Western Road, Hove 14 bed terraced house for sale

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Western Road, Hove 14 bed terraced house for sale

Western Road, Hove
£2,500,000

Our Summary

  • The property is currently let and producing £194,900pa 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
  • Development Potential

Description

This substantial freehold mixed-use property in a prime central location consists of two retail units, nine flats, and a vacant garage/workshop. The property is currently let, producing £194,900 per annum, with potential to increase income by letting the vacant garage/workshop. The flats range from one to two bedrooms and are let to various tenants, with a total annual rent of £144,800. The retail units are let to Prominence Property and Jade Chinese Restaurant, with a 5-year lease and a 20-year lease, respectively. The property also has development potential, with the possibility of adding further residential units on the flat roof section at the rear, subject to planning consent. The property is located near Brunswick Square, Hove seafront, and various independent and national occupiers.
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