Western Road, Hove BN3 13 bed terraced house for sale

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Western Road, Hove BN3 13 bed terraced house for sale

Western Road
£2,500,000

Our Summary

  • 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 offers a mixed-use investment opportunity, comprising two retail units, nine flats, and a vacant garage/workshop. The property is currently let, generating £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 flats are let on individual leases, ranging from £1,000 to £1,600 per month. The property also has development potential, with the possibility of adding further residential units on the flat roof section at the rear, subject to obtaining planning consents. The location is highly desirable, with nearby Brunswick Square, Hove seafront, and a range of independent and national occupiers.
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