£925,000
Commercial Property
Western Road, Hove, East Sussex, BN3
First listed on: 04th August 2023
Nearest stations:
- Hove (0.8 mi)
- Brighton (1 mi)
- Aldrington (1.1 mi)
- London Road (Brighton) (1.4 mi)
- Preston Park (1.5 mi)
Interested?
Call: See phone number 01273 359000
Property Description
Tenure: Freehold
An opportunity to acquire the freehold of a well maintained commercial premises in prime central Hove location.
The property is currently tenanted by a well established restaurant with a lease until October 2027, currently producing ?55,000 per annum.
The property is in excellent decorative order through out and comprises of a large dining room with bar on the ground floor. Heading to the first floor you will find further seating and another bar which can be hired for functions. On the second floor there are several rooms used for storage / office space.
On the lower ground floor you will find a fully equipped commercial, staff office space and W/C"s for customers.
This property offers buyers a rare opportunity to purchase a freehold in central Hove and the potential to be extended STNPC.
Palmeria Square is located between Church Road and Kingsway, and is known for its beautiful Grade II listed buildings. Over looking the well kept communal gardens, with the seafront also just moments away. Due to the many amenities available on Church Road, which continues onto Western Road there is high footfall and passing trade.
Usage
The Use Classes Order of 1st September 2020 was introduced to cover commercial, business and service uses. Use Class E includes A1, A2, A3, B1 and some D1 & D2 uses.
Lease
Lease dated 3rd January 2018 for a term of 10 years expiring 19th October 2027. Passing rent ?55,000 per annum exclusive.
Rates
Rateable Value ?29,500 (2023/24).
VAT
We are advised that VAT is not chargeable on the rental
Council Tax Band: TBC
Useful Statistics In Your Area
We have collected some useful information to help you learn more about your area and how it may affect it's value. This could be useful for those already living in the area, those considering a move or a purchase of a buy-to-let investment in the area.
Property Location
Property Street View
Price History
Listed prices are those submitted to us and may not reflect the actual selling price of this property.
Date | History Details |
---|---|
08/09/2023 | Property listed at £925,000 |
06/08/2023 | Property listed at £1,100,000 |
Mortgage Calculator
Calculate the cost of a mortgage for your new home based on available data.
Get an Instant Offer
Looking to sell quickly. OneDome's Instant Offer service can get you a cash offer within 48 hours and money in the bank in as little as 7 days. Giving you speed and certainty.
Find the best Estate Agents
Need to sell and want the best agent? Compare your local agents from thousands nationwide. Get no-obligation quotes immediately just by entering your postcode.