49-50 Boundary Road, Hove, BN3 4EF
Size
1,120
Tenure
Freehold
EPC
Parking
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- Primary use
- High street retail
- Other use(s)
- Other, Shop, Restaurant
- Frontage
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Building amenities
Additional costs may apply for some services – please check the full property description for more details.
- Kitchen
- Common parts wc facilities
- Central heating
Key features
- Fully Let Freehold Investment Producing Immediate Income
- Prominent Position on Established Trading Location
- Total Current Income: £20,750 per annum - Net Initial Yield 9.41%
- Asset Management and Rental Growth Potential
Description
The property comprises two self-contained commercial units, providing a secure and diversified income stream, with clear potential for future rental growth through asset management initiatives.
Occupying a strong trading position and close to Portslade railway station, the property benefits from excellent footfall, strong transport connectivity, and sustained occupier demand, making it an attractive proposition for investors seeking a stable, income-producing asset in a proven retail and commercial location.
49-50 Boundary Road occupies a prominent position on the western side of Boundary Road, a well-established commercial thoroughfare connecting Portslade and Hove. The road enjoys strong footfall throughout the day, driven by a mix of national retailers, local independents, and high-density residential neighbourhoods.
Boundary Road serves as one of the main north–south routes linking the A270 (Old Shoreham Road) and the A259 Coast Road, providing excellent vehicular access across Brighton & Hove and the wider Sussex region. Portslade railway station is located just a short walk to the north, offering regular services to Brighton, Worthing, and London Victoria.
Nearby occupiers include Tesco Superstore, Specsavers, Superdrug, Timpson, and Kwik Fit, alongside a variety of cafes, salons, and convenience stores. The area benefits from a strong local catchment and year-round trade, making it a popular location for a range of service-based and retail businesses.
Strictly via prior appointment through Sole Agent Graves Jenkins ).
Offers are sought in the region of £215,000 (Two Hundred and Fifteen Thousand Pounds), subject to contract and subject to the existing occupational tenancies and income profile.
The property currently produces a total income of £20,750 per annum, comprising £20,500 per annum exclusive from the two ground-floor commercial units together with £250 per annum ground rent income from the three upper long leasehold flats.
At the quoting level, the investment reflects an attractive Net Initial Yield of approximately 9.41%, after standard purchaser costs.
49 Boundary Road is currently let on a 5 year lease from 1 November 2024 at a passing rent of £11,500 per annum exclusive.
50 Boundary Road is currently let on a 10 year lease from 22 October 2024 at a passing rent of £9,000 per annum exclusive, subject to a tenant break option and upward only open market rent review at Year 5 (October 2029).
In accordance with the Anti-Money Laundering Regulations, Graves Jenkins is required to verify the identity of all parties involved in the transaction. Prospective purchasers or tenants will be required to provide satisfactory proof of identity and address before solicitors are instructed.
Documents will be required from all relevant parties, and a charge of £40 per person will be payable where electronic identity searches are carried out.
- Service charge
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- Business rates
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- Use class
- E
- Listed building
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- Floors in building
- 1
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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Brochure
49-50 Boundary Road, Hove, BN3 4EF
About Graves Jenkins, Brighton
Founded in 1991, Graves Jenkins is an established, independent property consultancy specialising in commercial property sales, acquisitions, lettings, investments and development opportunities across Brighton and Hove, Sussex, Surrey and the South East. With offices in Brighton and Crawley, we combine traditional agency values with modern marketing, strategic advice and a proactive, hands-on approach.
Our sales team advises private owners, developers, investors, pension funds, occupiers and landlords across a broad range of property sectors including retail, leisure, hospitality, office, industrial, mixed-use and development opportunities. From landmark seafront buildings and high street investments to vacant value-add assets and owner-occupier opportunities, we pride ourselves on delivering commercially focused advice tailored to each client’s objectives.
At Graves Jenkins, we understand that no two properties or clients are the same. Our approach is built around clear communication, strong local market knowledge, honest advice and high-quality presentation. We utilise professional marketing, targeted digital exposure, extensive agency networking and leading property portals including Rightmove Commercial to maximise exposure and drive results.
Our team is recognised for its energy, integrity and ability to structure and negotiate deals creatively in challenging market conditions. We are particularly active throughout Brighton and Hove and the wider Sussex market, where we have built long-standing relationships with landlords, investors, developers, business owners and national operators alike.
Whether you are seeking to sell a freehold investment, dispose of a development opportunity, acquire premises for occupation or explore the value potential of an asset, Graves Jenkins offers experienced, director-led advice throughout every stage of the transaction.
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Disclaimer - Property reference 328495-1. 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 Jenkins, 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.