312 Portland Road, Hove, East Sussex, BN3 5LP
Property Summary
Inner terraced building with red brick elevations beneath a tiled main roof. The property is arranged as a retail unit (let) and 2 flats over, both sold off on long leases. There are 2 garages to the rear, both let on license agreements.
Flat 1 is on the first floor and is held on a term of 125 years from 15 February 2021 at a rent of £150, £225, £335, £480, £660 pa rising every 25 years.
Flat 2 is on second floor and is held on a term of 125 years from 15 February 2021 at a rent of £150, £225, £335, £480, £660 pa rising every 25 years.
The left hand garage is held on a term of 6 months from 28 January 2022 at a rent of £75pcm (£900pa).
The right hand garage is held on a fixed term of 12 months from 31 October 2017 at a rent of £75pcm (£900pa).
Total present income £12,412 pa (gross)
private treaty - sale status
Under offer
type
Freehold Investment Producing £12,412 pa (gross)
Ground Floor Commercial Let with x 2 Garages at Rear
description
Inner terraced building with red brick elevations beneath a tiled main roof. The property is arranged as a retail unit (let) and 2 flats over, both sold off on long leases. There are 2 garages to the rear, both let on license agreements.
Flat 1 is on the first floor and is held on a term of 125 years from 15 February 2021 at a rent of £150, £225, £335, £480, £660 pa rising every 25 years.
Flat 2 is on second floor and is held on a term of 125 years from 15 February 2021 at a rent of £150, £225, £335, £480, £660 pa rising every 25 years.
The left hand garage is held on a term of 6 months from 28 January 2022 at a rent of £75pcm (£900pa).
The right hand garage is held on a fixed term of 12 months from 31 October 2017 at a rent of £75pcm (£900pa).
Total present income £12,412 pa (gross)