120 Portland Road, Hove, BN3 5DN
£499.13 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
1,152 sq ft
107 sq m
- SECTOR
High street retail property for sale
Key features
- Newly Let Commercial Unit
- 2x Flats let on AST's
- 1x Flat sold on LL
Description
This very well presented mixed use investment property comprises of a newly refurbished ground floor commercial unit, let on a new 5 Yr FRI lease from April 2025.
There is a self-contained Studio flat with shower room to the rear & LGF 2x bedroom flat both bedrooms with en-suites along, with a south facing garden/ patio area. A further FF-SF maisonette is sold off on a long-lease.
*GF Shop - Let on new FRI lease, rental £13,500pax.
*Rear Studio - Let on AST, rental £895pcm / £10,740pa
*LGF Flat - Let on AST, rental £1,600pcm / £19,200pa
Total Collective income = £43,440pax.
Copies of AST's and the commercial lease are available for interested parties.
Location
Located on the south Side of Portland Road, Hove the property occupies a great position within a busy secondary parade, just outside of Brighton city centre, within walking distance to the main seafront and Hove Station with a vibrant mix of national and independent occupiers.
Viewings
Viewings can be arranged via the Vendors Sole Agent - Newlands Property
Terms
Offers are invited in the region of £575,000 for the freehold interest, subject to the existing tenancies in place. A purchase at this level would reflect a 7.19% NIY after purchase costs.
Brochures
120 Portland Road, Hove, BN3 5DN
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Aldrington Station0.3 miles
- Hove Station0.5 miles
- Portslade Station1.0 miles
Notes
Disclaimer - Property reference 300934-1. 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 Newlands Property, Newlands Commercial Limited. 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.
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