49-50 Boundary Road, Hove, BN3 4EF

For Sale: Fully-Let Freehold Investment on Boundary Road

Under Offer

£ POA

Call our Brighton Office 01273 701070

Property Details PDF Brochure

£ POA

Interested in this property? Call our Brighton Office 01273 701070

Location

49-50 Boundary Road occupies a prominent position on the western side of Boundary Road, a well-established commercial thoroughfare connecting Portslade and Hove. The road enjoys strong footfall throughout the day, driven by a mix of national retailers, local independents, and high-density residential neighbourhoods.

Boundary Road serves as one of the main north–south routes linking the A270 (Old Shoreham Road) and the A259 Coast Road, providing excellent vehicular access across Brighton & Hove and the wider Sussex region. Portslade railway station is located just a short walk to the north, offering regular services to Brighton, Worthing, and London Victoria.

Nearby occupiers include Tesco Superstore, Specsavers, Superdrug, Timpson, and Kwik Fit, alongside a variety of cafes, salons, and convenience stores. The area benefits from a strong local catchment and year-round trade, making it a popular location for a range of service-based and retail businesses.

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.

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.

Key Features:

Fully-Let Freehold Investment
Prominent Position on Busy Commercial Parade
Total Current Income: £20,950 per annum
Attractive Net Initial Yield (9.51%)

Accommodation:

The approximate net internal areas measured are as follows:

Ground Floor A larger lock-up shop arranged with an open-plan sales area and rear ancillary rooms.: 68.19 sq m (734 sq ft)
Ground Floor A smaller self-contained unit with a straightforward layout and ancillary amenities.: 35.86 sq m (386 sq ft)
Total: 104.05 sq m (1,120 sq ft)

Price:

On Application

VAT:

VAT is Not applicable

Legal Fees:

Each party to bear their own costs

£ POA

Interested in this property? Call our Brighton Office 01273 701070

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