Montgomery Street, Hove

A rare opportunity to acquire a freehold two storey commercial property in the popular Poets Corner area of Hove. The property is currently let on licences producing £24,900pa with two of the six lettable units vacant. The ERV when the building is fully let is £45,300pa. The large first floor space, which was previously let at £17,400pa, is now vacant and offers an owner occupier the opportunity to occupy this space and collect rent from the rest of the building, or for an investor to split the space in to smaller rooms. The adjacent property within the mews has planning consent for conversion to a mix of residential and Class E space therefore, there is the opportunity for a similar scheme here, subject to planning. For further details, please contact Nicholas James.