Plot for sale

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Plot for sale

Blatchington Road, Hove
£150,000

Our Summary

  • *For Sale by Auction 11th December* A freehold commercial investment comprising ground floor retail accommodation with split level ancillary accommodation and rear garden
  • Oxfam currently pay a rent of £11,000pa, but the space offers the opportunity for either an owner occupier or a developer when the tenant vacates

Description

A freehold commercial property is being sold at auction on December 11th, featuring ground floor retail space with split-level ancillary accommodation and a rear garden. The property is currently leased to Oxfam for three years from May 2024, with a rolling tenant break option after November 2025. Oxfam pays an annual rent of £11,000, but the space presents an opportunity for an owner occupier or developer when the tenant vacates. The first and second floors have been sold off on a long lease, and buyers are advised to review the legal pack prior to bidding. The purchase price and rent payable are subject to VAT.
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