Hove Street, Hove

£250,000

Summary

Long leasehold commercial investment producing £18,000 pa

A long leasehold commercial investment currently producing £18,000 per annum. The property is arranged over ground floor only and is let to QED Structures Limited, who operate their office from the space.

QED Structures Limited occupy the property on a 10 year lease from November 2015. There is an upward only rent review at the 5th anniversary and no tenant break option.

Large open-plan office space with kitchen and WC to the rear.
Net internal area 995sqft (92.45sqm).

EPC: C51

The property is being sold with the remainder of a 125 year lease from December 2014.

Gallery

Location

Hove Manor Parade is a small retail parade located on the ground floor beneath the substantial block of flats known as Hove Manor. Hove Street is a busy thoroughfare which runs from the seafront, close to King Alfred Leisure Centre, to the junction with Church Road and New Church Road. Neighbouring occupiers include a beauty salon, mortgage brokers office and popular coffee shop.