432 Portland Road, Hove, BN3 5SJ

Summary

An opportunity to purchase this mixed use freehold investment comprising two commercial units and a two bedroom self-contained flat located in a popular commercial and residential area of Hove. The accommodation is configured as two ground floor shops and a two bedroom flat comprising open plan living/kitchen/dining room, 2x bedroom and bathroom. The ground floor shop known as 432 Portland Road benefits from a small yard which leads to a garage and smaller store area which can be accessed from Worcester Villas. This space may be suitable for future redevelopment subject to any necessary planning consents.

Key Points

Tenant Details

• 432 Portland Road – Let to private individuals and held on a full repairing and insuring lease for a term of 10 years from 29th January 2020. Current passing rent is £9,150 pax.
• 432b Portland Road – Let to a private individual and held on a full repairing and insuring lease for a term of 5 years from 29th August 2024. The current passing rent is £9,200 pax.
• 432a Portland Road –Let on 12 month AST from 17 June 2024. Current passing rent is £1,350 pcm (£16,200 pax).
• Total annual income - £34,550 per annum exclusive.

Rateable Value

432 Portland Road - £4,850
432b Portland Road - £4,800

EPC

432 Portland Road C
432b Portland Road D
432a Portland Road E

Location

Terms