Montgomery Street, Hove

This is a unique opportunity to acquire a freehold commercial property spanning two storeys in the desirable Poets Corner area of Hove. Currently, the property has an income-generating capacity with several lettable units, producing £24,900 annually. Notably, two out of six units are available for rental, and the estimated rental value (ERV) when fully occupied is approximately £45,300 per year. The spacious first floor, previously rented at £17,400 per annum, is now unoccupied and presents an ideal option for owner-occupiers looking to utilize this area while generating rent from other units. Furthermore, investors may consider subdividing this space into smaller rooms for enhanced rental income potential. With adjacent properties in the mews obtaining planning permission for a combination of residential and Class E spaces, there is significant scope to pursue similar plans here, pending necessary approvals. This property offers both immediate income and substantial long-term investment possibilities.