Property photos
Freehold
Offers in region of
£575,000
(£499.27/sq. ft)
Retail premises for sale
120 Portland Road, Hove BN31,152 sq. ft
Local area information
Property location
Nearby amenities
- St Christopher's School 0.2 miles
- West Hove Infant School 0.3 miles
- Aldrington 0.3 miles
- Hove 0.6 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Read our area guide for Hove to find out more about the local area.
Features and description
- Freehold
- Newly Let Commercial Unit
- 2x Flats let on AST's
- 1x Flat sold on ll
Description
This very well presented mixed use investment property comprises of a newly refurbished ground floor commercial unit, let on a new 5 Yr Fri lease from April 2025.
There is a self-contained Studio flat with shower room to the rear & lgf 2x bedroom flat both bedrooms with en-suites along, with a south facing garden/ patio area. A further ff-sf maisonette is sold off on a long-lease.
*gf Shop - Let on new Fri lease, rental £13,500pax.
*Rear Studio - Let on AST, rental £895pcm / £10,740pa
*lgf Flat - Let on AST, rental £1,600pcm / £19,200pa
Total Collective income = £43,440pax.
Copies of AST's and the commercial lease are available for interested parties.
Location
Located on the south Side of Portland Road, Hove the property occupies a great position within a busy secondary parade, just outside of Brighton city centre, within walking distance to the main seafront and Hove Station with a vibrant mix of national and independent occupiers.
Viewings
Viewings can be arranged via the Vendors Sole Agent - Newlands Property
Terms
Offers are invited in the region of £575,000 for the freehold interest, subject to the existing tenancies in place. A purchase at this level would reflect a 7.19% niy after purchase costs.
This very well presented mixed use investment property comprises of a newly refurbished ground floor commercial unit, let on a new 5 Yr Fri lease from April 2025.
There is a self-contained Studio flat with shower room to the rear & lgf 2x bedroom flat both bedrooms with en-suites along, with a south facing garden/ patio area. A further ff-sf maisonette is sold off on a long-lease.
*gf Shop - Let on new Fri lease, rental £13,500pax.
*Rear Studio - Let on AST, rental £895pcm / £10,740pa
*lgf Flat - Let on AST, rental £1,600pcm / £19,200pa
Total Collective income = £43,440pax.
Copies of AST's and the commercial lease are available for interested parties.
Location
Located on the south Side of Portland Road, Hove the property occupies a great position within a busy secondary parade, just outside of Brighton city centre, within walking distance to the main seafront and Hove Station with a vibrant mix of national and independent occupiers.
Viewings
Viewings can be arranged via the Vendors Sole Agent - Newlands Property
Terms
Offers are invited in the region of £575,000 for the freehold interest, subject to the existing tenancies in place. A purchase at this level would reflect a 7.19% niy after 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.