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Western Road, Hove

Floor Plan.png
1

Key features

  • Substantial Mixed-Use Investment
  • Freehold
  • Producing £194,900pa
  • Development Potential

Description

A substantial freehold mixed-use investment comprising 2 x retail units, 9 x flats and a vacant garage/workshop. The property is currently let and producing £194,900pa with potential to let the vacant garage/workshop to immediately increase the initial income. There is development potential to add further residential units on the flat roof section at the rear of the property, subject to obtaining the usual planning consents.

Tenancy Schedule

Flat 1 - 2 bedroom flat (62sqm) Let at £1,375pcm
Flat 2 - 1 bedroom flat (51sqm) Let at £1,100pam
Flat 3 - 2 bedroom flat (72sqm) Let at £1,600pcm
Flat 4 - 2 bedroom flat (66 sqm) Let at £1,500pcm
Flat 5 - 1 bedroom flat (51 sqm) Let at £1,050pcm
Flat 6 - 2 bedroom flat (71 sqm) Let at £1,450pcm
Flat 7 - 2 bedroom flat (65 sqm) Let at £1,500pcm
Flat 8 - 1 bedroom flat (41 sqm) Let at £1,100pcm
Flat 9 - 1 bedroom flat (49 sqm) Let at £1,150pcm

28 Western Road is let to Prominence Property on a 5 year lease from 6th September 2023 at £14,400pa with a fixed increase from 5th September 2025 when the rent will increase to £15,000pa for the remainder of the term.

29 Western Road is let to Jade Chinese Restaurant on a 20 year lease from 29th September 2010 at £29,000pa with the basement let at £9,600pa on a separate co-terminus lease. There is a rent review due on 1st November 2026.

Garage/Workshop accessed via Donkey Mews - currently vacant.

All residential EPCs are rated C, apart from Flat 4 which is rated B.

Location

The property is situated in a prime central location, close to Brunswick Square, Hove seafront and a host of independent and national occupiers such as Real Patisserie, SIX Bar and Restaurant, and Co-op Food.

Please note, the floor plan does not show the entire ground floor and basement ownership, 29 Western Road is missing therefore the plan should be used as a guide only.

Brochures

Western Road, HoveBrochure
COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
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PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
Yes
GARDENA property has access to an outdoor space, which could be private or shared.
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ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Energy performance certificate - ask agent

Western Road, Hove

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About Nicholas James, Hove

8 The Drive, Hove, East Sussex, BN3 3JT

Welcome to Nicholas James.

Thank you for showing an interest in what we truly believe to be the future model of property consultancy. Founded in 2018 by Directors, James Perry & Nick Daley, the company has quickly become known as one the leading residential sales and lettings agents in Brighton & Hove. As the brand grew, so did our area. We have sold and let property across Sussex from our office in Hove using innovative technology and good old-fashioned customer service.

In 2021 our business expanded to offer property auctions with the addition of James Hance as Director and Nick Muston as Auctioneer. James and Nick are both well-respected figures in the industry and look to continue the growth of Nicholas James across Sussex and beyond.

Our ethos is to provide unrivalled trust and transparency. Our software allows every single client an insight into what we're doing on a daily basis, including marketing stats, live viewings diary and direct feedback from applicants immediately after each viewing.

We are proud to be an independent company and enjoy being able to support local charities and community groups. Staying true to Brighton & Hove's culture, we utilise our technology to be as green as possible and give back to the environment.

Our aim at Nicholas James is to add a little calm to what can potentially be a very stressful time.

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Disclaimer - Property reference 33729819. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Nicholas James, Hove. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

*This is the average speed from the provider with the fastest broadband package available at this postcode. The average speed displayed is based on the download speeds of at least 50% of customers at peak time (8pm to 10pm). Fibre/cable services at the postcode are subject to availability and may differ between properties within a postcode. Speeds can be affected by a range of technical and environmental factors. The speed at the property may be lower than that listed above. You can check the estimated speed and confirm availability to a property prior to purchasing on the broadband provider's website. Providers may increase charges. The information is provided and maintained by Decision Technologies Limited.
**This is indicative only and based on a 2-person household with multiple devices and simultaneous usage. Broadband performance is affected by multiple factors including number of occupants and devices, simultaneous usage, router range etc. For more information speak to your broadband provider.

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