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3 Victoria Ter 778 SF 100% Leased Retail Building Hove BN3 2WB $247,807 ($318.52/SF) 7.14% Cap Rate
INVESTMENT HIGHLIGHTS
- Retail Investment
- Desirable Hove Seafront Location
- Recently completed Lease
- Ground Floor and Basement
EXECUTIVE SUMMARY
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%
PROPERTY FACTS Sale Pending
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Residential
Building Size
778 SF
Year Built
1920
Price
$247,807
Price Per SF
$318.52
Cap Rate
7.14%
NOI
$17,693
Percent Leased
100%
Tenancy
Multiple
Building Height
5 Stories
Building FAR
5.19
Frontage
19’ on Victoria Ter
AMENITIES
- Bus Line
- Signage
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Gunpoint
- -
- -
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Gunpoint | - | - | - | - |
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NEARBY MAJOR RETAILERS
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3 Victoria Ter
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