Offers over
£500,000
(£434.15/sq. ft)
Retail premises for sale120 Portland Road, Hove BN3
1,152 sq. ft
Freehold
About this property
Newly Let Commercial Unit
2x Flats let on AST's
1x Flat sold on ll
Description
This very well presented mixed use investment property comprises of a newly refurbished ground floor commercial unit, let on a new 5 Yr Fri lease from April 2025.
There is a self-contained Studio flat with shower room to the rear & lgf 2x bedroom flat both bedrooms with en-suites along, with a south facing garden/ patio area. A further ff-sf maisonette is sold off on a long-lease.
*gf Shop - Let on new Fri lease, rental £13,500pax.
*Rear Studio - Let on AST, rental £895pcm / £10,740pa
*lgf Flat - Let on AST, rental £1,600pcm / £19,200pa
Total Collective income = £43,440pax.
Copies of AST's and the commercial lease are available for interested parties.
Location
Located on the south Side of Portland Road, Hove the property occupies a great position within a busy secondary parade, just outside of Brighton city centre, within walking distance to the main seafront and Hove Station with a vibrant mix of national and independent occupiers.
Viewings
Viewings can be arranged via the Vendors Sole Agent - Newlands Property
Terms
Offers are invited in Excess of £500,000 for the freehold interest, subject to the existing tenancies in place.
This very well presented mixed use investment property comprises of a newly refurbished ground floor commercial unit, let on a new 5 Yr Fri lease from April 2025.
There is a self-contained Studio flat with shower room to the rear & lgf 2x bedroom flat both bedrooms with en-suites along, with a south facing garden/ patio area. A further ff-sf maisonette is sold off on a long-lease.
*gf Shop - Let on new Fri lease, rental £13,500pax.
*Rear Studio - Let on AST, rental £895pcm / £10,740pa
*lgf Flat - Let on AST, rental £1,600pcm / £19,200pa
Total Collective income = £43,440pax.
Copies of AST's and the commercial lease are available for interested parties.
Location
Located on the south Side of Portland Road, Hove the property occupies a great position within a busy secondary parade, just outside of Brighton city centre, within walking distance to the main seafront and Hove Station with a vibrant mix of national and independent occupiers.
Viewings
Viewings can be arranged via the Vendors Sole Agent - Newlands Property
Terms
Offers are invited in Excess of £500,000 for the freehold interest, subject to the existing tenancies in place.
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