TYPEMixed Use, Other, Other Property Types & Opportunities
TENUREFor Sale Freehold
POSTED ON30th September 2019
**Unsold, but is available at £315,000**
Freehold mixed-use investment with dry cleaners and 3-bed maisonette above
The property forms part of a parade of shops which have commercial units on the ground floor and flats above. This particular property has the benefit of a double width dormer in the roof to accommodate two extra bedrooms. In addition the shop has been extended at the rear.
The property is part of a parade on a busy thoroughfare which links West Hove and Portslade to the A27. A regular bus service operates along this road.
Ground Floor A1 commercial unit let to the same tenant for 38 years and operated as a dry cleaners. The fixed term of the lease has come to an end but the tenant is holding over. Rent £10,000pa. GIA 940sqft (87.4sqm)
216A Maisonette Accessed by it's own street entrance. Gas central heating.
First Floor Living room 13'11 x 11'10 (4.25m x 3.6m) Bedroom 1 13'10 x 12'2 (4.22m x 3.72m) Kitchen 12'10 x 10'11 (3.65m x 3.32m) Bathroom
Second Floor Bedroom 2 12'2 x 10'11 (3.7m x 3.32m) Bedroom 3 14'2 x 10'6 (4.33m x 3.2m) Eaves storage Total area 1442sqft (134sqm)
This flat will be sold with vacant possession but was up until very recently let at £1050pcm.
Energy Efficiency Rating (EPC)
Current Rating D
Administration Charge - Purchasers will be required to pay an Administration fee of 0.3% (0.25% plus VAT) of the sale price, subject to a minimum of £660 (£550 plus VAT)
Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.