Property photos
Offers in region of
£185,000
(£237.79/sq. ft)
Property for sale
3 Victoria Terrace, Hove BN3Local area information
Property location
Nearby amenities
- St Andrew's CofE (Aided) Primary School 0.4 miles
- St Christopher's School 0.4 miles
- Hove 0.7 miles
- Aldrington 0.8 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Read our area guide for Hove to find out more about the local area.
Features and description
- Freehold
- Retail Investment
- Freehold
- Recently completed Lease
- Desirable Hove Seafront Location
- Ground Floor and Basement
- 7.14% Net Yield
- Estimated Rates Payable: £3443.1
Comprising a retail unit that has recently been let & refurbished as a beauty salon arranged over ground floor & basement. The freehold of the property is available which is stand alone from the building situated behind. A freehold retail investment comprising Ground and Lower Ground floors with the benefit of a new lease from (offering an initial yield of more than 7%), with a review on the 5th anniversary.
Location
Located on Victoria Terrace, Hove on the southern side of the main seafront road. Nearby occupiers include Sugardough, and The Co-Op, with central Hove just a short walk to the north where operators such as Gails Bakery & Pizza Express are situated.
Terms
The freehold interest is available to purchase for the sum of £185,000 with the benefit of the existing lease to Huyen Thi Thu Chu 29th November 2024 for a term of 10 years with provision for a 5 year rent review & a tenant only break on the 5th anniversary subject to 6 months written notice at a passing rent of £13,500pax. A Purchase at the suggested level would show a net yield of 7.14%.
Aml
The normal id & proof of address will be required from all parties in the transaction.
Floor plans and tours
Floor plans (1)
1 floor plan available
View the floor plan to understand the space and layout of this property.
More information
Listed by
Eightfold Property - Brighton
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