High street retail property for sale
117-118 Western Road, Hove, East Sussex, BN3 1DB
£425.12 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
1,282 sq ft
119 sq m
- SECTOR
High street retail property for sale
Key features
- Western Road is one of the city's principal retail thoroughfares
- The two ground floor shops and their lower ground floors have been let to Cambridge Brand Vaughan Limited.
- Let on a single effective full repairing and insuring lease until 2035 with an upwards only rent review at 25/12/2030
- Well established tenant that has traded from this building from 2017
- Let until September 2035
- Passing rent of £46,000 per annum exclusive
- Offers invited in excess of £545,000. A purchase at this level shows a net initial yield of 8.05%, after normal purchaser's costs
Description
Western Road is one of the city's principal retail thoroughfares, linking Brighton city centre with Church Road, the main shopping thoroughfare in Hove. The property occupies a prominent position on the Northern side of Western Road and benefits from high levels of footfall from local residents, visitors and professionals.
Brighton railway station is located approximately 0.8 miles to the north-east, providing regular services to London Victoria, London Bridge, Gatwick Airport and along the south coast. The A259 coast road offers direct access to Worthing and Eastbourne, while the A23 connects to the M23 and the national motorway network.
Nearby occupiers on Western Road include a mix of well-known national multiples and independent retailers, such as Real Patisserie, Farrow & Ball, Trading Post Coffee Roasters, Waitrose, Starbucks and Marks & Spencer, alongside a range of restaurants, cafés and indipendnat businesses including Archipalagos, Wine Barrel, Palmito, Dharma Coffee, The Paris House.
Energy Performance Certificates
EPC CertificateBrochures
117-118 Western Road, Hove, East Sussex, BN3 1DB
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Brighton Station0.7 miles
- Hove Station0.9 miles
- London Road (Brighton) Station1.2 miles
Notes
Disclaimer - Property reference 35291FH. 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 SHW, 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.
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