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Investment For Sale

117-118 Western Road, Hove, East Sussex, BN3 1DB

Shortlist +
1,282 sq ft (119.1 sq m)
£
For Sale - £545,000 Offers in excess of

Key Features

Western Road is one of the city's principal retail thoroughfares
The two ground floor shops and their lower ground floors have been let to Cambridge Brand Vaughan Limited.
Let on a single effective full repairing and insuring lease until 2035 with an upwards only rent review at 25/12/2030
Well established tenant that has traded from this building from 2017
Let until September 2035
Passing rent of £46,000 per annum exclusive
Offers invited in excess of £545,000. A purchase at this level shows a net initial yield of 8.05%, after normal purchaser's costs