Investment in Brighton Sold Above Guide Price
Wednesday 18 January 2023
Flude Property Consultants are thrilled to announce the investment sale of 107 Western Road, Brighton.
Located on a busy thoroughfare, the opportunity was a busy and popular local restaurant, situated in the centre of Brighton. The sale was complicated by the fact the existing lease had expired and the tenant’s solicitors had served a section 26 notice to request a lease renewal. After a short period of marketing and a couple of block viewing sessions, multiple offers were received.
Director, Will Thomas, commented, “Despite the political and economic chaos of Autumn ’22, the sale attracted a number of bidders that pushed the price above the guide price and sold for a sub 6% yield”.
