Ground Floor
8 The Drive
Hove
East Sussex
BN3 3JA
South Coast Road, Peacehaven
£275,000 Sold (STC)
Business
- For Sale by Auction 26th July
- Freehold Commercial Investment
- Passing Rent of £18,000pa
- Rent rising to £20,000pa then £22,000pa
- Planning approved in 2021 for redevelopment
A freehold single storey commercial unit currently used as a café and cycle studio. The property is let on a 7 year lease from June 2022 at a rent of £18,000pa rising to £20,000pa in June 2027 and £22,000 in June 2028. Planning was approved in 2021 under application number LW/20/0375 for demolition of the existing building and construction of a shop, 1 x 2 bedroom flat and 3 x 1 bedroom flats. Buyers should make their own enquiries as to the existing use class and future changes of use.
Although these particulars are thought to be materially correct their accuracy cannot be guaranteed and they do not form part of any contract.
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