190 Church Road, Hove
Property Features
- New Lease on Commercial
- Flats Recently Refurbished
- Excellent Investment Opportunity
Property Summary
OIRO £1.1m FH
Full Details
The property comprises of 4x flats & GF commercial unit which has just been re-let to a national estate agent on a new FRI lease.
The flats are arranged from LGF up to 3rd floor, separately accessed all in very good condition, with Flat 2 having just undergone a full refurbishment this year video link in details.
With the collective of units producing a total income of circa £91,000pax. Further details and copies of agreements are available for interested parties.
Location
Located on the Southside of Church Road, Hove just back from the crossroads into New Church Road, nearby occupiers include Etch restaurant and Tesco, with Hove Station a short walk to the east and the main coastal road and beachfront to the south.
Viewings
Viewings can be arranged via the Vendors Agent Newlands Property
Terms
Offers are invited in the region of £1,100,000 for the freehold interest, subject to the existing commercial lease and residential AST's in place. A purchase at this level would reflect a net initial yield of 7.82%.
Available Area
| Name/Floor | Sq Ft | Sq M | Price | Availability |
|---|---|---|---|---|
| lg LGF Flat | 753 | 69.96 | On Application | Available |
| g GF Shop | 613 | 56.95 | On Application | Available |
| 1st Flat 1 | 603 | 56.02 | On Application | Available |
| 2nd Flat 2 | 570 | 52.95 | On Application | Available |
| 3rd Flat 3 | 634 | 58.90 | On Application | Available |
| Total | 3,173 | 294.78 |