61 Tisbury Road, Hove, BN3 3BL

Description
Arranged as 11x flats with the lower ground floor sold off on a long lease, the property provides a mixture of units with 4x Bedsits, 4x Studios and 2x One Beds.

All of the rents include Council Tax £355.00pcm & Water £245.00pcm. Electric is paid by the vendor but operates net zero, as tenants pay through meter pay.

Current gross income is £7,945pcm / £95,340pa this breaks back to net income of circa £88,140pa.

Location
The property is located on the West side of Tisbury Road, Hove linking to Church Road & Eaton Road. Hove station is a short walk away, with the main seafront a few minutes walk to the south and central Brighton to the east.

Viewings
Viewings can be arranged via vendors sole agent - Newlands Property

Terms
Offers are invited in the region of £1,100,000 for the freehold interest subject to the existing tenancies in place and long lease over LGF Flat.