Goldstone Villas, Hove

Mixed-Use Freehold Investment, Producing Approximately £24,750pax

On the Instructions of Executors
Mixed-Use Freehold Investment, Producing Approximately £24,750pax

Description - An opportunity to purchase this end of terrace mixed-use freehold investment property. The accommodation is configured as a ground floor commercial premises, currently trading as a café with open plan seating, rear kitchen and WC. The commercial tenant has recently signed a new 20 year lease. To the first floor is a self-contained, one bedroom flat which is let out. The second-floor maisonette has been sold off on a 125 year long lease. To the side of the property is an illuminated advertising hoarding, subject to a licence agreement. To the rear, separate shared access is provided to a basement storage area which is currently vacant.

Situation - The property is located on the west side of Goldstone Villas and within close proximity to Hove mainline railway station. Numerous amenities are close by including the Station Pub, various cafes and restaurants and the nearby shopping thoroughfare of George Street and Church Road, Hove. Hove lawns and Hove seafront are within walking distance.

Accommodation - The property has the following approximate Gross internal floor areas:

Lower Ground - 65.52 sq.m. (705.26 sq.ft)
Ground - 58.0 sq.m. (624.30 sq.ft)
First - 46.35 sq.m. (498.90 sq.ft)

Total - 169.87 sq.m. (1828.46 sq.ft)

Rateable Value - Advertising Hoarding - £1,525 (April 2026)
Ground Floor Commercial - £9,900 (April 2026)
Basement - £9,000 (April 2026)

Epc's - Lower Ground - TBC
Ground Floor Commercial - B
Flat 1 - E
Flat 2 - D

Council Tax - Flat 1 & 2 - B

Rent - RESIDENTIAL
First Floor - £12,000pax
Second & Third Floor Maisonette - £250pax
Total - £12,250pax

COMMERCIAL
Ground Floor - £11,000pax
Advertising Hoarding - £1,500pax
Total - £12,500pax

Tenancies - RESIDENTIAL

First Floor - 1 Bed – Let on an assured periodic tenancy. We have not had sight of the full agreement and are therefore unable to confirm full terms.
Second & Third Floor Maisonette - Sold off on a long lease for a term of 125 years from December 2019. Current ground rent is £250pa and shall double on each 25th anniversary of the term.

COMMERCIAL
Ground Floor - Let to a private individual on an effective full repairing and insuring lease for a term of 20 years from 25 March 2026 to and including 24 March 2046. The current passing rent is £11,000 per annum exclusive, rising to £12,000 per annum exclusive in year 2, £13,000 per annum exclusive in year 3 and £14,000 per annum exclusive in year 4. Rent reviews are dated at every fifth anniversary of the lease term. There is tenant only break clauses in March 2031 and March 2033.

Advertising Hoarding - We are informed the advertising hoarding is Let on a 5-year licence agreement. Please note, we have not had sight of the licence and are therefore unable to confirm terms.

Agent Notes - From 1st May 2026 fixed term Assured Shorthold Tenancies (AST) will automatically convert to Assured Periodic Tenancies.
Stepped rent on the commercial lease providing rental uplift.
Vacant basement area and potential for rental uplift if the accommodation is rented.
Second & third floor maisonette is currently on the market with a local estate agent. There is the possibility to purchase of the entirety of 98 Goldstone Villas, Hove.

Vat & Legal Fees - We understand the property is not elected for VAT. Each party to bear their own legal costs incurred.