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    Auction House London
    Lot 42
    Mixed Use
    165 & 167 Hangleton Way
    Hove, East Sussex, BN3 8EY
    Sold for £402,000
     
    All
    Number 1
    An End of Terrace Double Fronted Mixed Use Investment Comprising a Large Double Width Ground Floor Lock-Up Shop with a Three Bedroom First Floor Flat Above. Fully Let Producing £26,000 per annum (Rising to £27,000 per annum from 25th March 2020) with Redevelopment Potential to Extend the Upper Parts into the Loft Space (Subject to Obtaining all Relevant Consent).

    Description

    The property comprises a large two storey double fronted end of terrace building arranged as a ground floor shop and a pizza takeaway with a first floor three bedroom self-contained flat which is accessed from a shared stairway to the side. There is scope to extend the flat into the loft as others on the parade have done (subject to planning).

    Tenure

    Freehold

    Location

    The property occupies a prominent position on an established local parade servicing the surrounding residential area of Hangleton approximately 2 miles north-west of Brighton town centre. Transport links are provided by Portslade rail station and the nearby A27.

    Accommodation

    Ground Floor
    Double Width Shop Area
    10.5m Gross Frontage
    10.0m Net Frontage Widening to 15.0m after 12.5m.
    Built Depth Approx. 26.0m.

    GIA Approx. 295 sq m (3,200 sq ft)

    First Floor
    Reception Room
    Three Bedrooms
    Kitchen
    Bathroom with WC & wash basin

    Exterior

    The property benefits from a service yard and car park to the rear and off street parking to the front.

    Tenancy

    The entire building is let on an FRI Lease for a term of 20 years commencing 25th March 2017 at a rent of £26,000 per annum. Upward only reviews every 5 years. Rising to £27,000 per annum from 25th March 2020.

    Note

    In accordance with the EA Act 1979 a connected person to AHL has an interest in this property.

    VAT

    VAT is not applicable
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