Ground Floor Retail Unit, 172 Church Road, Hove, East Sussex, BN3 2DJ
- PROPERTY TYPE
Retail Property (high street)
- SIZE
Ask agent
Description
*Guide Price £100,000
Long Leasehold Commercial Investment In Central Hove Producing £9,000 Per Annum
Description
Long leasehold ground floor, commercial unit located on Church Road, Hove. The commercial unit is let under a licence agreement to 'Wholesale Wood Flooring LTD' at a current rent of £9,000 per annum. The Licence agreement terminated 14th April 2022. The occupier is holding over.
Situation
Ground Floor 172 Church Road, forms part of a terrace of properties in the busy thoroughfare on the South side of Church Road. The area is populated by many well established independent traders, including restaurants, bars and coffee shops. Numerous buses serve the area and Hove Railway Station is within walking distance.
Location Pin (What3Words): rewarding.smiles.sings
Accommodation
Retail area - 16.8 sq m
W/C
Total Floor Area - 19 sq m
<NB WE DRAW YOUR ATTENTION TO THE SPECIAL CONDITIONS IN THE LEGAL PACK, REFERRING TO OTHER CHARGES IN ADDITION TO THE PURCHASE PRICE. PLEASE ENSURE YOU READ THE SPECIAL CONDITIONS THOROUGHLY
Rateable Value - £5,400
Tenure - Leasehold - 125 year lease from the 25th March 1980 - (approximately 81 years remaining). The ground rent payable to the Freeholder is £10pa.
Tenancy
Let on a licence agreement from the 15th April 2021at a rent of £9,000 per annum.
EPC Rating - E
Brochures
Legal DocumentsGround Floor Retail Unit, 172 Church Road, Hove, East Sussex, BN3 2DJ
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Hove Station0.6 miles
- Aldrington Station0.6 miles
- Portslade Station1.3 miles
About the agent
Austin Gray, Auction House Sussex
Austin Gray LLP, 37 Vernon Terrace, Brighton, BN1 3JH
Auction House Sussex & Hampshire is one of the largest property auctioneers in the South of England. Operated by Estate Agency Austin Gray, we have more than 40 years' experience selling properties at auction.
Through our extensive market knowledge and proactive marketing, we are highly regarded for selling residential investment properties locally.
Each year we hold in excess of seven live stream and multiple online auctions. Our team sell a significant number of lots in the Brig
Industry affiliations
Notes
Disclaimer - Property reference 250933. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Austin Gray, Auction House Sussex. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Austin Gray, Auction House Sussex on 01273 109784.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”
Map data ©OpenStreetMap contributors.