Description

Location
The property is situated in an excellent position in Nevill Road which is a popular residential area, close to local amenities, Hove Park and Goldstone retail park is also nearby, there are frequent buses in the area, as well as easy access to the A23/A27 and main A259 coast road running along the seafront, Hove train station is also just 1 mile away.

Description
The freehold of the property comprises of two shops and two maisonettes as well as the external forecourt, with the additional benifit of having street car parking directly outside the property. The Maisonette 190a is sold off on a long lease with peppercorn ground rent.

One Stop have a 25 year lease which expires in April 2020, with passing rent of £24,500pa they occupy both shops and sub-let the maisonette 188a which is self-contained.

Size
Shop 188-190 – 1,488sq.ft / 138.29sqm
Maisonette 188a – 1,183.60sq.ft / 110sqm

Freehold
Offers are invited in the region of £490,000 for the freehold interest in the property, subject to the existing lease on the building.

Business Rates
Interested parties are advised to contact the local authority to confirm the rates payable, we are advised the rateable value on the property is £21,750

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

EPC
EPC’s are 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