Hangleton Way is located immediately off of Hangleton Road, which in turn connects with the main Old Shoreham Road A270. The A27 Shoreham bypass is also within close proximity and provides directs links to the A23. Hangleton Way is approximately 1 mile’s distance from Hove centre, with its abudance of shopping and recreational facilities, whereas the local area provides a variety of local retail outlets as well as bus transport facilities. The nearest mainline station can be found at Portslade.
The property comprises of a ground floor retail premises with self-contained three bedroom maisonette located on the first and second floors. Single garage to the rear.
KEY FEATURES
- Mixed use retail and residential investment
- Established retail parade
- Self contained theee bedroom maisonette above
- Single garage to the rear
Mixed use retail and residential investment in established retail parade in Hove, with self-contained three bedroom maisonette above and single garage to rear.
PROPERTY DETAILS
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Ground Floor Retail Premises with Residential Accommodation Above
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TENANCY
Commercial
The premises are leased to Mulberry Wines Ltd at a rent of £7,000 (seven thousand pounds) per annum exclusive on a 10 year lease from 1 June 2003.
Asking price: £87,500 (eighty seven thousand five hundred pounds) representing a net initial yield of 8%.
Residential
Offered either with full vacant possession or with current tenancies producing an income of £10,500 (ten thousand five hundred pounds) per annum exclusive.
Asking price: £180,000 (one hundred eighty thousand pounds)
Total Purchase Price: £240,000 (two-hundred and forty-thousand pounds)
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Ground Floor Retail Premises with Residential Accommodation Above
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For Sale: £240,000
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VAT
May be chargeable on the terms quoted
Legal Fees
The ingoing tenant to be responsible for both parties' reasonable legal costs incurred in the transaction.
Viewing Arrangements
Strictly via prior appointment through Agents Graves Jenkins