Under Offer

59 Church Road,
Hove

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Investment, Offices, Retail and Leisure

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Features
  • Mixed use freehold opportunity
  • Available with vacant possession on upper floors
  • Self-contained ground floor unit
  • Central Hove location
  • Rear garden
  • Offers invited in excess of £675,000
  • Mixed use Class E & residential
  • BEST BIDS BY 3PM FRIDAY 23RD APRIL
  • Central Hove Investment Opportunity Mixed Use Retail, Office and Residential Building

Location

The property is situated in Hove, on the northern side of Church Road, near to Palmeria Square and is located between the seafront and Sussex County Cricket Ground. Numerous bus routes pass along Church Road and there is pay and display parking on the opposite side of the road and side various side roads. Hove railway Station is located to the north just a short walk away.

Church Road is a popular retail street in central Hove, home to a high number of cafes, bars and restaurants, as well as various professional and financial services with a mix of office and residential occupiers above.

Description

Central Hove Investment Opportunity
Mixed Use Retail, Office and Residential Building

https://www.flude.com/59-Church-Road-Hove

BEST BIDS BY 3PM FRIDAY 23RD APRIL

Accommodation

The property comprises of a 5 story (including lower ground floor) mid terraced period building. The ground and lower ground floors are self-contained and are currently let. The upper floors (first, second and third floors) are again self-contained and offered with vacant possession.

The occupied ground floor comprises an attractive high ceilinged ground floor shop with stairs leading up to a rear mezzanine office and further office at the rear of the building. The basement offers a kitchen, two WCs and access to storage.

The currently unoccupied upper floors offer office accommodation over the first and second floors and a basically decorated one bedroom flat arranged over the third floor.

Planning

Interested parties are advised to make their own enquiries to satisfy themselves in respect of planning issues.

The property is located within The Avenues Conservation area.

Data room documents can be located here: https://www.flude.com/59-Church-Road-Hove

VAT

Rents and prices are quoted exclusive of, but may be subject to VAT.

Legal Fees

Each party to bear their own legal costs incurred.

Terms

Offers invited in the excess of £675,000 (Six Hundred and Seventy Five
Thousand Pounds) for the freehold interest.

BEST BIDS BY 3PM FRIDAY 23RD APRIL

Rateable Value / Council Tax Band

Basement & Ground Floor Ratable Value 2017: £11,000
1st Floor Ratable Value 2017: £9,300
2nd Floor Front Ratable Value 2017: £3,250
2nd Floor Rear Ratable Value 2017: £1,070

As the RV is below £12,000 we believe 100% small business rate relief is possible.

Energy Performance Rating

We understand the lower ground to 2nd floors to have an EPC rating of E
(113).

We understand the third floor flat to have an EPC rating of D (63).

From April 2018 MEES makes it unlawful to let commercial properties with an EPC Rating of F or G, which are the lowest two grades of energy efficiency. Any buildings with an F or G rating will need to be 'brought up to standard', with the onus for this falling to the Landlord, and not the Tenant, with severe penalties if this is not done.

Will Thomas

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