116 & 116a Church Road, Hove, East Sussex, BN3 2EA

Location

Situated on the southern side of Church Road, Hove, which is one of the main commercial thoroughfares and well known for it's abundance of restaurants and eateries.  Church Road offers a multitude of national occupiers including HSBC, Giggling Squid, Gail's Bakery, Co-Op, Tesco and Hixon Green, together with many local independents. Hove Mainline Train Station is a short distance away and Hove Lawns and the Seafront are within walking distance.

Description

A rare opportunity to acquire a mixed use building situated on a corner plot along Church Road and Albany Villas, Hove. The property is split into two units; the corner unit benefits from a large double frontage with recessed doorway and comprises ground floor open plan space with bar area to the rear and lower ground floor fully fitted kitchen, store room and WC.

The adjoining three storey premises and is made up of a fully fitted ground floor restaurant/bar and a generous extended ground floor covered terrace and seating area, with potential for development STNC. The first floor offers two kitchens with additional storage room. The third floor consists of a self-contained two bedroom apartment which can be accessed internally or via an external staircase.

The property is fully let and income producing and generating an attractive rental income of £24,200 per annum, exclusive for 116a and £65,000 per annum, exclusive for 116.

Price

Offers are invited in the region of £1,500,000 for the freehold interest.

Tenure Comments

Freehold

Rent

116a is currently let and producing a rent of £24,200 per annum, exclusive.
116 is let and producing a rent of £65,000 per annum, exclusive.


EPC

The right hand side unit has an EPC rating of B - 49.
The maisonette has an EPC rating of F - 21.
The corner unit has an EPC rating of E - 108.


VAT

We are informed that VAT is applicable on the terms quoted.

Use

We understand the premises benefit from Class E use however, we would advise any potential tenant to check with the Planning Department to ascertain if their use is permitted.

Legal Fees

Each party is responsible for their own legal fees in this transaction.

Viewing

Strictly by appointment with Sole Agents,
Jacobs Steel.

Rare Opportunity to Acquire a Commercial Property in Church Road

Development Potential (STNC)

Two Fully Fitted Premises

Centrally Located