Tisbury Road, Hove, BN3 3BL
£1,050,000
Property Summary
An unusual opportunity to acquire this substantial semi detached freehold property, which has been converted into 10 self contained units. Within the freehold includes, 7 flats which are currently let on Assured Shorthold Agreements producing £62,220 per annum. The remaining 3 flats in the building have been sold off on long leases, producing a ground rent income of £275.00 per annum.
Flat 3 - £880 pcm (rolling contract)
Flat 4 - £650 pcm (rolling contract)
Flat 5 - £800 pcm (fixed term until August 2022)
Flat 6 - £775 pcm (rolling contract)
Flat 8 - £750 pcm (rolling contract)
Flat 9 - £650 pcm (rolling contract)
Flat10 - £680 pcm (rolling contract)
lot type
Residential
situation
Situated just North of Church Road being the main shopping thoroughfare with bars & restaurants, and is within walking distance to Hove seafront and promenade - this is a fantastic location in Central Hove. Hove mainline station is a 5 minute walk to the North (London Victoria 67 minutes).
accommodation
Summary available upon request
Total Floor Area - 228 sqm
private treaty - sale status
Sold 2023
type
Freehold investment producing £62,495 per annum
description
An unusual opportunity to acquire this substantial semi detached freehold property, which has been converted into 10 self contained units. Within the freehold includes, 7 flats which are currently let on Assured Shorthold Agreements producing £62,220 per annum. The remaining 3 flats in the building have been sold off on long leases, producing a ground rent income of £275.00 per annum.
Flat 3 - £880 pcm (rolling contract)
Flat 4 - £650 pcm (rolling contract)
Flat 5 - £800 pcm (fixed term until August 2022)
Flat 6 - £775 pcm (rolling contract)
Flat 8 - £750 pcm (rolling contract)
Flat 9 - £650 pcm (rolling contract)
Flat10 - £680 pcm (rolling contract)