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Western Road, Hove BN3 13 bed terraced house for sale
Western Road, Hove BN3
£2,500,000
Western Road, Hove BN3
£2,500,000
Our Summary
- *INVESTMENT OPPORTUNITY* A substantial freehold mixed-use investment comprising 2 x retail units, 9 x flats and a vacant garage/workshop
- The property is currently let and producing £193,100pa with potential to let the vacant garage/workshop to immediately increase the initial income
- There is development potential to add further residential units on the flat roof section at the rear of the property, subject to obtaining the usual planning consents
Description
This substantial freehold property in a prime central location is an investment opportunity with a mix of retail and residential units. The property is currently let, producing £193,100 per annum, with potential to increase income by letting the vacant garage/workshop. The retail units are let to Prominence Property and Jade Chinese Restaurant, with a 5-year lease and a 20-year lease, respectively. The residential units, comprising 9 flats, are let to various tenants, with EPC ratings ranging from B to C. There is also development potential to add further residential units on the flat roof section at the rear of the property, subject to obtaining the necessary planning consents. The property is situated close to Brunswick Square, Hove seafront, and a range of independent and national occupiers, making it an attractive investment opportunity.