3 Victoria Terrace, Hove
Property Features
- New Lease
- Freehold
- Hove Seafront Location
Property Summary
OIRO £185,000 FH
Full Details
The building comprises of a ground floor and lower ground floor commercial space, recently refurbished in 2024 by the new tenant to create a beauty and nail bar. The lease is from 29th November 2024 for a term of 10 years (Outside 54 act) with review in 5th year and current passing rental of £13,500pax.
Location
The property is located within Victoria Terrace on the south side of the road with street car parking directly outside the building and good level of footfall and passing trade, being located on the main seafront trunk road.
Viewings
Viewings can be arrange via the Vendors Joint Sole Agents - Newlands Property & Eightfold Property
Terms
Offers are invited in the region of £185,000 for the freehold interest, subject to the existing lease in place. A purchase at this level would reflect a NIY of 7.14% after usual purchase costs.
Available Area
| Name/Floor | Sq Ft | Sq M | Availability |
|---|---|---|---|
| lg | 399 | 37.07 | Available |
| g | 379 | 35.21 | Available |
| Total | 778 | 72.28 |