96 Goldstone Vill 313 sq ft Retail Property Hove BN3 3RU £165,000 (£527.16/sq ft)

The property comprises the freehold interest of this attractive building. 4 flats above & an office building to the rear have been sold off by way of long leasehold interests, whilst our client has retained the freehold interest & a long leasehold interest of the ground floor for a term of 999 years from 2022 which is what we are offering. Under our clients long leasehold interest they have let the ground floor shop for a term of 4 years from 24 June 2026 to a private individual at a rent of £11,250 per annum exclusive
Offers are invited in the region of £165,000 for the freehold interest along with their long leasehold interest of the ground floor shop unit. A purchase at this level based on the income of £12,200 per annum would show a gross yield of 7.4% & a net yield of 7.25%