Full details for 8 Bedroom Property For Sale in Hove

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Description

The property is a freehold investment, meaning that the owner has full ownership and control over the property, including the land and any buildings or structures on it.

It is conveniently located close to a Hove station, offering easy access to public transportation. This is advantageous for both tenants and visitors, as it provides convenient commuting options and enhances accessibility to the property.

In addition to its proximity to the Hove station, the property is surrounded by a plethora of local amenities. These amenities can include shops, restaurants, cafes, supermarkets, parks, schools, and other essential services. The presence of these amenities provides convenience and enhances the quality of life for tenants.

The property consists of eight separate units, comprising seven studio apartments and a one bedroom flat. This diverse mix of units allows for a range of tenants, accommodating different needs and preferences. The studio apartments are ideal for individuals or couples seeking affordable and compact living spaces, while the one-bedroom flat offers slightly larger accommodations.

Currently, the property generates an annual income of £76,800. This income is derived from the rental payments made by the tenants occupying the various units. The impressive annual income demonstrates the potential profitability of the property as an investment. It suggests that the property is in high demand and can generate a significant return on investment.

Investing in this freehold property close to a Hove station and local amenities offers numerous advantages. The convenient location and proximity to transportation hubs enhance the property's desirability and potential for attracting tenants. The diverse mix of units allows for a wider tenant pool and increased rental income potential.

Furthermore, the impressive annual income of £76,800 demonstrates the property's strong rental potential and the potential for a high return on investment. This income can provide a steady stream of cash flow and contribute to the property's value appreciation over time.

FLAT 1 14' 3 max" x 11' 9" (4.34m x 3.58m) Ground Floor Studio Apartment

FLAT 2 17' 11" x 11' 7" (5.46m x 3.53m) Ground floor studio apartment

FLAT 3 24' 10 max" x 9' 11" (7.57m x 3.02m) Ground floor studio apartment

FLAT 4 22' 4 max" x 9' 1" (6.81m x 2.77m) Mid- Floor studio

FLAT 5 14' 2" x 11' 11" (4.32m x 3.63m) Mid-Floor Studio Apartment

FLAT 6 17' 00 into bay" x 13' 11" (5.18m x 4.24m) Mid-Floor Studio Apartment

FLAT 7 14' 2" x 12' 1" (4.32m x 3.68m) Top Floor studio apartment

FLAT 8 one bedroom apartment

LOUNGE 15' 2" x 9' 8" (4.62m x 2.95m)

BEDROOM 12' 6" x 8' 1" (3.81m x 2.46m)

BATHROOM Back to listing