5 bedroom house for sale
Key information
Property description & features
- Tenure: Freehold
- Comprises of a Ground Floor Retail Premises with Basement & 5 Bedroom Self Contained Residential Flat
- Fully Let & Income Producing
- Situated in Portslade Close to Seafront & Railway Station
- Net Income Circa £34,600 Per Annum
- Net Initial Yield of 7.5%
- Full Vacant Possession
- Viewing Highly Recommended
The property comprises a three storey mid terrace building with good sized rear garden.
The ground floor comprises a retail premises with aluminium double glazed shop front and good sized external display forecourt with storage area on the lower ground floor. To the rear of the retail premises is a small office area, staff WC with wash hand basin. The lower ground floor provides good, dry basement storage with excellent ceiling height and has been damp proofed in recent years. The maisonette above has been renovated with various large extensions added to the rear over the past 30 years to include a room in the roof. The accommodation has a separate self contained entrance via Boundary Road.
Location
This substantial and deceptive property is situated in a prominent position on the eastern side of Boundary Road close to the junction of New Church Road in a busy secondary retail location. The A259 Coast Road is 325m away whilst the A270 is 0.4 miles distant. Portslade railway station with its regular services along the southcoast and north to London (journey time of 51 minutes) is 500m away. Nearby occupiers include Hills Sound & Vision, Mishon Mackay, Powerplant, Portslade Post Office, The Foghorn PH and Papa Johns.
Portslade is an area within Brighton & Hove and is located approximately 4 miles from the city centre. Other nearby towns include Worthing (10 miles west), Burgess Hill (10 miles north) and Lewes (12 miles east).
Terms
The property is available freehold subject to the Leases noted within the property particulars.
Availability_text
The accommodation comprises the following areas:
Opportunity
We feel that the premises has excellent future potential in terms of splitting the current 5 bedroom residential accommodation to form two or three separate self contained flats, subject to planning. It is also felt that the property could be converted into a HMO subject to gaining the necessary consents and licences.
Business Rates & Council Tax
The Valuation Office website suggests that from April 2023 the premises will have a rateable value of £8,400. At this level occupiers can expect to benefit from 100% rate relief subject to status. We advise interested parties to make their own enquiries to Brighton & Hove’s Council to verify the above and the level of business rates payable and small business relief.
The upper parts have a Council tax banding of A.
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Broadband availability and predicted speed: obtained from Ofcom on January 6, 2022
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
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Mobile phone signal availability and predicted strength: obtained from Ofcom on January 6, 2022
Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:
Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area
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