18 Station Road, Burgess Hill, West Sussex, RH15 9DQ

Description

A Mid Terrace Building Arranged to Provide a Lower Ground and Ground Floor Retail Unit, a First Floor One Bedroom Flat, a Second Floor One Bedroom Flat and a Two Bedroom House to the Rear Fully Let Producing a Combined Rent of £63,600 Per Annum

Accommodation

Lower ground and ground floor retail unit; first floor one bedroom flat; second floor one bedroom flat; and a two bedroom house to the rear.

Location

Situated on a mixed use road close to local shops and amenities. Nearby multiples include Waitrose, Greggs and Boots. The open spaces of St.George's Park are within easy reach. Transport links are provided by Burgess Hill rail station.

Tenure / Property Information

Investment Analysis

The property is offered at a £710,000+ guide and has a same-address HM Land Registry sale of £450,000 in September 2022. The property is now described as a fully let mixed-use building producing £63,600 per annum, but no current comparable sales, tenancy details, lease terms, operating costs or formal valuation are supplied. A defensible GDV range cannot therefore be established from the evidence.

Investment Snapshot

Strategy Recommendation

Consider only as an income-led mixed-use hold, subject to full verification of the commercial and residential leases, rent schedule, tenant covenants, repair liabilities and all auction costs. Do not rely on a BRRR or flip strategy without valuation and condition evidence.

Works Required

No physical defects or refurbishment requirements are evidenced. Obtain and review the legal pack, tenancy agreements, rent schedule, repair obligations and condition information before budgeting works.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A BRRR assessment cannot be completed reliably because no refurbishment budget, current valuation, refinance valuation, lending terms or tenancy documentation is provided. The stated rent supports an initial gross-yield screen only; refinance proceeds and cash left in cannot be calculated without a supported GDV.

Buy-to-Let Analysis

The stated combined rent is £63,600 per annum, equivalent to £5,300 pcm. Against the £710,000 guide, the gross yield is approximately 8.96% before finance, management, maintenance, voids, taxes and purchase costs. The building is described as fully let, but lease terms, rent allocation between the commercial and residential elements, tenant covenant and operating costs are not supplied, so net performance cannot be assessed.

Flip Analysis

A flip analysis cannot be supported because no refurbishment requirement, resale GDV, selling costs or current comparable evidence is provided. The 2022 same-address sale at £450,000 is historic and does not establish a current resale value for the described mixed-use and income-producing property.

Investor Risks & Due Diligence

• The £1,800 administration charge is known, but buyer premium and other potential disbursements or special-condition costs are not quantified.

• The lease field is blank and no tenancy agreements, lease lengths, rent reviews, deposits or break clauses are supplied.

• The combined rent is not split between the retail unit and residential accommodation, preventing unit-level assessment.

• No condition report or refurbishment budget is provided.

• The property is mixed use, so commercial and residential income, repair obligations and reletting risks may differ.

• The 2022 same-address sale at £450,000 is historic and may not represent current market value.

• No parking, heating or council-tax information is supplied.

Recommendation

Consider only as an income-led mixed-use hold, subject to full verification of the commercial and residential leases, rent schedule, tenant covenants, repair liabilities and all auction costs. Do not rely on a BRRR or flip strategy without valuation and condition evidence.

Strategy Rating

Analysis Confidence

The annual rent, guide price, tenure, occupancy and one same-address historic sale are supplied, but key valuation, lease, condition, cost and finance evidence is absent.