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Portland Road/Worcester Villas, Hove Residential development for sale
Portland Road/Worcester Villas, Hove
£700,000
Portland Road/Worcester Villas, Hove
£700,000
Our Summary
- * GREAT INVESTMENT OPPORTUNITY *A mixed commercial/residential FREEHOLD investment with planning permission for a three bedroom house on the adjacent land on Worcester Villas
- Planning permission has been granted under application number BH2023/03157 for the erection of a three bedroom house with two bathrooms and off-road parking set back from the road
- Planning permission granted for a three bedroom house (Application Ref: BH2023/03157)
- Great investment opportunity
- Planning Application No
- Planning Permission for 3-Bed House with Off-Road Parking
- Potential for Sandwich Bar or Coffee Shop
Description
This is a unique investment opportunity featuring a mixed commercial and residential property with a café on the ground floor and a three-bedroom maisonette above. The café is well-established and has a prime location opposite Portslade Station, with planning permission for a three-bedroom house on the adjacent land. The residential unit has an HMO license and is currently rented to four sharers, producing £25,000 per annum. The property has a courtyard seating area, a fully-equipped catering kitchen, and storage areas. The maisonette features a studio room, kitchen, shower room, and three bedrooms, with a separate street entrance and stairs leading to the first floor. The adjacent land has planning permission for a three-bedroom house with off-road parking, offering a potential for future development. This property presents a fantastic opportunity for investors or developers to capitalize on its prime location and potential for growth.