3 Victoria Terrace, Hove, BN3 2WB
778 Sq Ft / Other / Investment
For Sale
- £185,000.00
Under Offer - Last updated: 17 April 2025
Summary
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.
Key Points
Retail InvestmentFreeholdRecently completed LeaseDesirable Hove Seafront LocationGround Floor and Basement7.14% Net Yield
AML
The normal ID & proof of address will be required from all parties in the transaction.
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%.
Property Quote Price(s)
| Description | Sale type | Guide price | Price type |
| |
For Sale Freehold
|
£185,000.00
| NA |
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