Offers over
£750,000
(£228/sq. ft)
5 bed terraced house for saleBlatchington Road, Hove BN3
5 beds
3,296 sq. ft
Added on
Nicholas James
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About this property
Mixed-Use Investment
Producing £64,400pa
Well-established Laundrette
5 Bedroom HMO
A substantial mixed-use investment situated in a popular Hove location. The property is arranged as a well-established laundrette over ground floor and basement with a separate 5 bedroom HMO over the two upper floors. The laundrette is let at £20,000pa on a 20 year lease from October 2022 with 3 yearly rent reviews. The HMO is let as 5 individual tenancies and produces a gross rent of £44,400pa, meaning a combined annual income of £64,000pa for the building.
There is possible scope to extend further in to the roof space, although buyers are advised to make their own enquiries if they wish to pursue this option in the future.
The property is situated in a popular Hove location, close to Hove railway station, Church Road, and the seafront.
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