3 Victoria Ter - Storefront Retail/Residential FOR SALE


Hove, ESX BN3 2WB
$185,000 USD
793-590-1877
3 Victoria Ter, Hove, ESX for Sale
$185,000 USD
Storefront Retail/Residential - FOR SALE
1/6
null | 7.14% Cap Rate

3 Victoria Ter
Hove, ESX BN3 2WB


HIGHLIGHTS

  • Retail Investment
  • Recently completed Lease
  • Desirable Hove Seafront Location
  • Ground Floor and Basement

OVERVIEW

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%.

FOR SALE DETAILS

PRICE

$185,000 USD

PRICE/SF

$258 USD /SF

CAP RATE

7.14%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

5

YEAR BUILT

1920

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

150 SF

ZONING

-

APN/PARCEL ID

ESX241695,ESX270801,ESX38139

ASK ABOUT THIS PROPERTY

James HawleyEightfold PropertyMore Info
793-590-1877

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James HawleyEightfold PropertyMore Info
793-590-1877

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.