120 Portland Road, Hove

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.

Available Area