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7 The Drive, Hove, BN3 3JS
not specified / Offices / Investment
Sold - Last updated: 20 November 2023
FREEHOLD FOR SALE
PRESTIGIOUS DETACHED BUILDING
With large rear car park
5,795 ft² / 438.36 m²
Currently let and producing £80,000 pa ex
Location
Situated in the heart of central Hove on the well-known thoroughfare of The Drive and adjacent to the commercial thoroughfare of Church Road. This is a sought after commercial and residential area with good public transport links and numerous amenities. The seafront is a short walk to the south and the shopping, restaurant and commercial facilities of Church Road are close by.
Accommodation
This detached E class building fronting The Drive is currently let and occupied until October 2028 by Rix & Kay Solicitors LLP but may suit conversion to residential accommodation subject to any necessary consents. The accommodation is arranged over five floors configured into office rooms. There is stair and lift access to all floors. The large rear car park may suit redevelopment in the future, subject to any necessary consents.
Parking for 20 cars.
Terms
Offers are invited in the region of £1,650,000 for the freehold interest of the property (subject to existing tenancy).
Specification
Tenant | Rix & Kay Solicitors LLP |
Lease | Full repairing & insuring lease for a term of 10 years commencing 31 October 2018 and terminating 30 October 2028. |
Rent | £80,000 per annum exclusive. |
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