0 Bed Commercial Property For Sale
Montefiore Road, Hove
BN3 1RD
Added 27 Nov 2025
New ListingProperty Details
Property Type
Commercial Property
Bedrooms
0
Location
BN3
Description
The property comprises of a ground floor commercial unit currently let on a new 5 yr FRI lease for £16,000pa from October 2025.
To the ground floor rear is a self-contained 1x bedroom flat let for £1,200pcm, the uppers parts are arranged as a 4x Bedroom HMO producing rents of R1 £700pcm, R2 £675pcm, R3 £600pcm, R4 £650pcm. Collective residential income of £3,825pcm / £45,900pa. Running costs for the HMO are approx £600pcm for utilities, council tax and internet.
The total combined gross income for the building is £61,900 per annum with an approximate net income of £54,700pa
Location
The property is located on the corner of Montefiore Road and Addison Road, Hove just across from the Montefiore Hospital with street car parking outside the building.
Viewings
Viewings can be arranged via the vendors Sole Agents - Newlands Property
Terms
Offers are invited in the region of £750,000 for the freehold interest, subject to the existing tenancies in place.
Location
Nearby Properties
Disclaimer: Property descriptions, images, and related information displayed on this page are aggregated from publicly available sources across the web and presented for informational purposes only. While we strive for accuracy, home.co.uk cannot guarantee that all details are current or complete. This information is provided as a guide only and should not replace professional property advice. We strongly recommend contacting Newlands Property directly to verify availability, arrange viewings, and obtain comprehensive property documentation.
Listed by
Newlands Property
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