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 Producing Immediate Income
- Prominent Position on Established Trading Location
- Total Current Income: £20,950 per annum - Net Initial Yield 9.5%
- Asset Management and Rental Growth Potential
Accommodation:
The approximate net internal areas measured are as follows:
| Name/Floor | SQFT | SQM |
|---|---|---|
| Ground Floor 49 Boundary Road - Kindred Hair & Beauty | 734 | 68.19 |
| Ground Floor 50 Boundary Road - Vape Shop | 386 | 35.86 |
| Total | 1,120 | 104.05 |
Price:
On Application
Terms:
Guide Price: £215,000 (Two Hundred and Fifteen 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 9.5%, after standard purchaser costs.
Based on the current passing rent (£20,500 per annum, exclusive) and the ground rent income from the upper flats (£150 per annum, per flat - totalling £450 per annum).
VAT:
VAT is Not applicable
Legal Fees:
Each party to bear their own costs
Viewings:
Strictly via prior appointment through Sole Agent Graves Jenkins (01273 701070).
Anti Money Laundering:
In accordance with the Anti-Money Laundering Regulations, Graves Jenkins is required to verify the identity of all parties involved in the transaction. Prospective purchasers or tenants will be required to provide satisfactory proof of identity and address before solicitors are instructed.
Documents will be required from all relevant parties, and a charge of £40 per person will be payable where electronic identity searches are carried out.