Retail premises for sale in Church Road, Hove BN3

Key Points

Description

The property comprises of a ground floor / lower ground floor commercial unit with parking to the rear for 4x vehicles. There is in addition a basement flat, the first floor flat is sold off on a long lease, a further 2nd floor flat and 3rd-4th floor maisonette.

The property is currently producing the following income, there is certainly scope to increase the residential rents, with renovation works to the units carried out.

1. Shop £24,000pa
2. Flat 1 - (Sold Off on long lease)
3. Lgf Flat - £875pcm
4. Flat 2 - £900pcm
5. Flat 3 - £1,100pcm
Total income = £58,500pa

Location

The property is located on the South side of Church Road, Hove with Lloyds bank next door to the building. The area has a high level of footfall and passing trade, with car parking directly outside the commercial unit and also included with the property at the rear. Hove railway station is a short distance from the property with Brighton city centre to the east.

Viewings

Viewings can be arranged via the vendors Sole Agent - Newlands Property

Terms

Offers are invited in the region of £950,000 for the freehold interest subject to the existing leases/ agreements in place.