Property for sale

Western Road, Hove, BN3 2JQ

01273 283606

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0 bath

Property description & features

Tenure: Freehold
Freehold For Sale
Currently Producing £55,000pa
Over 3300sqft
Arranged Over Three Floors
Prime Central Hove Location
Currently Let To Restaurant
Lease Until 2027
Vacant Possession
All Items Included

Council tax band: TBC

An opportunity to acquire the freehold of a well maintained commercial premises in prime central Hove location.

The property is currently tenanted by a well established restaurant with a lease until October 2027, currently producing £55,000 per annum.

The property is in excellent decorative order through out and comprises of a large dining room with bar on the ground floor. Heading to the first floor you will find further seating and another bar which can be hired for functions. On the second floor there are several rooms used for storage / office space.

On the lower ground floor you will find a fully equipped commercial, staff office space and W/C"s for customers.

This property offers buyers a rare opportunity to purchase a freehold in central Hove and the potential to be extended STNPC.

Palmeria Square is located between Church Road and Kingsway, and is known for its beautiful Grade II listed buildings. Over looking the well kept communal gardens, with the seafront also just moments away. Due to the many amenities available on Church Road, which continues onto Western Road there is high footfall and passing trade.

Usage
The Use Classes Order of 1st September 2020 was introduced to cover commercial, business and service uses. Use Class E includes A1, A2, A3, B1 and some D1 & D2 uses.

Lease
Lease dated 3rd January 2018 for a term of 10 years expiring 19th October 2027. Passing rent £55,000 per annum exclusive.

Rates
Rateable Value £29,500 (2023/24).

VAT
We are advised that VAT is not chargeable on the rental

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HW Estate Agents - Hove

80 Goldstone Villas Hove BN3 3RU

01273 283606

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OUR PROMISE TO YOU There’s a human element in the world of property that is too easily overlooked, which is why we offer our clients a dedicated service ensuring your experience with us is the best it can be. WHAT’S DIFFERENT ABOUT HW? Vision. Relationship building. Listening skills. These are what make us different. We take a fresh approach to selling and letting, meaning we’re not pushy like other agencies. Instead, we tailor our services to your needs. And it’s this five-star approach that won us Gold at the British Property Awards 2020 and 2021. THE BEST AGENT TO SELL YOUR HOME You want the best possible price for your property. And you also want a stress-free sale. We can deliver both. When it comes to marketing your home, we’re a boutique agency with big ideas. Plus as we’re open six days, we’re easy to reach. Most estate agents think that their job is done when an offer is closed. For us, it’s just the beginning of our journey with you. THE BEST AGENT TO LET YOUR PROPERTY Letting your property is a big step. That’s why we will find the best tenants for you and make the whole process as smooth as possible. Our letting services include full property management, rent collection and tenant introduction. We can take care of every aspect of a tenancy from beginning to end, beyond the initial letting stage. If you want long-term support for your property, we’re here. WE PROMISE TO BE REAL Property is about people. So we never overlook the human element of our business. Instead, we put it at the centre of everything. It’s why our clients keep coming back. OUR EXPERT TEAM HW Estate Agents was set up by industry veterans Charles Watts and Liam Winnard. Together, they combine years of experience from both independent and corporate agencies. The result? Professional service with a personal touch. Expertise with a tailored feel. Ambitious selling with a human approach. OUR PERSONAL SERVICES We’re in it for the long term with you. Selling for selling’s sake is not our style, it’s all about the relationship. Which is why we will always find your ideal match, whether that’s a buyer, property or plot of land. That’s the essence of HW.

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Property reference 659052. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by HW Estate Agents - Hove.

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Broadband availability and predicted speed

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Mobile phone signal availability and predicted strength

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Clear: No bars, no signal predicted
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