Property For Sale Connaught House

AGENT'S DETAILS

PROPERTY AGENT
Reuben Barnard

SHOW PHONE NUMBERCALL AGENT020 77947788 GET IN TOUCH

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 3WAGBBrighton & HoveBN3 3WA27, Sackville Road

Aldrington (0.4 miles)

Hove (0.4 miles)

Portslade (1.2 miles)

Units

Currency