Retail premises for sale in Church Road, Hove BN3, £1,100,000
1,100,000.00
Offer Nr.:
64765213
Type of ad:
for Sale
Property type:
Retail premises
Contact name:
Crickmay
Phone(s):
01403 453068
Email:
* Freehold
**Description**
Accommodation comprises a mixed - use building over four floors as follows:
• The basement comprises studio accommodation with two rooms,kitchenette, WC
and shower. Subject to planning permission this may be suitable for conversion
to a one bedroom flat.
• The ground floor comprises a front retail areawith rear storeroom.
• The flats are self - contained and are accessed via a separate entrance to the
rear of the building. They are held on individual long leaseswhich enables
them to be mortgaged/sold separately should this be required.
• Flat 1 is situated at first floor, comprising an entrance hall, lounge, two
bedrooms andshower room/WC.
• Flat 2 is situated at second floor, comprising a lounge, kitchen, two
bedrooms and shower room/WC.
**Location**
The property is situated in thecentre of Hove on a highly prominent corner
position, on the southern side of Church Road, Hove, opposite the
pedestrianised George Street and just east of the TescoSuperstore. Nearby
local and national traders include Franco Manca, Giggling Squid, Moss Bros,
Barclays, Betfred, Savers, Nationwide, Gails Bakery, Santander. Theseafront
is a short distance to the south and Hove mainline railway station just over
half a mile to the north.
**Tenancies**
The basement is let on a new effective Frilease for a term of 3 years from 7
September 2023 at £9, 000 per annum.
The ground floor shop is Let to L Aveyard, trading as Covet, on an effective
Fri lease for aterm of 12 years from 29 February 2016 at the current rent of
£30, 000 per annum. A rent review is due 29 February 2024 with no further
breaks.
Flat 1 is let on an ASTat a rent of £1, 200 per calendar month.
Flat 2 is let on an AST at a rent of £1, 100 per calendar month.
Total rent receivable: £66, 600 per annum
**VAT**
VAT isnot believed to be applicable.
**Legal Costs**
Each party to be responsible for their own legal costs.
**Business Rates And Council Tax Bands**
The Basement has aRateable Value of £9, 600 and the Ground Floor Shop has a
Rateable Value of £25, 750, both have a ubr of 49. 9 p in £.
Both of the flats fall under Council Tax BandB.
**Description**
Accommodation comprises a mixed - use building over four floors as follows:
• The basement comprises studio accommodation with two rooms,
and shower. Subject to planning permission this may be suitable for conversion
to a one bedroom flat.
• The ground floor comprises a front retail area
• The flats are self - contained and are accessed via a separate entrance to the
rear of the building. They are held on individual long leases
them to be mortgaged/sold separately should this be required.
• Flat 1 is situated at first floor, comprising an entrance hall, lounge, two
bedrooms and
• Flat 2 is situated at second floor, comprising a lounge, kitchen, two
bedrooms and shower room/WC.
**Location**
The property is situated in the
position, on the southern side of Church Road, Hove, opposite the
pedestrianised George Street and just east of the Tesco
local and national traders include Franco Manca, Giggling Squid, Moss Bros,
Barclays, Betfred, Savers, Nationwide, Gails Bakery, Santander. The
is a short distance to the south and Hove mainline railway station just over
half a mile to the north.
**Tenancies**
The basement is let on a new effective Fri
September 2023 at £9, 000 per annum.
The ground floor shop is Let to L Aveyard, trading as Covet, on an effective
Fri lease for a
£30, 000 per annum. A rent review is due 29 February 2024 with no further
breaks.
Flat 1 is let on an AST
Flat 2 is let on an AST at a rent of £1, 100 per calendar month.
Total rent receivable: £66, 600 per annum
**VAT**
VAT is
**Legal Costs**
Each party to be responsible for their own legal costs.
**Business Rates And Council Tax Bands**
The Basement has a
Rateable Value of £25, 750, both have a ubr of 49. 9 p in £.
Both of the flats fall under Council Tax Band
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