46 Boundary Road, Hove

46 Boundary Road,
Hove, East Sussex, BN3 4EF

For Sale
Investment

Offers in excess of £440,000

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Substantial Freehold Mixed Use Property on Busy Thoroughfare With Potential To Re-Configure & Asset Manage

Location

This substantial and deceptive property is situated in a prominent position on the eastern side of Boundary Road close to the junction of New Church Road in a busy secondary retail location. The A259 Coast Road is 325m away whilst the A270 is 0.4 miles distant. Portslade railway station with its regular services along the southcoast and north to London (journey time of 51 minutes) is 500m away. Nearby occupiers include Hills Sound & Vision, Mishon Mackay, Powerplant, Portslade Post Office, The Foghorn PH and Papa Johns.

Portslade is an area within Brighton & Hove and is located approximately 4 miles from the city centre. Other nearby towns include Worthing (10 miles west), Burgess Hill (10 miles north) and Lewes (12 miles east).

Description

The property comprises a three storey mid terrace building with good sized rear garden. The ground floor comprises a retail premises with aluminium double glazed shop front and good sized external display forecourt with storage area on the lower ground floor. To the rear of the retail premises is a small office area, staff WC with wash hand basin. The lower ground floor provides good, dry basement storage with excellent ceiling height and has been damp proofed in recent years. The maisonette above has been renovated with various large extensions added to the rear over the past 30 years to include a room in the roof. The accommodation has a separate self contained entrance via Boundary Road.

Accomodation

Name/FloorSq FtSq MAvailability
Ground Retail Area38535.77Available
Ground Store676.22Available
Ground Kitchen555.11Available
basement Store45342.09Available
Ground Flat - Kitchen17516.26Available
Ground Flat - Bedroom 123521.83Available
1st Flat - Bathroom726.69Available
1st Flat - Bedroom 1908.36Available
1st Flat - Bedroom 226224.34Available
1st Flat - Bedroom 314113.10Available
1st Flat - Bedroom 424022.30Available
2nd Flat - Bedroom 525023.23Available
Total2,425225.29 

Terms

The property is available freehold subject to the Leases noted within the property particulars.

Opportunity

We feel that the premises has excellent future potential in terms of splitting the current 5 bedroom residential accommodation to form two or three separate self contained flats, subject to planning. It is also felt that the property could be converted into a HMO subject to gaining the necessary consents and licences.

Business Rates & Council Tax

The Valuation Office website suggests that from April 2023 the premises will have a rateable value of £8,400. At this level occupiers can expect to benefit from 100% rate relief subject to status. We advise interested parties to make their own enquiries to Brighton & Hove’s Council to verify the above and the level of business rates payable and small business relief.

The upper parts have a Council tax banding of A.

Summary

  • Comprises of a Ground Floor Retail Premises with Basement & 5 Bedroom Self Contained Residential Flat
  • Fully Let & Income Producing
  • Situated in Portslade Close to Seafront & Railway Station
  • Net Income Circa £34,600 Per Annum
  • Net Initial Yield of 7.5%
  • Full Vacant Possession
  • Viewing Highly Recommended