The property is located in a small parade between the main seafront road and Church Road Hove, the parade consists of a beauty rooms, convenience store, window / glazing company, several restaurants and takeaways and is a short distance from the city centre.
Internally the property consists of an open plan office space rear meeting room space, kitchenette and W.C it comes fitted with cat 2 lighting, fully carpeted & central heating.
The property is held on a long-leasehold basis with around 123 years left on the lease, the current annual ground rent payable is £200pa.
It is currently let at a passing rent of £15,000pa to QED Structures Ltd with a personal guarantee in place. The term is from and including the 5th November 2015 until 4th November 2025 with the next rent review due on 5th November 2020.
The property has the following approximate internal areas:
Office space: 72.1msq / 775.80sq.ft
Kitchenette: 3.42msq / 36.80sq.ft
Total floor area: 94.36msq / 812.sq.ft
Offers are invited in the region of £250,000 for the remainder of long-leasehold interest, subject to the existing tenancy in place to QED Structures ltd.
Each party will be responsible for their own legal costs in relation to this transaction, however an undertaking will be required for the vendor’s costs should the transaction be aborted these will then be payable.
An EPC report is available, for all interested parties to view on request.
May be chargeable on this transaction, interested parties must make their own enquiries to confirm.