37 Vernon Terrace
Brighton
Sussex
BN1 3JH
Hove
£1,100,000
Mixed Use
- Central Hove Location
- Arranged as Commercial Unit & 4 x Self-Contained Flats
- Fully Income Producing
- New Commercial Lease
- Current Passing Rent £91,100 Per Annum Exclusive
- Close to Hove Seafront
Mixed-Use Freehold Investment producing approximately £91,100 per annum exclusive
Description
An opportunity to purchase this freehold investment property in the heart of Hove. The building forms part of a terrace on the south side of Church Road, close to the junction of Sackville Road. A 5 storey building, configured as a ground floor commercial unit, with 4 self-contained flats which are accessed via a separate entrance to Church Road. The property is currently producing an annual income of approximately £91,100 per annum exclusive.
Situation
Church Road is situated in central Hove and is populated by many well established independent traders, including restaurants, bars and coffee shops. Numerous buses serve the area and Hove Railway Station is within walking distance.
Accommodation
LGF Flat 73.86sq.m.795.01sq.ft
First Floor Flat 159.94sq.m.645.18sq.ft
Second Floor Flat 250.74sq.m.546.16sq.ft
Third Floor Flat 359sq.m. (taken from EPC)635.07sq.ft (taken from EPC)
Ground Floor Commercial 57sq.m. (taken from EPC)613.54sq.ft (taken from EPC)
TOTAL189sq.m.2,034.37sq.ft
Rateable Value (£ April 2026 date)
Commercial Premises - £10,500
EPC's
Commercial PremisesC
LGF Flat C
Flat 1 D
Flat 2 C
Flat 3D
Council Tax
LGF Flat TBC
Flat 1 B
Flat 2 B
Flat 3 B
Tenancies
RESIDENTIAL
LGF Flat- £1,325pcm (£15,900pa) - 1 Bed with small courtyard – Let on an assured periodic tenancy
Flat 1 - £1,450pcm (£17,400pa) - 2 bed with garden - Let on an assured periodic tenancy
Flat 2 - £1,550pcm (£18,600pa) - 2 bed - Let on an assured periodic tenancy
Flat 3 - £1,350pcm (16,200pa) - 2 bed - Let on an assured periodic tenancy
Total - £5,675pcm (£68,100pa)
COMMERCIAL
Commercial Unit - Let to National Home Move Limited on an effective full repairing and insuring lease for a term of 10 years from and including 11th September 2026 to and including 10th September 2036. The current passing rent is £23,000 per annum exclusive. There is a rent review dated 11th September 2031. Tenant only break clauses are dated 10th September 2030 and 10th September 2033. The lease is subject to a schedule of condition.
Agent Notes
From 1st May 2026 fixed term Assured Shorthold Tenancies (AST) will automatically convert to Assured Periodic Tenancies.
A purchase at this level would reflect a gross yield of 8.28%
VAT & Legal Fees
We understand the property is not elected for VAT. Each party to bear their own legal costs incurred.
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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