FREEHOLD INVESTMENT – FOUR SELF-CONTAINED FLATS – HOVE
An excellent opportunity to acquire the freehold of a substantial semi-detached property at 232 New Church Road, Hove, arranged as four self-contained residential units.
The accommodation comprises three one-bedroom flats and one three-bedroom flat, providing a varied rental portfolio in a sought-after Hove location.
The current combined rental income is £5,200 per calendar month, equivalent to £62,400 per annum gross, based on the individual rents provided:
Flat 1 – £1,200 PCM
Flat 2 – £1,300 PCM
Flat 3 – £1,600 PCM
Flat 4 – £1,100 PCM
Council Tax: Flats 1, 2 and 4 are in Band B, while Flat 3 is in Band C.
The property further benefits from four allocated parking spaces on the driveway, providing off-road parking for the individual flats.
The floor plans indicate a substantial combined internal area of approximately 2,644 sq ft (245.8 sq m), although all measurements should be treated as approximate.
This property is being marketed specifically towards landlords and investment purchasers seeking a freehold residential investment with four separate units and an established rental income.
Please Note: All descriptions, photographs, and floorplans are provided as a general guide and do not form part of any offer or contract.
Money Laundering Regulations: Prospective purchasers will be required to provide identification and proof of funds as part of the due diligence process.
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