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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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