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Boundary Road, Hove

Hove
For sale by auction

Guide price

£700,000
LOT SOLD

About this property

Property Summary

FOR SALE BY AUCTION on 25th February 2026

THE PROPERTY HAS NOW BEEN SOLD PRE AUCTION SUBJECT TO CONTRACT

Auction Guide £700,000

Significant high yielding freehold investment let to Iceland Foods Ltd on a new 5 years lease (break clause at the end of the third year) at a passing rent of £56,000 per annum providing for an impressive 8% return.

Over two floors that provide for approximately just over 7,750 square foot, the main shopping area occupies the entire ground floor whilst the first floor includes storage and staff facilities. There is also a lift serving both floors.

Subject to the usual required consents, it is considered that development of the flat roof may be suitable for the future inclusion of flats.

Situated within this highly popular and sought after location of Boundary Road. With a vast amount of daily passing footfall, the property is adjacent Portslade mainline railway station and bus services.

Other local business both benefit and compliment.

Please note fees are payable in respect of the sale of this property, please refer to Auctioneer for details.

ALL MEASUREMENTS AND FLOORPLANS ARE APPROXIMATE, FOR ILLUSTRATION/GUIDANCE PURPOSES ONLY AND ARE NOT TO BE RELIED UPON.

Property Features

Property Features

  • For Sale By auction on 25th February 2026
  • Significant Freehold Commercial Investment with Potential
  • Let to Iceland on a New 5 Year Lease at 56,000 Per Annum
  • Possible Development Potential in Respect of Flats Being Built on the Flat Roof SPP
  • Outstanding High Street Location
  • High Yielding Return at 8 Percent Per Annum
  • Lift
Register to bid

Auction date and time

24th June 2026

Auction location

The Hove Club
28 Fourth Avenue
Hove
East Sussex
BN3 2PJ

Let's Talk

Lot and auction information, viewings and advice

Simon Caplin, Head of Auctions

Simon Caplin

Tel:
01273 762039

Email:
simonc@psandb.co.uk

Lucy

Lucy Rowland

Tel:
01273 762039

Email:
lucyr@psandb.co.uk

Important notice – Pre-registration approaval to bid, guide prices, reserves, additional charges and other matters

Pre-registration approval to bid
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Following approval to bid, the buyer named in your registration cannot be changed without consent (for which a charge might be made).

Guide Prices

  1. A guide price (to include a range of prices), is not an indication of the anticipated eventual selling price or a valuation; it is an indication of the minimum price ( “the Reserve” ) at which (or range of prices within which) the seller might be prepared to sell. The eventual sale price can and frequently does, exceed the guide price.
  2. Where a range is given, the Reserve will sit within that range and will not exceed the top end of the range. Where a single figure Guide Price is given, the Reserve will be within 10%, upwards or downwards, of that figure.
  3. The guide price may be subject to change up to and including the day of the auction. The latest published guide price (or range of prices) is displayed on our website and you should check the website regularly for updates and on the day of the auction.
  4. All guide prices are quoted “subject to contract”.
  5. Please note the guide price for the Lot does not include:
    – any Buyers’ Fee charged by the auctioneers;
    – VAT on the sale price;
    – SOLT or any other Government taxes;
    – additional costs and fees charged by the seller or third parties that might apply to some Lots and/or some buyers.
  6. If a guide price is listed as “TBA”, it means no guide price has been set at present. Please do not call our office about this – the guide price, or range of prices, will be published online immediately it becomes available and you should check the auction website regularly for updates and on the day of the auction.

Reserve Prices
The reserve price is the minimum price at which the Lot can be sold.

For more information see Important Notes for Bidders

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