33-33a Montefiore Road, Hove

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. Running costs for the HMO are approx £600pcm for utilities, council tax and internet.

The total combined gross income for the building is £61,900 per annum with an approximate net income of £54,700pa

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.

Available Area