Offers in region of
£800,000
(£352.27/sq. ft)
Property for sale158 Church Road, Hove BN3
2,271 sq. ft
About this property
Ground floor retail unit let on a long lease to October 2042 (No Breaks)
Two self-contained flats producing further income
Additional advertising hoarding income
Total income: £50,400 per annum exclusive
Retail lease with 5-yearly upward-only rent reviews (next review October 2027)
Attractive lot size suitable for private investors
The property comprises a prominent corner position and is arranged over basement, ground and upper floors and provides a well-balanced mixed-use investment, combining long-term commercial income with residential flexibility and reversionary potential.
* Ground Floor & Basement: Retail accommodation * Upper Floors: Two self-contained residential flats
Location
The property is prominently located on Church Road, Hove’s principal retail thoroughfare, benefitting from strong footfall and an affluent catchment.
The property is situated close to George Street, one of Hove’s most popular pedestrianised retail locations. Brighton & Hove City Council offices and Hove Town Hall are also in close proximity, supporting consistent daytime footfall.
The parade comprises a mix of local and national retailers, cafés and restaurants, providing a vibrant and well established trading environment.
Tenancy Information (Leases And Tenancy Agreements Are Available Upon Request)
Commercial Accommodation
Let to: Mercadinho Ltd, (Brazilian supermarket / deli operator)
* Term: 25 years from 19 October 2017 - Expiry: 18 October 2042 (No break options)
* Passing rent: £25,000 per annum - Rent reviews: 5 yearly upward-only (reviewed October 2022) * The lease has been subject to assignment to the current tenant, with a rent deposit held by the landlord.
Residential Accommodation
* First Floor Flat: £1,200 pcm (£14,400 per annum) * Second Floor Flat: £800 pcm (£9,600 per annum)
Advertising Hoarding
* Let to: Ncg Poster Advertising * Passing rent: £1,400 per annum
Total Income
£50,400 per annum
Mortgage calculator
£4,001 per month
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The monthly repayments provided are estimates and should be used as a guide only. The actual amount you can borrow will depend on your personal financial situation and subject to a full application. For a more precise estimate, please use the Mojo mortgage calculator. Your home or property may be repossessed if you do not keep up repayments on your mortgage.
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