Church Road, Hove

A substantial commercial investment spanning two interconnecting buildings in a prime central Hove location. The property is arranged as retail over ground floor and basement with three floors of offices above and parking to the rear. The building is currently producing £79,800pa but offers various asset management opportunities to reconfigure the space, let the vacant units, and increase the current rents.

Tenancy Schedule
96 Church Road Ground Floor and Basement let at £23,000pa on FRI terms
96-98 Church Road First Floor let at £26,400pa on an inclusive rent
96 Church Road Second Floor Front and Rear Rooms currently Vacant (formerly occupied by the seller)
98 Church Road Second Floor Front Room let at £8,400pa on an inclusive rent
98 Church Road Second Floor Rear Room let at £6,000pa on an inclusive rent
96-98 Church Road Third Floor let at £16,000pa on FRI terms
Parking Spaces rear of 96 Church Road currently Vacant

Location
The property is situated close to the junction of Church Road and Fourth Avenue, opposite Hove Town Hall and close to several well-regarded local and national occupiers including Pizza Express, Sainsbury's Local, and Real Patisserie.

Tenure
The seller owns the freehold interest in 96 Church Road and the remainder of a 999 year lease of the three upper floors in 98 Church Road. The retail unit occupied by Leaders and parking spaces at the rear of this property are retained by the freeholder.

Both 96 and 98 Church Road are Grade II Listed.

VAT
The property is not elected for VAT.