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AGENT'S DETAILS


Connaught House

For sale: £700,000.00|205 Sq M|Land, Commercial Land

PROPERTY DETAILS

FOR SALE£700,000.00
SIZE205 Sq M
ADDRESSConnaught House, 27 Sackville Road, Hove, BN3 3WA
TYPELand, Commercial Land
TENUREFor Sale Freehold
POSTED ON22nd February 2021

DESCRIPTION

Key Points

  • Freehold D1 unit at ground floor with maisonette above (3 rooms, kitchen and bathroom)
  • Ground floor let at £13,500 per annum on a lease due to expire 07/03/2025
  • Maisonette let at £16,727 per annum on an Assured Shorthold Tenancy agreement
  • Planning consent to split maisonette into two self contained flats: 1 x 2 bed (59.9m2) and 1 x 1 bed (53m2)
  • Planning to convert ground floor D1 unit into a self contained 2 bed (64.9m2)
  • Summary

    Freehold investment/development opportunity, located in the affluent town of Hove.

    Description

    Freehold investment/development opportunity, located in the affluent town of Hove. Potential to add considerable value through re-development and asset management. The site has planning consent for 3 self contained apartments. Currently comprises of an Optometric Practice at Ground floor level and a maisonette on the first and second floors. Total income of £30,228 per annum.

    LOCATION

    Location: Connaught House, 27 Sackville Road, Hove, BN3 3WA

    Aldrington (0.4 miles)

    Hove (0.4 miles)

    Portslade (1.2 miles)

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