For Sale

74 Goldstone Road,
Hove,
East Sussex,
BN3

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Development, Investment

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Features
  • Residential Freehold Investment
  • Located in popular Central Hove location
  • Mid terrace period building
  • Arranged as 3 x 1 bed flats
  • Offers invited in the region of £650,000

Location

The subject property is located in a mainly residential area on Goldstone Road. Hove Railway Station is located close by. There are also frequent buses providing easy access to Brighton City Centre

Location pin (what3words) : grants.roof.softly
https://what3words.com/grants.roof.softly

Description

Investment Opportunity
Freehold For Sale

Accommodation

The mid terraced building comprises three separate one bedroom residential flats.

The lower ground flat is a self-contained garden flat

The ground and first floor flats both share access and have a communal hallway.

There is additional unutilised loft space (unseen). It appears from other properties on the road that some have extended into this space.

Planning

A new Use Classes Order (UCO) came into effect on 1st September 2020. Under the new UCO a new Use Class E was introduced to cover commercial, business and service uses. Use Class E encompasses A1, A2, A3, B1 and some D1 and D2 uses under the former UCO. We therefore understand that the premises benefit from Class E 'Commercial Business and Service' use within the Use Classes Order 2020.

Interested parties should make their own planning enquiries and satisfy themselves in this regard.

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

We understand that each dwelling is currently occupied by way of an Assured Shorthold Tenancy (AST) agreements as set out below:

Ground floor flat: £835 (pcm)
Lower ground floor flat: £735 (pcm)
First floor flat: Currently vacant

We believe there is the potential to increase the income further through improving the quality of the units and reviewing the rents.

We have been instructed to seek offers in the region of £650,000 (six hundred and fifty thousand pounds) for our client's freehold interest.

Energy Performance Rating

All flats represent a rating of an E.

Will Thomas

01273 740398 Email