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33 Montefiore Rd 427 sq ft Retail Property Hove BN3 1RD £740,000 (£1,733.02/sq ft)
Investment Highlights
- To the ground floor rear is a self-contained 1x bedroom flat let for £1,200pcm, the uppers parts are arranged as a 4x Bedroom HMO
- The property comprises of a ground floor commercial unit currently let on a new 5 yr FRI lease for £16,000pa from October 2025.
- The total combined gross income for the building is £61,900 per annum with an approximate net income of £54,700pa
- The property is located on the corner of Montefiore Road and Addison Road, Hove just across from the Montefiore Hospital
Executive Summary
Offers are invited in the region of £740,000 for the freehold interest, subject to the existing tenancies in place. Offers are invited in the region of £740,000 for the freehold interest, subject to the existing tenancies in place.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront Retail / Residential
Property Size
427 sq ft
Costar Property Class
C
Year Built
1966
Price
£740,000
Price per sq ft
£1,733.02
Tenancy
Single
Number of Floors
3
Plot ratio
0.36
Total Plot Size
0.03 ac
Amenities
- Storage Space
1 1
Nearby Major Retailers
1 of 3
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33 Montefiore Rd
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