38 Church Road, Hove, East Sussex, BN3 2FN
- PROPERTY TYPE
Commercial Property
- SIZE
Ask agent
Description
**For Sale By Auction on Thursday 10 June 2021**
*Guide Price £1,000,000-£1,100,000
Substantial mixed investment in prominent location. Ground floor retail Let to Fish Tail Ltd trading as Cook with 4 flats over all producing £61,440 pa
Description
A Victorian 6-storey part bay fronted mellow brick terrace property with commercial unit over ground floor and basement, and 4 flats above, which are accessed at the rear of the building via Second Avenue.
There are 3 x 1 bedroom and 1 studio flat which are all let on Assured Shorthold Agreements and currently produce £34,440 per annum.
The ground floor retail unit is let at £27,000 pa for a 10 year lease from 29th July 2011.
Accommodation
Ground floor shop and basement 958sqft (89sqm) see floor plans.Let on effective FRI terms. Shop let on a 10 year lease from 29.07.11
Flat 1 - 644sqft (59.8sqm) Good size 1 Bedroom flat with large Living room with kitchen area: 18'1 x 17'4 (5.53m x 5.30m) Utility room on half landing. Let AST at £750pcm
Flat 2 - 633sqft (58.8sqm) Good size 1 Bedroom flat with large Living room with kitchen area: 18'1 x 17'4 (5.53m x 5.30m) Utility room on half landing. Let AST at £750pcm
Flat 3 - 531sqft (49.3sqm) 1 Bedroom flat with large Living room with kitchen Let AST at £795pcm
Flat 4 - 452sqft (42sqm) Large studio room : 26'6 x 12'4 (8.08m x 3.76m) & recessed kitchen area: 9'10 x 6'6 (3.0m x 2.0m) Let on an AST at £525pcm
38 Church Road, Hove, East Sussex, BN3 2FN
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Hove Station0.6 miles
- Aldrington Station0.9 miles
- Brighton Station1.2 miles
About Austin Gray, Auction House Sussex
Austin Gray LLP, 37 Vernon Terrace, Brighton, BN1 3JH
Notes
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Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Austin Gray, Auction House Sussex on 01273 109784.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”
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