Flude Property Consultants (FPC) have finalised the freehold sale of a mixed use investment in Brighton; a retail and residential building in the popular Seven Dials district of Hove.
The property comprises a 3-storey building and a basement. The ground and basement floors comprise commercial space and is currently occupied by Subway. The upper parts are arranged as self-contained maisonette currently in use as a house in multiple occupation (HMO). It is configured as 3 bedrooms, lounge, kitchen and 2 shower rooms with WC’s and wash hand basins.
The property is situated in a prominent position on the western side of Dyke Road a short distance to the north of Seven Dials. Seven Dials is a popular residential and commercial area benefiting from easy access to Brighton Station. There are a good range of shops and services around Seven Dials which include The Co-Op, Ashton’s Pharmacy, Small Batch Coffee and Flour Pot Bakery.
The property was sold to a local investment company.
FPC director, Will Thomas, commented, “This sale is yet again evidence of the high levels of interest there are for opportunities like this. The pandemic has, to date, done little to deter the appetite of local investors and this is just the latest of a number of similar transitions that we have overseen in the last couple of years”.
