Property photos
Just added
Freehold
Offers in region of
£750,000
(£377.26/sq. ft)
Property for sale
33-33A Montefiore Road, Hove BN31,988 sq. ft
Local area information
Property location
Nearby amenities
- Brunswick Primary School 0.2 miles
- Brighton and Hove High School 0.3 miles
- Brighton 0.6 miles
- Hove 0.7 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Features and description
- Freehold
- Investment Property
- Producing £61,900 pax
- Commercial & Residential Investment
- Estimated Rates Payable: £3642.7
Description
The property comprises of a ground floor commercial unit currently being re-let on a new Fri lease for £16,000pa.
To the ground floor rear is a self-contained 1x bedroom flat let for £1,200pcm, the uppers parts are arranged as a 4x Bedroom HMO producing rents of R1 £700pcm, R2 £675pcm, R3 £600pcm, R4 £650pcm. Collective residential income of £3,825pcm / £45,900pa
The total combined income for the building is £61,900 per annum.
Location
The property is located on the corner of Montefiore Road and Addison Road, Hove just across from the Montefiore Hospital with street car parking outside the building.
Viewings
Viewings can be arranged via the vendors Sole Agents - Newlands Property
Terms
Offers are invited in the region of £750,000 for the freehold interest, subject to the existing tenancies in place. A purchase at this level would reflect a net initial yield of circa 7.83% after allowing for purchase costs.
The property comprises of a ground floor commercial unit currently being re-let on a new Fri lease for £16,000pa.
To the ground floor rear is a self-contained 1x bedroom flat let for £1,200pcm, the uppers parts are arranged as a 4x Bedroom HMO producing rents of R1 £700pcm, R2 £675pcm, R3 £600pcm, R4 £650pcm. Collective residential income of £3,825pcm / £45,900pa
The total combined income for the building is £61,900 per annum.
Location
The property is located on the corner of Montefiore Road and Addison Road, Hove just across from the Montefiore Hospital with street car parking outside the building.
Viewings
Viewings can be arranged via the vendors Sole Agents - Newlands Property
Terms
Offers are invited in the region of £750,000 for the freehold interest, subject to the existing tenancies in place. A purchase at this level would reflect a net initial yield of circa 7.83% after allowing for purchase costs.
More information
Listed by
Newlands Property - Commercial
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Property descriptions and related information displayed on this page are marketing materials provided by - Newlands Property - Commercial. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Newlands Property - Commercial for full details and further information.