Summary - 29, WESTERN ROAD BN3 1AF
14 bed 1 bath Commercial Property
**Key Features:**
- **Substantial Freehold Mixed-Use Investment:** Comprising 2 retail units, 9 flats, and a vacant garage/workshop.
- **Annual Income Potential:** Currently generating £194,900 p.a. with immediate opportunities to increase revenue.
- **Development Potential:** Possibility to add additional residential units on the flat roof, pending planning consents.
- **Prime Location:** Centrally located near Hove seafront and vibrant local amenities.
Located on Western Road in Hove, this expansive mixed-use property presents an exceptional investment opportunity. Comprising two retail units and nine residential flats, the current income reaches £194,900 per year with further potential from a vacant garage/workshop. The residential flats vary in size and configuration, making them attractive to a diverse tenant base. The property enjoys a prime position, surrounded by local shops, restaurants, and the picturesque seafront, making it an appealing choice for families and professionals alike.
The unique opportunity to add capital value through development on the flat roof section, subject to planning approval, should not be overlooked. Furthermore, the property's solid brick construction and high ceilings may appeal to buyers interested in historical architecture while providing an excellent foundation for future renovations. While the area does have above-average crime rates, the affluent neighborhood boasts fast broadband and excellent mobile service, ensuring that tenants enjoy both convenience and connectivity. Given its substantial income potential and location, this property will not last long in today’s market—act now to seize this rare investment opportunity!
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