Freehold Mixed Investment Ground Floor Commercial Unit With Self Contained 4 Bedroom Maisonette and 1 Bedroom Flat Producing £54,100 PA

The building is end terrace on the east side of Montefiore Road, A three storey building comprising a ground floor commercial unit, a 4 bedroom maisonette over the first and second floor, and a self contained 1 bedroom flat to the rear of the building. Situation The property is situated in central Hove and is surrounded by a variety of independent traders, Seven Dials and Brighton Mainline Railway Station are less than a mile away (London Victoria 58 minutes). Location Pin (What3Words): songs.elder.really https://w3w.co/songs.elder.really NB WE DRAW YOUR ATTENTION TO THE SPECIAL CONDITIONS IN THE LEGAL PACK, REFERRING TO OTHER CHARGES IN ADDITION TO THE PURCHASE PRICE. PLEASE ENSURE YOU READ THE SPECIAL CONDITIONS THOROUGHLY Tenure - Freehold Tenancies Commercial unit - Let on a 10 year lease from 8th July 2010, at a rent of £7,000 pa. ROOM 1 Let on an Assured Shorthold Agreement for 6 months, from 18th of August 2022, expires 17th February 2023 at a rent of £725 pcm. The tenant is holding over. ROOM 2 Let on an Assured Shorthold Agreement for 6 months, from 4th of March 2024, expires 3rd September 2024 at a rent of £675pcm. ROOM 3 Let on an Assured Shorthold Agreement for 6 months, from 13th of April 2022, expires 12th October 2022 at a rent of £625 pcm. The tenant is holding over. ROOM 4 Let on an Assured Shorthold Agreement for 6 months, from 22nd of December 2017, expires 21st June 2018 at a rent of £700 pcm. The tenant is holding over. 33a Let on Assured Shorthold Agreement for 6 months, from 1st July 2024, expires 31st December 2024, at a rent of £1,200pcm.

Lot Type

Freehold Mixed Commercial / Residential Investment

Accommodation

Maisonette (Top Floor) Open Plan Living Room - 4.46 x 4.33 Room 1 (first floor) - 3.18 x 3.06 En-suite - 1.83 x 0.88 Room 2 (first floor) - 2.9 x 2.8 Shared shower room – 1.97 x 1.46 Room 3 (second floor) – 3.45 x 2.37 Bed 4 (second floor) - 3.84 x 3.18 En-suite - 1.79 x 0.81 Total Floor Area - 104 sq.m. 33a (Ground Floor) Living Room - 4.3 x 3.3 Kitchen - 2.2 x 1.35 Bath/WC - 2.2 x 1.32 Bedroom - 2.6 x 4.5 Hallway - 1.03 x 3.18 Total Floor Area - 41 sq.m. Commercial unit Ground Floor Retail Zone A – 39.7 sq.m. wc - Council Tax 33 - Band B 33a - Band B Rateable Value - £7,300 EPC Rating - Maisonette - D 33a – C Commercial unit - D

Additional Fees

Administration Charge - Purchasers will be required to pay an Administration fee of 0.5% (inc VAT) of the sale price, subject to a minimum of £1,500 (£1,250 plus VAT)

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.