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432 Portland Road, Hove, BN3 5SJ

Offers in Region of
£430,000

£288.01 per sq ft

Business rates & charges may apply

Graves Son and Pilcher, East Sussex
SIZE AVAILABLE

1,493 sq ft

139 sq m

SECTOR

High street retail property for sale

Key features

  • Mixed use investment property
  • Two commercial units and a two bed self contained flat
  • Opposite Portslade Railway Station

Description

Description
An opportunity to purchase this mixed use freehold investment comprising two commercial units and a two bedroom self-contained flat located in a popular commercial and residential area of Hove. The accommodation is configured as two ground floor shops and a two bedroom flat comprising open plan living/kitchen/dining room, 2x bedroom and bathroom. The ground floor shop known as 432 Portland Road benefits from a small yard which leads to a garage and smaller store area which can be accessed from Worcester Villas. This space may be suitable for future redevelopment subject to any necessary planning consents.

Location
Situated in Portland Road, Hove and close to the junction of Boundary Road. Portslade railway station is directly opposite and there are various bus services to the area. Traders close by include, ALDI, The Railway Inn, Greggs, KFC and Cardfactory.

Terms
Offers are invited in the region of £430,000 for the freehold interest of the property (subject to existing tenancies)

Tenant Details
• 432 Portland Road – Let to private individuals and held on a full repairing and insuring lease for a term of 10 years from 29th January 2020. Current passing rent is £9,150 pax.
• 432b Portland Road – Let to a private individual and held on a full repairing and insuring lease for a term of 5 years from 29th August 2024. The current passing rent is £9,200 pax.
• 432a Portland Road –Let on 12 month AST from 17 June 2024. Current passing rent is £1,350 pcm (£16,200 pax).
• Total annual income - £34,550 per annum exclusive.

Rateable Value
432 Portland Road - £4,850
432b Portland Road - £4,800

EPC
432 Portland Road C
432b Portland Road D
432a Portland Road E

Brochures

432 Portland Road, Hove, BN3 5SJ

Open mapStreet View

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Portslade Station0.0 miles
  • Fishersgate Station0.6 miles
  • Aldrington Station1.0 miles

About Graves Son and Pilcher, East Sussex

51 Old Steyne, Brighton, BN1 1HU

Our dedicated agency team is committed to providing clients with a highly professional bespoke service on all types of commercial property matters including, disposals, acquisitions, business relocation etc. We have specialists in the retail/catering, offices, industrial/warehouse and investment/development sectors.

Our service to clients can be summarised as follows:

• Intimate and detailed local knowledge combined with in depth expertise.

• Highly motivated team with over 100 years combined frontline experience.

• Advice on sales, acquisitions, redevelopment appraisals and business relocation on both a freehold and leasehold basis.

• Advice on sale/letting of vacant premises, business transfer (going concerns) and property investment sales.

• Advice to both tenants and landlords alike.

• An unrivalled reputation for maximising rental income, sale proceeds and property assets and enjoy close liaison with our various other in house departments i.e residential, management, professional, rating and building surveying.

• Clients include both National companies and private individuals.

Notes

These notes are private, only you can see them.

Disclaimer - Property reference 305001-1. 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 Graves Son and Pilcher, East Sussex. 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.

Map data ©OpenStreetMap contributors.

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