33-33a Montefiore Road, Hove, BN3 1RD
Size
1,988
Tenure
Freehold
EPC
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Parking
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- Primary use
- Other
No floor / site plan
Key features
- Investment Property
- Producing £61,900 PAX
- Commercial & Residential Investment
Description
The property comprises of a ground floor commercial unit currently let on a new 5 yr FRI lease for £16,000pa from October 2025.
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. Running costs for the HMO are approx £600pcm for utilities, council tax and internet.
The total combined gross income for the building is £61,900 per annum with an approximate net income of £54,700pa
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.
- Service charge
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- Business rates
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- Use class
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- Listed building
- No
- Floors in building
- 1
- Business for sale
- No
An Energy Performance certificate helps you understand the current energy efficiency of a property.
Read more about EPC requirements- BREEAM rating
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- Environmental description
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33-33a Montefiore Road, Hove, BN3 1RD
About Newlands Property, Newlands Commercial Limited
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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.