Description

Location
The property is situated in the popular Poets Corner area of Hove, on the corner of Coleridge Street and Sheridan Terrace, it occupies a prominant end of terrace position, in an area consisting of mostly residential properties and is a short distance from Hove railway station.

Description
The building comprises of a ground floor pizza takeaway, with retail area, prep area and kitchen along with a rear garden space and patio. The 1st floor is arranged with two bedrooms, office space, living room, kitchen, bathroom and seperate W.C

The property is currently let for £15,000pa on a 9 year lease from 23/11/2010 expiring on 22/11/2019 with an outstanding rent review from 23/11/2016.

**Agents Note: STPC and vacant possession being obtained, it is considered the property has re-development potential.

Dimensions
Floor plans for the property are available on request.

Freehold
Offers are invited in the region of £400,000 for the freehold interest in the property, subject to the existing lease.

Business Rates
We are advised that the commercial element of the property has a rateble value of £4,203. Interested parties are advised to contact the local authority to confirm the rates payable.

Legal Costs
Each party will be responsible for their own costs incurred in relation to the transaction.

EPC
An EPC is available for interested parties to view on request.

VAT
May be chargeable on this transaction, interested parties must make their own enquiries to confirm.

Viewing
Strictly by appointment with SOLE AGENTS, PARSONS SON AND BASLEY

  • Mixed use property
  • Income producing investment
  • Re-dvelopment potential (STPC)
  • Poets Corner area of Hove