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312 Portland Rd 592 sq ft Retail Property Hove BN3 5LP £130,000 (£219.59/sq ft)

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INVESTMENT HIGHLIGHTS

  • Freehold Investment
  • Close to local amenities
  • Prominent location

EXECUTIVE SUMMARY

The ground floor premises trading as a launderette is let on a commercial lease to McCanns Launderettes Limited on a term of 12 years from 13 March 2024 at a rent of £10,312 with rent reviews in 2028 and 2032. There are 2 guarantors in place.

PROPERTY FACTS Sale Pending

Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront Retail / Residential
Property Size
592 sq ft
Costar Property Class
C
Year Built
1910
Price
£130,000
Price per sq ft
£219.59
Tenancy
Single
Number of Floors
3
Plot ratio
0.19
Total Plot Size
0.07 ac
Parking
3 Spaces (5.07 Spaces per 1,000 sq ft Leased)
Frontage
18 ft on Portland Rd

AMENITIES

  • Bus Route
  • Security System
  • Signage
  • Storage Space

NEARBY MAJOR RETAILERS

Morrisons
Sainsbury's
Tesco
Iceland
Costa Coffee
Santander
Co-op
Tesco Superstore
The Gym Group
Caffè Nero
  • Listing ID: 35752300

  • Date on Market: 06/05/2025

  • Last Updated:

  • Address: 312 Portland Rd, Hove BN3 5LP

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