Property Summary

A Victorian end of terrace, with commercial unit over ground and basement, and a two double bedroom first floor flat above, which the vendor advises had a major internal refurbishment carried out in 2019, consisting of new kitchen, bathroom and en-suite, re wired and re plastered, along with a new central heating system. The ground floor rear has been sold off on a long lease.

Tenancies

The commercial unit is let to Countryman Improvements Limited on a 6 year lease expiring December 2007 at a rent of £5,000 pa. Countryman Improvements Limited are now holding over. The tenant has indicated verbally they require a new lease and we estimate the current rack rent is £7,500 pa, but interested parties to satisfy themselves on this point.

Flat 1, Ground Floor sold off on a 189 year lease from 24/06/2004.
Flat 2, First Floor currently let on an AST at £1,250 pcm expiring on 09/01/2022

lot type

Mixed Use

situation

The building is situated at the end of a Victorian terrace, in a prominent position on the corner of Sackville Road and Landseer Road.

accommodation

First Floor Flat

Living room 5.08 x 4.8
Kitchen/Dining room 4.71 x 2.87
Bedroom one 4.84 x 3.91
Bedroom two 4.82 x 3.74
Bathroom 3.16 x 1.87
En-suite 2.78 x 0.91

Ground floor retail space approximately 32 sq m

tenure

Freehold

epc rating

D

private treaty - sale status

Under offer

type

Mixed investment in central Hove. Ground floor retail Let to Countryman Improvements Limited, with a recently modernised two bedroom first floor apartment all producing £20,000 pa (potential for increase)

description

A Victorian end of terrace, with commercial unit over ground and basement, and a two double bedroom first floor flat above, which the vendor advises had a major internal refurbishment carried out in 2019, consisting of new kitchen, bathroom and en-suite, re wired and re plastered, along with a new central heating system. The ground floor rear has been sold off on a long lease.

Tenancies

The commercial unit is let to Countryman Improvements Limited on a 6 year lease expiring December 2007 at a rent of £5,000 pa. Countryman Improvements Limited are now holding over. The tenant has indicated verbally they require a new lease and we estimate the current rack rent is £7,500 pa, but interested parties to satisfy themselves on this point.

Flat 1, Ground Floor sold off on a 189 year lease from 24/06/2004.
Flat 2, First Floor currently let on an AST at £1,250 pcm expiring on 09/01/2022