Auction House London

Lot 42

Mixed Use - Commercial Property 

165 & 167 Hangleton Way

Hove, East Sussex, BN3 8EY

Sold for £402,000

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

Additional Fees and Disclaimer

Administration charge: £1,500 including VAT unless otherwise stated in the addendum.

Buyers Premium and Disbursements: Please see the legal pack and the addendum for any disbursements and buyers premium that may be payable by the purchaser on completion.

Particulars including images and video tours on the website and within the catalogue are believed to be correct but their accuracy is not guaranteed. The auctioneers will always endeavour to inform prospective purchasers of variations to the catalogue, when such changes are brought to their attention. The auctioneers nor their clients can be held responsible for any losses, damages, or abortive costs incurred in respect of lots that are withdrawn or sold prior to auction. Viewings are carried out by third party agents and we will endeavour to give appropriate notice should the published viewing time change. Auction House London will not be liable for any costs or losses incurred due to viewing cancellations or no shows. Information relating to Rating matters has been obtained by verbal enquiry only. Prospective purchasers are advised to make their own enquiries of the appropriate authorities. Prospective purchasers are deemed to verify for themselves whether tenanted properties are occupied and rents are being paid. All measurements, areas and distances are approximate only. Potential buyers are advised to check them. No representation or warranty is made in respect to the structure of any properties nor in relation to their state of repair. Prospective buyers should arrange for a survey of the particular lot by a professionally qualified person.

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Ground Floor Can Be Viewed During Trading Hours
For further information, please register for the legal pack. To speak to a member of our team about this lot, please call us on 020 7625 9007 or email us at info@auctionhouselondon.co.uk

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