Summary - Flat 1, 26 Lawrence Road, HOVE BN3 5QB
1 bed 1 bath Commercial Property
Prime seafront-adjacent block delivering immediate rental income and refurbishment upside.
Freehold building arranged as five self-contained flats
Total reported income £55,200 per annum
Gross internal area c.1,873 sq ft across three storeys
One flat has small private garden; overall outdoor space limited
Several tenancies short-dated or periodic — re-let risk exists
Some EPCs missing; existing ratings range C–D where provided
Property may be elected for VAT — VAT could be payable
External condition appears good; internal inspection recommended
A substantial unbroken freehold arranged as five self-contained flats in a sought-after Hove location, a short walk from Church Road and the seafront. The building produces a reported total annual rent of £55,200 and offers immediate income with a mix of ASTs and periodic tenancies. The footprint totals c.1,873 sq ft across three storeys with traditional Victorian features and good external presentation to the street.
This is an investment suited to a landlord or portfolio buyer seeking steady rental income and future value uplift through refurbishment or management optimisation. One flat benefits from a small private garden; the remainder have limited external amenity. Some EPCs are outstanding and several tenancies are periodic or short-dated, so immediate income is secured but lease reviews and re-letting risk should be considered.
Buyers should note VAT may be payable on the purchase, and EPC ratings are mixed (C–D where provided). The building appears externally well maintained, but internal inspection is required to confirm condition and identify any refurbishment or compliance works needed. Location strengths include excellent broadband and mobile signal, good local schools, on-street parking and easy access to Hove station and seafront.
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