33-33a Montefiore Road, Hove, BN3 1RD
£377.26 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
1,988 sq ft
185 sq m
- SECTOR
Commercial property for sale
Key features
- Investment Property
- Producing £61,900 PAX
- Commercial & Residential Investment
Description
The property comprises of a ground floor commercial unit currently being re-let on a new FRI lease for £16,000pa.
To the ground floor rear is a self-contained 1x bedroom flat let for £1,200pcm, the uppers parts are arranged as a 4x Bedroom HMO producing rents of R1 £700pcm, R2 £675pcm, R3 £600pcm, R4 £650pcm. Collective residential income of £3,825pcm / £45,900pa
The total combined income for the building is £61,900 per annum.
Location
The property is located on the corner of Montefiore Road and Addison Road, Hove just across from the Montefiore Hospital with street car parking outside the building.
Viewings
Viewings can be arranged via the vendors Sole Agents - Newlands Property
Terms
Offers are invited in the region of £750,000 for the freehold interest, subject to the existing tenancies in place. A purchase at this level would reflect a net initial yield of circa 7.83% after allowing for purchase costs.
Energy Performance Certificates
EPCEPCBrochures
33-33a Montefiore Road, Hove, BN3 1RD
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Brighton Station0.6 miles
- Hove Station0.7 miles
- London Road (Brighton) Station0.9 miles
Notes
Disclaimer - Property reference 155963-1. 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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