Offers in region of
£975,000
(£520.58/sq. ft)
Property for sale26 Lawrence Road, Hove BN3
1,873 sq. ft
Freehold
About this property
Unbroken residential freehold property located in a prime Hove location
Short walk to Hove seafront
Income producing
Description
A rare opportunity to purchase this unbroken residential freehold property located in a prime Hove location and just off New Church Road. The accommodation is arranged as five self-contained flats, all income producing.
Location
Situated in Lawrence Road, a prestigious area of Hove and within close proximity of Church Road, one of the main commercial thoroughfares of Hove. Hove mainline station is approximately one mile away and Hove seafront is a short walk south.
Terms
Offers are invited in the region of the £975,000 for the freehold interest of the property (subject to existing tenancies).
Tenant Details
Flat 1 – Studio. 12 month AST from October 2024. Rent £950pcm. Council Tax Band A. EPC D.
Flat 2 – One bed with garden. 6 month AST from April 2025. Rent £1,200pcm. Council Tax Band B. EPC D.
Flat 3 – Studio. 6 month AST from July 2018. Rent £800pcm. Council Tax Band A. EPC to be applied for.
Flat 4 – One bed. Periodic Tenancy. £825pcm. Council Tax Band B. EPC C.
Flat 5 – One bed. Periodic Tenancy. £825pcm. Council Tax Band A. EPC to be applied for.
Total annual income of £55,200.
VAT
The property may be elected for VAT and therefore VAT may be payable on the terms quoted.
A rare opportunity to purchase this unbroken residential freehold property located in a prime Hove location and just off New Church Road. The accommodation is arranged as five self-contained flats, all income producing.
Location
Situated in Lawrence Road, a prestigious area of Hove and within close proximity of Church Road, one of the main commercial thoroughfares of Hove. Hove mainline station is approximately one mile away and Hove seafront is a short walk south.
Terms
Offers are invited in the region of the £975,000 for the freehold interest of the property (subject to existing tenancies).
Tenant Details
Flat 1 – Studio. 12 month AST from October 2024. Rent £950pcm. Council Tax Band A. EPC D.
Flat 2 – One bed with garden. 6 month AST from April 2025. Rent £1,200pcm. Council Tax Band B. EPC D.
Flat 3 – Studio. 6 month AST from July 2018. Rent £800pcm. Council Tax Band A. EPC to be applied for.
Flat 4 – One bed. Periodic Tenancy. £825pcm. Council Tax Band B. EPC C.
Flat 5 – One bed. Periodic Tenancy. £825pcm. Council Tax Band A. EPC to be applied for.
Total annual income of £55,200.
VAT
The property may be elected for VAT and therefore VAT may be payable on the terms quoted.
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Monthly repayment
£4,877 per month
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