Terraced House

For Sale by Auction on the 24th of June 2026

Guide price £850,000+

A substantial double-fronted (2 buildings) four-storey freehold building situated in the popular Kemptown location with significant break up discount included comprising of 5 x 1 bedroom flats currently let on AST's as follows:

Basement Flat: £1,100 pcm (benefits from outside space)
Ground Floor Flat: £850 pcm
First Floor Flat (non self-contained): £800 pcm
Top Floor Flat: £900 pcm
Top Floor Flat £1,000 pcm

The total passing rent per annum is £55,800 however it is considered this is an under let amount and has room for meaningful uplift.

In addition there are 3 flats all sold off on long leases with diminishing unexpired lease terms as below:

Basement Flat: 73 years remaining
Ground Floor Flat: 69 years remaining
Second Floor Flat: 65 years remaining

As you will note, there are significant future premiums to be gained in respect of lease extensions.

Ideally located on Chichester Place, the property benefits from excellent connectivity and easy access to a wide range of local amenities. Situated just a short distance from the Sussex County Hospital, the area is particularly popular with training doctors and nurses, contributing to strong and consistent rental demand.

This prime location enhances the appeal of the flats to both tenants and prospective owner-occupiers, making it an attractive long-term investment opportunity.

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

Please be aware that we are relying on the information provided by our client, please refer to the legal pack to satisfy all enquires.

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