The building forms part of a terrace on the South side of Church Road close to the junction of Sackville Road. A 5 storey building comprising a ground floor commercial unit, with 4 self contained flats which are accessed via a separate entrance to Church Road.
At the time of going to print, the Auctioneers have not been able to fully inspect the property internally, so cannot confirm the condition or layout of the lower ground floor flat or flat 2.
Location
Church Road is situated in central Hove and is populated by many well established independent traders, includinig restaurants, bars and coffee shops. Numerous buses serve the area and Hove Railway Station is within walking distance.
Accommodation
FLAT 1 - (2 Bedroom Flat) - 56 sq.m.
FLAT 2 - (2 Bedroom Flat) - 52 sq.m.
FLAT 3 - (2 Bedroom Flat) - 59 sq.m.
TOTAL FLOOR AREA - 237 sq.m.
Specification
COMMERCIAL UNIT
Let on a 7 year lease from 1st September 2022, with tenant break clause on the fourth anniversary of the lease (2026). The rent is £16,000pa, 3 years upward only rent review - due September 2025.
LOWER GROUND FLOOR FLAT
Let on an Assured Shorthold Agreement for 12 months, from 16th March 2022, expired 15th March 2023, at a rent of £1,220pcm. The tenant is holding over.
FLAT 1
Let on an Assured Shorthold Agreement for 12 months, from 9th September 2024, expiring 9th September 2025, at a rent of £1,400pcm.
FLAT 2
We have been informed by the owner flat 2 is let on an Assured Shorthold Agremeent. A copy of the AST agreement has been uploaded to the legal pack.
FLAT 3
Let on an Assured Shorthold Agreement for 6 months, from 19th January 2015, expired 18th July 2015, at a rent of £925pcm. The tenant is holding over.