Boundary Road, Hove
- PROPERTY TYPE
Commercial Property
- SIZE
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Key features
- For Sale By Auction on 26th November 2025
- Significant Freehold Commercial Investment with Potential
- Let to Iceland on a New 5 Year Lease at 56,000 Per Annum
- Possible Development Potential in Respect of Flats Being Built on the Flat Roof SPP
- Outstanding High Street Location
- High Yielding Return at 8 Percent Per Annum
- Lift
Description
Auction Guide £700,000
Significant high yielding freehold investment let to Iceland Foods Ltd on a new 5 years lease (break clause at the end of the third year) at a passing rent of £56,000 per annum providing for an impressive 8% return.
Over two floors that provide for approximately just over 7,750 square foot, the main shopping area occupies the entire ground floor whilst the first floor includes storage and staff facilities. There is also a lift serving both floors.
Subject to the usual required consents, it is considered that development of the flat roof may be suitable for the future inclusion of flats.
Situated within this highly popular and sought after location of Boundary Road. With a vast amount of daily passing footfall, the property is adjacent Portslade mainline railway station and bus services.
Other local business both benefit and compliment.
Brochures
Boundary Road, HoveBoundary Road, Hove
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Portslade Station0.1 miles
- Fishersgate Station0.5 miles
- Aldrington Station1.1 miles
Notes
Disclaimer - Property reference 34156795. 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 Parsons Son & Basley, Brighton. 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 Parsons Son & Basley, Brighton on 01273 109882.
*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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