Co-Op, Old Shoreham Rd, Hove BN3 7EB
- PROPERTY TYPE
Commercial Property
- SIZE
Ask agent
Key features
- Substantial and Prominent Freehold Mixed Use Investment
- Comprising a convenience store with a self-contained flat above
- Well located in Hove
- Part let to Southern Co-Op on leases expring 2030 (c. 4.5 years unexpired term certain)
- Arranged over 4,124 sq ft
- Situated on a 0.32 acre (13,963 sq ft) site
- Site may lend itself to future development potential
- VAT is applicable
- Total Current Rents Reserved £121,266 per annum (reflecting 9.32% GIY off Guide Price)
Description
StrapLine
Auction Sale - 16/09/2025 - To book viewings, view the legal pack and register to bid please refer to the full sales particulars on the Savills Auctions websiteA Substantial and prominent mixed use investment located within the affluent Hove. Comprising Convenience Store let to Southern Co-Op on a lease expiring 2030 in addition to a self-contained flat. The site (0.32 acres) may also lend itself to future redevelopment subject to consents. Total Current Rents Received £121,266 per annum (reflecting 9.32% GIY off Guide Price)
Description
The substantial property is arranged over ground and one upper floor to provide a convenience store over ground floor with part first floor ancillary accommodation.
The remainder of the first floor contains a sizable self-contained 2 bedroom flat.
The property is situated on a prominent corner plot of 0.13 Hectares (0.32 Acres).
Location
Hove is a densely populated and popular seaside resort located on the East Sussex coast approx 2 miles west of Brighton, 11 miles east of Worthing and some 55 miles south of London.
Transport
Road - Hove benefits from good road communications via the A27 which provides direct access to the A283 and the A23, and in turn the M23 Motorway
Both Hove and Aldrington Rail Stations provide regular rail services to Brighton, Chichester, Southampton Central and London Victoria amongst other destinations
Train - Both Hove and Aldrington Rail Stations provide regular rail services to Brighton, Chichester, Southampton Central and London Victoria amongst other destinations
Tenancy
Please see the below schedule of accommdation and tenancies
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The Southern Co-operative Limited
D&B Rating· 5A 2
As at January 2024
Turnover·£458,186,000
Pre-tax profit·-£2,437,000
Shareholders Funds £82,461,000
(Source: Incans 15.08.2025)
Accommodation
Co-Op
Ground Floor - 295.38 sq m (3,179 sq ft)
First Floor - 18.72 sq m (202 sq ft)
Flat
First Floor - 69 sq m (743 sq ft)
Total - 383 sq m (4,124 sq ft)
Please see the below schedule of accommdation and tenancies
Planning
Part or the whole of the property may lend itself to redevelopment subject to all leases and all necessary consents.
All enquiries in this regard should be made with Brighton & Hove City Council.
Council: Brighton & Hove
Website: Brighton-Hove.gov
Co-Op, Old Shoreham Rd, Hove BN3 7EB
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Aldrington Station0.3 miles
- Hove Station0.7 miles
- Portslade Station0.9 miles
Notes
Disclaimer - Property reference 193-17197. 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 Savills Auctions, London. 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.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Savills Auctions, London on 020 3909 6715.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”
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