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158 Church Road, Hove, BN3 2DL

Offers in Region of
£800,000

£352.27 per sq ft

Business rates & charges may apply

Graves Son and Pilcher, East Sussex
SIZE AVAILABLE

2,271 sq ft

211 sq m

SECTOR

Commercial property for sale

Key features

  • Ground floor retail unit let on a long lease to October 2042 (No Breaks)
  • Two self-contained flats producing further income
  • Additional advertising hoarding income
  • Total income: £50,400 per annum exclusive
  • Retail lease with 5-yearly upward-only rent reviews (next review October 2027)
  • Attractive lot size suitable for private investors

Description

Description
The property comprises a prominent corner position and is arranged over basement, ground and upper floors and provides a well-balanced mixed-use investment, combining long-term commercial income with residential flexibility and reversionary potential.

* Ground Floor & Basement: Retail accommodation * Upper Floors: Two self-contained residential flats

Location
The property is prominently located on Church Road, Hove’s principal retail thoroughfare, benefitting from strong footfall and an affluent catchment.

The property is situated close to George Street, one of Hove’s most popular pedestrianised retail locations. Brighton & Hove City Council offices and Hove Town Hall are also in close proximity, supporting consistent daytime footfall.

The parade comprises a mix of local and national retailers, cafés and restaurants, providing a vibrant and well established trading environment.

Tenancy Information (Leases and tenancy agreements are available upon request)
Commercial Accommodation
Let to: Mercadinho Ltd, (Brazilian supermarket / deli operator)
* Term: 25 years from 19 October 2017 - Expiry: 18 October 2042 (No break options)
* Passing rent: £25,000 per annum - Rent reviews: 5 yearly upward-only (reviewed October 2022) * The lease has been subject to assignment to the current tenant, with a rent deposit held by the landlord.

Residential Accommodation
* First Floor Flat: £1,200 pcm (£14,400 per annum) * Second Floor Flat: £800 pcm (£9,600 per annum)

Advertising Hoarding
* Let to: NCG Poster Advertising * Passing rent: £1,400 per annum

Total Income
£50,400 per annum

Brochures

158 Church Road, Hove, BN3 2DL

Approximate location
Open mapStreet View

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Hove Station0.5 miles
  • Aldrington Station0.6 miles
  • Portslade Station1.4 miles

About Graves Son and Pilcher, East Sussex

20 Middle Street Brighton BN1 1AL

Our dedicated agency team is committed to providing clients with a highly professional bespoke service on all types of commercial property matters including, disposals, acquisitions, business relocation etc. We have specialists in the retail/catering, offices, industrial/warehouse and investment/development sectors.

Our service to clients can be summarised as follows:

• Intimate and detailed local knowledge combined with in depth expertise.

• Highly motivated team with over 100 years combined frontline experience.

• Advice on sales, acquisitions, redevelopment appraisals and business relocation on both a freehold and leasehold basis.

• Advice on sale/letting of vacant premises, business transfer (going concerns) and property investment sales.

• Advice to both tenants and landlords alike.

• An unrivalled reputation for maximising rental income, sale proceeds and property assets and enjoy close liaison with our various other in house departments i.e residential, management, professional, rating and building surveying.

• Clients include both National companies and private individuals.

Notes

These notes are private, only you can see them.

Disclaimer - Property reference 377471-1. 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 Son and Pilcher, East Sussex. 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.

Map data ©OpenStreetMap contributors.

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