This property is not currently available. It may be sold or temporarily removed from the market.
For Sale

33-33a Montefiore Road, Hove

1,988 Sq Ft
  • Ref: 155963
  • Type: Investment
  • Make Enquiry

Property Features

  • Investment Property
  • Fully Let
  • Commercial & Residential Investment

Property Summary

FOR SALE - Mixed Use Investment Building
OIRO £750,000 FH

Full Details

The property comprises of a ground floor commercial unit currently let for £7,000pa with rent review due in July 2025. The tenant has been in occupation since 8th July 2010 currently holding over.

To the ground floor rear is a self-contained 1x bedroom flat let for £1,150pcm, the uppers parts are arranged as a 4x Bedroom HMO producing rents of R1 £725pcm, R2 £625pcm, R3 £625pcm, R4 £700pcm.

The collective income for the building is £53,500 per annum

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 can be arranged via the vendors Sole Agents - Newlands Property

Offers are invited in the region of £750,000 for the freehold interest, subject to the existing tenancies in place. A purchase at this level would reflect a net initial yield of 6.77%

Available Area

Name/FloorSq FtSq MAvailability
g Retail42739.67Available
g GF Flat44140.97Available
1st FF/ SF Maisonette1,120104.05Available