61 Tisbury Road, Hove
Property Features
- Lower ground floor Sold off
- Gross income £95,340pa
- Hove Location
Property Summary
OIRO £1,100,000 FH
Full Details
Arranged as 11x flats with the lower ground floor sold off on a long lease, the property provides a mixture of units with 4x Bedsits, 4x Studios and 2x One Beds.
All of the rents include Council Tax £355.00pcm & Water £245.00pcm. Electric is paid by the vendor but operates net zero, as tenants pay through meter pay.
Current gross income is £7,945pcm / £95,340pa this breaks back to net income of circa £88,140pa.
Location
The property is located on the West side of Tisbury Road, Hove linking to Church Road & Eaton Road. Hove station is a short walk away, with the main seafront a few minutes walk to the south and central Brighton to the east.
Viewings
Viewings can be arranged via vendors sole agent - Newlands Property
Terms
Offers are invited in the region of £1,100,000 for the freehold interest subject to the existing tenancies in place and long lease over LGF Flat.
Available Area
| Name/Floor | Sq Ft | Sq M | Price | Availability |
|---|---|---|---|---|
| g Flat 1 - Studio | 269 | 24.99 | On Application | Occupied |
| g Flat 2 - 1x bed | 398 | 36.98 | On Application | Occupied |
| 1st Flat 3 - Bedsit | 1 | 0.09 | On Application | Occupied |
| 1st Flat 4 - Studio | 398 | 36.98 | On Application | Occupied |
| 2nd Flat 5 - Bedsit | 1 | 0.09 | On Application | Occupied |
| 2nd Flat 6 - Bedsit | 1 | 0.09 | On Application | Occupied |
| 2nd Flat 7 - Studio | 194 | 18.02 | On Application | Occupied |
| 2nd Flat 8 - Bedsit | 1 | 0.09 | On Application | Occupied |
| 3rd Flat 9 - Studio | 1 | 0.09 | On Application | Occupied |
| 3rd Flat 10 - 1xbed | 366 | 34 | On Application | Occupied |
| Total | 1,630 | 151.43 |