33-33a Montefiore Road, Hove, BN3 1RD
£377.26 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
1,988 sq ft
185 sq m
- SECTOR
Mixed use property for sale
Key features
- Investment Property
- Fully Let
- Commercial & Residential Investment
Description
The property comprises of a ground floor commercial unit currently let for £7,000pa with rent review due in July 2025. The tenant has been in occupation since 8th July 2010 with the lease renewed in July 2020.
To the ground floor rear is a self-contained 1x bedroom flat let for £1,050pcm, the uppers parts are arranged as a 4x Bedroom HMO producing rents of R1 £725pcm, R2 £625pcm, R3 £625pcm, R4 £700pcm.
The collective income for the building is £51,700 per annum
Location
The property is located on the corner of Montefiore Road and Addison Road, Hove just across from the Montefiore Hospital with street car parking outside the building.
Viewings
Viewings can be arranged via the vendors Sole Agents - Newlands Property
Terms
Offers are invited in the region of £750,000 for the freehold interest, subject to the existing tenancies in place. A purchase at this level would reflect a net initial yield of 6.54%
Availability_text
The accommodation comprises the following areas:
Brochures
33-33a Montefiore Road, Hove, BN3 1RD
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Brighton Station0.6 miles
- Hove Station0.7 miles
- London Road (Brighton) Station0.9 miles
About Newlands Property, Newlands Commercial Limited
Clarence House, North Street BN1 1EB
Notes
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