13 bedroom terraced house for sale

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13 bedroom terraced house for sale

Western Road
£2,500,000

Our Summary

  • The property is currently let and producing £193,100pa with potential to let the vacant garage/workshop to immediately increase the initial income
  • There is development potential to add further residential units on the flat roof section at the rear of the property, subject to obtaining the usual planning consents

Description

This substantial freehold property in a prime central location is an investment opportunity that comprises two retail units, nine flats, and a vacant garage/workshop. The property is currently let, generating an annual income of £193,100, with the potential to increase this figure by letting the vacant garage/workshop. The retail units are occupied by Prominence Property and Jade Chinese Restaurant, with the latter's lease running for another 14 years. The flats are let to various tenants, with the majority having leases in place until 2026 or later. There is also potential for development, as the flat roof section at the rear of the property could be used to add further residential units, subject to obtaining the necessary planning consents. The property is situated close to Brunswick Square, Hove seafront, and a range of independent and national occupiers.