Portland Rd/Worcester Villas, Hove

*** GUIDE PRICE £650,000-£700,000 ***

GREAT INVESTMENT OPPORTUNITY! A mixed commercial/residential FREEHOLD investment with planning permission for a three bedroom house on the adjacent land on Worcester Villas. The commercial unit is currently run as a café by the current owners and could be sold as a going concern or with vacant possession. A well-established and successful business in a prime location directly opposite Portslade Station, the premises would also lend themselves to being a sandwich bar or coffee shop. The residential unit has an HMO licence and is currently rented to four sharers producing £25,000 per annum, including bills (excluding electric). Planning permission has been granted under application number BH2023/03157 for the erection of a three bedroom house with two bathrooms and off-road parking set back from the road.

Approach - Wall-enclosed courtyard offering customer seating area.

Commercial Premises: - 7.60m x 4.28m (24'11" x 14'0") - Arranged as a cafe with dual aspect, accessed from Portland Road, with fully-equipped catering kitchen (3.40m x 2.88m), store room (2.39m x 2.24) and WC. Access to rear outside space leads to further storage area (5.16m x 2.82m) and side access.

Maisonette: - Separate street entrance, accessed via Worcester Villas.

Entrance Hall - Vestibule leads to entrance hall with stairs ascending to first floor with storage cupboard under. Lockable door to commercial premises.

Studio Room - 6.67m x 4.56m (21'10" x 14'11") - Two bay windows facing Worcester Villas.

First Floor Landing - Window facing Worcester Villas.

Kitchen - 2.87m x 1.94m (9'4" x 6'4") - Fitted units, stainless steel sink with mixer tap and drainer.

Shower Room - Shower enclosure with tiled surround and raised shower head, low-level WC, wash basin.

Bedroom - 3.72m x 2.91m (12'2" x 9'6") - Window facing Portland Road, feature fireplace.

Bedroom - 4.67m x 3.50m (15'3" x 11'5") - Dual aspect, built-in storage.

Bedroom - 3.56m x 3.38m (11'8" x 11'1") - Window facing Worcester Villas.

Adjacent Land: - Accessed via Worcester Villas. Currently off-road parking for multiple vehicles. Planning permission granted for a three bedroom house (Application Ref: BH2023/03157).