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Commercial Property for sale

21 Wilbury Grove, Hove, BN3

Sold STC £150,000

Property Description

Full description

**SOLD BY AUCTION** A freehold mews building comprising an office at ground floor and a flat above which is sold on a long lease. The office is let paying £10,500pa rent.

Freehold mixed-use investment producing £10,540pa

A freehold mews building comprising a double fronted office unit at ground floor and a first floor flat which is sold off on a long lease.

The office is let on a 5 year lease from 1st June 2015 at a rent of £10,500pa. The flat is sold off on a 189 year lease from 25th March 1977 paying a ground rent of £40.00pa.

The property makes an excellent commercial investment and could suit a number of other uses at the end of the existing lease.


Situation

The building is situated in the sought after mews of Wilbury Grove which is accessed via Eaton Road to the north or Wilbury Road to the east.

The mews comprises mostly commercial uses with living accommodation above however a number have been converted to wholly residential uses.

The area is within a 10 minute walk of Hove railway station and a 5 minute walk to busy Church Road.


Description

A freehold mews building comprising a double fronted office unit at ground floor and a first floor flat which is sold off on a long lease.

The office is let on a 5 year lease from 1st June 2015 at a rent of £10,500pa. The flat is sold off on a 189 year lease from 25th March 1977 paying a ground rent of £40.00pa.

The property makes an excellent commercial investment and could suit a number of other uses at the end of the existing lease, subject to the necessary consents.


Accomodation

The ground floor provides double fronted office accommodation of 78.99m2 (850sqft).



Map & Street View

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*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.

Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”

Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Austin Gray, Auction House Sussex on 01273 20 19 80.


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