FREEHOLD INVESTMENT
FREEHOLD INVESTMENT 118 CHURCH ROAD, HOVE BN3 2EA LOCATION: The property forms part of a parade of retail units located on the southern side of Church Road, Hove’s main commercial thoroughfare, which is occupied by a variety of restaurants, bars, shops and estate agents. Hove mainline railway station is a short walk away to the north, whilst frequent bus services run from Church Road to Brighton City Centre. Nearby occupiers includes HSBC Bank, Bagelman, Fox & Sons and Thomas Cook. DESCRIPTION: The property comprises A3 café premises currently trading as Shamdiz and arranged over ground, basement and first floors. The property has been well fitted and has traded as A3 premises for a number of years. ACCOMMODATION: The accommodation has the following approximate dimensions and areas: Gross Frontage Net Frontage Ground Floor Disabled WC First Floor Kitchen First Floor Store First Floor Changing Room Basement Store & Office Not Inspected Male & Female WC’s
IMPERIAL METRIC 20’11” 6.37m 18’5” 5.61 m 1,137 sq ft 105.62 m 493 sq ft 83 sq ft 48 sq ft 680 sq ft
45.80 sq m 7.71 sq m 4.46 sq m 63.2 sq m
LEASE:
ENERGY PERFORMANCE CERTIFICATE: Certificate Ref Number:0810-0030-3649-6525-6002 The energy efficiency rating for this property is D /89. A full copy of the EPC can be viewed at: www.ndepcregister.com PRICE : Offers are invited in excess of £700,000 subject to the existing tenancy. A purchase at this level would provide a net yield of 5.135% taking into account purchaser’s costs of 5.3% RATEABLE VALUE: £30,000
The property is held under the terms of a 25 year lease from May 1999 subject to review every 5 years of the term. Next review, May 2019. The lease is full repairing and insuring.
VAT :
TENANT:
We are advised that the vendors have not elected to opt for tax and as such VAT is not payable on the purchase price. Solicitors to confirm.
The current tenant is Ashkan Zahedin (by assignment). VIEWING : TOTAL INCOME : £37,850 per annum exclusive By prior appointment and courtesy of the tenant through sole agents Carr and Priddle on 01273 208010.
118 Church Road Hove
50 metres
Experian Goad Plan Created: 02/10/2017 Created By: Carr And Priddle
Copyright and confidentiality Experian, 2017. © Crown copyright and For more information on our products and services: database rights 2017. OS 100019885 www.experian.co.uk/goad | [email protected] | 0845 601 6011
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IMPERIAL METRIC 20’11” 6.37m 18’5” 5.61 m 1,137 sq ft 105.62 m 493 sq ft 83 sq ft 48 sq ft 680 sq ft
45.80 sq m 7.71 sq m 4.46 sq m 63.2 sq m
LEASE:
ENERGY PERFORMANCE CERTIFICATE: Certificate Ref Number:0810-0030-3649-6525-6002 The energy efficiency rating for this property is D /89. A full copy of the EPC can be viewed at: www.ndepcregister.com PRICE : Offers are invited in excess of £700,000 subject to the existing tenancy. A purchase at this level would provide a net yield of 5.135% taking into account purchaser’s costs of 5.3% RATEABLE VALUE: £30,000
The property is held under the terms of a 25 year lease from May 1999 subject to review every 5 years of the term. Next review, May 2019. The lease is full repairing and insuring.
VAT :
TENANT:
We are advised that the vendors have not elected to opt for tax and as such VAT is not payable on the purchase price. Solicitors to confirm.
The current tenant is Ashkan Zahedin (by assignment). VIEWING : TOTAL INCOME : £37,850 per annum exclusive By prior appointment and courtesy of the tenant through sole agents Carr and Priddle on 01273 208010.
118 Church Road Hove
50 metres
Experian Goad Plan Created: 02/10/2017 Created By: Carr And Priddle
Copyright and confidentiality Experian, 2017. © Crown copyright and For more information on our products and services: database rights 2017. OS 100019885 www.experian.co.uk/goad | [email protected] | 0845 601 6011
PoweredbyTCPDF(wwwct.pdo .frg)
