Description

This fully-let and well-positioned property presents a rare freehold investment opportunity in the heart of Hove’s established commercial district.

Comprising two self-contained commercial units, the asset provides a strong and secure income stream with scope for future rental growth.

Situated along the vibrant Blatchington Road and close to George Street and Hove Station, the property benefits from excellent footfall, connectivity, and long-term occupier demand, making it an ideal acquisition for investors seeking a stable asset in one of Sussex’s most sought-after coastal towns.

Key Features

• Fully-Let Freehold Investment
• Prominent Position on Busy Commercial Parade
• Total Current Income: £20,950 per annum
• Attractive Net Initial Yield

Accommodation

49 Boundary Road, Hove

A larger lock-up shop arranged with an open-plan sales area and rear ancillary rooms.

Main Sales Area: 396 sq ft (36.8 m²)

• Internal Width (Max): 15’5”
• Internal Depth: 27’9”

Rear Ancillary Rooms: 338 sq ft (31.4 m²)

Total Accommodation (NIA): 734 sq ft (68.2 m²)

Features include contemporary wood laminate flooring, recessed LED ceiling lighting, rear partitioned rooms suitable for office or storage use, and dedicated kitchenette and WC facilities.

50 Boundary Road, Hove

A smaller self-contained unit with a straightforward layout and ancillary amenities.

• Internal Width (Max): 14’6”
• Internal Depth: 34’9”

Total Accommodation (NIA): 386 sq ft (35.9 m²)

Features include wood-effect laminate flooring, recessed LED ceiling lighting, and dedicated kitchenette and WC facilities.

Total Commercial Accommodation (NIA): 1,120 sq ft (104.1 m²)

Price

Guide Price: £230,000 (Two Hundred and Thirty Thousand Pounds), subject to contract and subject to the existing tenancies and rental income.

At this level, the investment reflects a Net Initial Yield of 8.89%, after standard purchaser costs.

Based on the current passing rent and the ground rent income from the upper flats.

Tenancy Schedule

The property is fully let to two separate commercial tenants, generating a combined rental income of £20,500 per annum, exclusive. Lease details are as follows:

49 Boundary Road, Hove

• Use: Hair and beauty salon - Class E(c)(iii)
• Rent: £11,500 per annum, exclusive 
• Term: 5 years from 1 November 2024 to 31 October 2029 (Inside the Landlord and Tenant Act 1954 - Part II, as amended)
• Rent Review: Not applicable

50 Boundary Road, Hove

• Use: Vape shop - Class E(a):
• Rent: £9,000 per annum, exclusive
• Term: 10 years from 22 October 2024 to 21 October 2034 (Inside the Landlord and Tenant Act 1954 - Part II, as amended)
• Rent Review: 22 October 2029 and every fifth anniversary thereafter

Ground Rent: £150 per annum, per flat - totalling £450 per annum across all three flats.

Total Rental Income: £20,950 per annum, exclusive

Business Rates

49 Boundary Road, Hove

Billing Authority: Brighton & Hove

- Description: Tanning shop and Premises  
- Rateable Value: £10,750
- Valid from April 2023 (current)

Eligible to benefit from full Small Business Rates Relief (SBRR).

50 Boundary Road, Hove

Billing Authority: Brighton & Hove

- Description: Showroom and Premises  
- Rateable Value: £7,600
- Valid from April 2023 (current)

Eligible to benefit from full Small Business Rates Relief (SBRR).

VAT

The property is not elected for VAT, therefore VAT is not chargeable on the terms quoted.

Legal & Professional Fees

Each party shall be responsible for their own legal and professional fees incurred.

Viewing Arrangements

Strictly via prior appointment through Sole Agent Graves Jenkins (01273 701070).