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26 Lawrence Road, Hove, BN3 5QB

Offers in Region of
£1,150,000

£613.99 per sq ft

Business rates & charges may apply

Graves Son and Pilcher, East Sussex
SIZE AVAILABLE

1,873 sq ft

174 sq m

SECTOR

Commercial property for sale

Key features

  • Unbroken residential freehold property located in a prime Hove location
  • Short walk to Hove seafront
  • Income producing

Description

Description
A rare opportunity to purchase this unbroken residential freehold property located in a prime Hove location and just off New Church Road. The accommodation is arranged as five self-contained flats, all income producing.

Location
Situated in Lawrence Road, a prestigious area of Hove and within close proximity of Church Road, one of the main commercial thoroughfares of Hove. Hove mainline station is approximately one mile away and Hove seafront is a short walk south.

Terms
Offers are invited in the region of the £1,150,000 for the freehold interest of the property (subject to existing tenancies).

Tenant Details
Flat 1 – Studio. 12 month AST from October 2024. Rent £950pcm. Council Tax Band A. EPC D.

Flat 2 – One bed with garden. 6 month AST from April 2025. Rent £1,200pcm. Council Tax Band B. EPC D.

Flat 3 – Studio. 6 month AST from July 2018. Rent £800pcm. Council Tax Band A. EPC to be applied for.

Flat 4 – One bed. Periodic Tenancy. £825pcm. Council Tax Band B. EPC C.

Flat 5 – One bed. Periodic Tenancy. £825pcm. Council Tax Band A. EPC to be applied for.

Total annual income of £55,200.

VAT
The property may be elected for VAT and therefore VAT may be payable on the terms quoted.

Brochures

26 Lawrence Road, Hove, BN3 5QB

Open mapStreet View

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Aldrington Station0.4 miles
  • Hove Station0.7 miles
  • Portslade Station0.9 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 333268-1. 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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