Property photos
Freehold
Offers in region of
£430,000
(£288.01/sq. ft)
Retail premises for sale
432 Portland Road, Hove BN31,493 sq. ft
Local area information
Property location
Nearby amenities
- Portslade 0 miles
- Benfield Primary School 0.2 miles
- Deepdene School 0.2 miles
- Fishersgate 0.6 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Features and description
- Freehold
- Mixed use investment property
- Two commercial units and a two bed self contained flat
- Opposite Portslade Railway Station
Description
An opportunity to purchase this mixed use freehold investment comprising two commercial units and a two bedroom self-contained flat located in a popular commercial and residential area of Hove. The accommodation is configured as two ground floor shops and a two bedroom flat comprising open plan living/kitchen/dining room, 2x bedroom and bathroom. The ground floor shop known as 432 Portland Road benefits from a small yard which leads to a garage and smaller store area which can be accessed from Worcester Villas. This space may be suitable for future redevelopment subject to any necessary planning consents.
Location
Situated in Portland Road, Hove and close to the junction of Boundary Road. Portslade railway station is directly opposite and there are various bus services to the area. Traders close by include, aldi, The Railway Inn, Greggs, kfc and Cardfactory.
Terms
Offers are invited in the region of £430,000 for the freehold interest of the property (subject to existing tenancies)
Tenant Details
• 432 Portland Road – Let to private individuals and held on a full repairing and insuring lease for a term of 10 years from 29th January 2020. Current passing rent is £9,150 pax.
• 432b Portland Road – Let to a private individual and held on a full repairing and insuring lease for a term of 5 years from 29th August 2024. The current passing rent is £9,200 pax.
• 432a Portland Road –Let on 12 month AST from 17 June 2024. Current passing rent is £1,350 pcm (£16,200 pax).
• Total annual income - £34,550 per annum exclusive.
Rateable Value
432 Portland Road - £4,850
432b Portland Road - £4,800
EPC
432 Portland Road C
432b Portland Road D
432a Portland Road E
An opportunity to purchase this mixed use freehold investment comprising two commercial units and a two bedroom self-contained flat located in a popular commercial and residential area of Hove. The accommodation is configured as two ground floor shops and a two bedroom flat comprising open plan living/kitchen/dining room, 2x bedroom and bathroom. The ground floor shop known as 432 Portland Road benefits from a small yard which leads to a garage and smaller store area which can be accessed from Worcester Villas. This space may be suitable for future redevelopment subject to any necessary planning consents.
Location
Situated in Portland Road, Hove and close to the junction of Boundary Road. Portslade railway station is directly opposite and there are various bus services to the area. Traders close by include, aldi, The Railway Inn, Greggs, kfc and Cardfactory.
Terms
Offers are invited in the region of £430,000 for the freehold interest of the property (subject to existing tenancies)
Tenant Details
• 432 Portland Road – Let to private individuals and held on a full repairing and insuring lease for a term of 10 years from 29th January 2020. Current passing rent is £9,150 pax.
• 432b Portland Road – Let to a private individual and held on a full repairing and insuring lease for a term of 5 years from 29th August 2024. The current passing rent is £9,200 pax.
• 432a Portland Road –Let on 12 month AST from 17 June 2024. Current passing rent is £1,350 pcm (£16,200 pax).
• Total annual income - £34,550 per annum exclusive.
Rateable Value
432 Portland Road - £4,850
432b Portland Road - £4,800
EPC
432 Portland Road C
432b Portland Road D
432a Portland Road E
More information
Listed by
Graves Son & Pilcher
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