An opportunity to purchase this end of terrace mixed-use freehold investment property. The accommodation is configured as a ground floor commercial premises, currently trading as a café with open plan seating, rear kitchen and WC. The commercial tenant has recently signed a new 20 year lease. To the first floor is a self-contained, one bedroom flat which is let out. The second-floor maisonette has been sold off on a 125 year long lease. To the side of the property is an illuminated advertising hoarding, subject to a licence agreement. To the rear, separate shared access is provided to a basement storage area which is currently vacant.
Location
The property is located on the west side of Goldstone Villas and within close proximity to Hove mainline railway station. Numerous amenities are close by including the Station Pub, various cafes and restaurants and the nearby shopping thoroughfare of George Street and Church Road, Hove. Hove lawns and Hove seafront are within walking distance.
Accommodation
The property has the following approximate Gross internal floor areas:
LOWER GROUND 65.52 sqm / 705.26 sq ft
GROUND 58.0 sqm / 624.30 sq ft
FIRST 46.35 sqm / 498.90 sq ft
TOTAL 169.87sqm / 1,828.46 sq ft
Terms
Tenancies
Full tenancy details available on request.
Currently producing approximately £24,750 per annum exclusive.
Rateable Value
Advertising Hoarding - £1,525 (April 2026)
Ground Floor Commercial - £9,900 (April 2026)
Basement - £9,000 (April 2026)
EPC's
Lower Ground - TBC
Ground Floor Commercial - B
Flat 1 - E
Flat 2 - D
Council Tax
Flat 1 - B
Flat 2 - B
Specification
Agent Notes
- From 1st May 2026 fixed term Assured Shorthold Tenancies (AST) will automatically convert to Assured Periodic Tenancies.
- Stepped rent on the commercial lease providing rental uplift.
- Vacant basement area and potential for rental uplift if the accommodation is rented.
- Second & third floor maisonette is currently on the market with a local estate agent. There is the possibility to purchase of the entirety of 98 Goldstone Villas, Hove.
VAT & Legal Fees
We understand the property is not elected for VAT. Each party to bear their own legal costs incurred.