Montgomery Street, Hove

This freehold two-storey commercial property located in the sought-after Poets Corner area of Hove presents a compelling investment opportunity. Currently, the building generates an annual income of £24,900 from six lettable units, with two of these units currently vacant. The estimated rental value upon full occupancy stands at £45,300 per annum. The sizable first-floor area, previously rented for £17,400 annually and now unoccupied, offers immediate potential for an owner-occupier to utilize this space while generating rental income from the other units. Alternatively, investors might consider subdividing the first floor into smaller rooms to maximize rental yield. Furthermore, with adjacent properties receiving planning consent for a mix of residential and commercial use, there’s a viable pathway to explore similar redevelopment opportunities here, subject to obtaining planning permission.