123 Church Road, Hove East Sussex, BN3 2AF Investment / Development / Owner occupier opportunity in Central Hove. Self contained ground floor shop & basement and self contained offices to the 1st & 2nd floors with prior approval notice served to convert to 5 bed residential accommodation.
Agency | Lease Advisory | Management | Valuation | Rating | Investment | Development 123 Church Road, Hove, East Sussex, BN3 2AF
Key Features • Suit owner occupier, investor or developer • Popular central Hove location • Freehold for sale with offers in the region of £1 million Location The property is located on the northern side of Church Road very close to its junction with George Street (which is predominantly pedestrianised and the principal shopping area within Hove).
Church Road is the main commercial thoroughfare in Hove where a variety of national and independent retailers, as well as many restaurants, are represented. Brighton city centre lies within close proximity to the east, whilst Hove Lawns, the seafront, Hove Station and the Sussex County Cricket Ground are all within a ten minute walk. Hove Station, with a direct connection to London Victoria, in 800 meters directly north of the property.
Accommodation The property comprises a mid terraced period building. The ground and basement floors provide a self contained shop, restaurant unit with front and rear access.
The upper parts provide attractive office accommodation arranged over 1st and 2nd floors with separate self contained access to the rear. We have measured the existing accommodation to have the following approximate Net Internal Areas:
Floor Sq m Sq ft Lower ground (retail) 51.34 553 Ground (retail) 88.91 957 Upper parts (offices) 110.55 1,190 Total 250.80 2,700
Offices in Brighton, Chichester and Portsmouth 123 Church Road, Hove, East Sussex, BN3 2AF
Offices in Brighton, Chichester and Portsmouth 123 Church Road, Hove, East Sussex, BN3 2AF
Existing floor plans
Lower ground Ground First Second
Offices in Brighton, Chichester and Portsmouth 123 Church Road, Hove, East Sussex, BN3 2AF
Plans showing proposed residential conversion of upper floors
Offices in Brighton, Chichester and Portsmouth 123 Church Road, Hove, East Sussex, BN3 2AF
Planning / Development potential Terms The ground and lower ground floors have been used for many years for A3 & A5 Offers are invited in the region of £1 million. purposes. The upper parts have been used for many years for B1 office purposes. Prior Approval (ref:BH2019/03549) has been served on Brighton & Hove City EPC Council to convert the upper floors to a 5 bed residential dwelling. The application E (109) is due to be determined by 27 January 2020. Plan and CGI images of the proposed residential scheme are included within these details. Legal Fees Please note that whilst we endeavour to confirm the prevailing approvedplanning use for properties we market, Each party to bear their own legal costs incurred. we can offer no guarantees in this regard. Planning information is stated to the best of our knowledge. Interested parties are advised to make their own enquiries to satisfy themselves in respect of planning issues VAT Rents and prices are quoted exclusive of, but may be subject to VAT. Lease to the ground and lower ground floors The ground and lower ground floors are let to Fuel Eatery Ltd on a full repairing Viewings and Further Information and insuring lease for a term of 10 years from 6 May 2016. The passing rent is Strictly by appointment through the sole agents Flude Commercial incorporating £35,000 per annum exclusive. Garner Wood: The lease contains a tenant only break option and an upward only rent review, at For further information please contact: the end of the 5th year (May 2021). Will Thomas / Andrew Halfacree Email: [email protected] / [email protected] Opportunity Telephone: 01273 727070 The property provides various opportunities as follows: • For an investor to let the offices and retain as an income earning investment. We are of the view that the offices should command a rent in the region of £20,000 per annum. A total rent in the region of £55,000 per annum is therefore possible.
• For an office based business to purchase the building and to locate their Flude Commercial for themselves and for the vendors or lessors of this property whose agents they are give notice business to the upper floors and take the benefit of the income from the that: i) these particulars are set out in good faith and are believed to be correct but their accuracy cannot be ground and lower ground floors. guaranteed and they do not form any part of any contract; ii) no person in the employment of Flude Commercial has any authority to make or give any representation or warranty whatsoever in relation to this property. • For a developer/investor to undertake the residential conversion of the upper floors and either sell or let the completed maisonettes.
Offices in Brighton, Chichester and Portsmouth 123 Church Road, Hove, East Sussex, BN3 2AF
CGI images of the proposed residential scheme
Offices in Brighton, Chichester and Portsmouth 123 Church Road, Hove, East Sussex, BN3 2AF
Location Maps
Boundaries shown are for identification purposes only Offices in Brighton, Chichester and Portsmouth