of £1.45m, with a combined passing rent of £94,000 per annum.”