Offers in Region Of £575,000

• Prime Freehold Investment For Sale
• Centrally Located
• Car Parking Available
• Well Established Business
• Income Producing with Self Contained 4 Bed Maisonette

DESCRIPTION The subject property is arranged over four floors, which is fully let and income producing. The ground floor and basement are occupied by Wimpy and have been recently refurbished with an annual income of £23,000. The restaurant benefits from 45 covers internally together with a seating area to the front of the property, providing a further 10 covers. The four bedroom maisonette is self contained from the rear and in addition there are 3 allocated parking spaces. This is currently available to let and the ERV is £1600pcm.

SITUATED within a popular location, being within walking distance to Portslade Railway Station with short commuting routes to Brighton & London. The property located on Station Road, Hove is connected to Boundary Road with its range of shopping facilities, cafes and restaurants. Local bus services also pass close by providing access to surrounding areas and the A27 is accessible via the Hangleton Link Road. 

RENT The property is let on a 15 year lease from December 2017. There are rent reviews and break clauses every 5th anniversary of the term. 

VAT We are informed that VAT is not applicable on the terms quoted. 

USE We understand the premises benefit from Class E use however, we would advise any potential tenant to check with the Planning Department to ascertain if their use is permitted.

LEGAL FEES Each party is responsible for their own legal fees in this transaction.

VIEWING Strictly by appointment with Sole Agents, Jacobs Steel.