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3 Victoria Ter 778 sq ft 100% Let Retail Property Hove BN3 2WB £185,000 (£237.79/sq ft) 7.14% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Retail Investment
- Desirable Hove Seafront Location
- Recently completed Lease
- Ground Floor and Basement
EXECUTIVE SUMMARY
The freehold interest is available to purchase for the sum of £185,000 with the benefit of the existing lease to Huyen Thi Thu Chu 29th November 2024 for a term of 10 years with provision for a 5 year rent review & a tenant only break on the 5th anniversary subject to 6 months written notice at a passing rent of £13,500pax. A Purchase at the suggested level would show a net yield of 7.14%
PROPERTY FACTS Sale Pending
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront Retail / Residential
Property Size
778 sq ft
Year Built
1920
Price
£185,000
Price per sq ft
£237.79
Yield
7.14%
NOI
£13,209
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
5
Plot ratio
5.19
Frontage
19 ft on Victoria Ter
AMENITIES
- Bus Route
- Signage
MAJOR TENANTS
- TENANT
- INDUSTRY
- sq ft OCCUPIED
- RENT/sq ft
- LEASE END
- Gunpoint
- -
- -
- -
- -
| TENANT | INDUSTRY | sq ft OCCUPIED | RENT/sq ft | LEASE END | ||
| Gunpoint | - | - | - | - |
1 1
NEARBY MAJOR RETAILERS
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3 Victoria Ter
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