House For Sale £710,000
46 Boundary Road, Hove, BN3 4EF

Description
The property comprises a three storey mid terrace building with good sized rear garden. Part of the rear garden has been converted into a one bedroom cottage (via planning reference BH2021/04485) with access via St Leonards Road via shared driveway.
The ground floor comprises a retail premises with aluminum double glazed shop front and good sized external display forecourt with storage area on the lower ground floor. To the rear of the retail premises is a small office area, staff WC with wash hand basin. The lower ground floor provides good, dry basement storage with excellent ceiling height and damp proofed in recent years.

The maisonette above has been renovated with various large extensions added to the rear over the past 30 years to include a room in
the roof. The accommodation has two separate self contained entrances, one approached via Boundary Road and the other to the rear of the premises via the garden withseparate access from St Leonard’s Road.

Location
This substantial and deceptive property is situated in a prominent position on the eastern side of Boundary Road close to the junction of New Church Road in a busy secondary retail location. The A259 Coast Road is 325m away whilst the A270 is 0.4 miles distant. Portslade railway station with its regular services along the southcoast and north to London (journey time of 51 minutes) is 500m away. Nearby occupiers include Hills Sound & Vision, Mishon Mackay, Powerplant, Portslade Post Office, The Foghorn PH and Papa Johns.

Portslade is an area within Brighton & Hove and is located approximately 4 miles from the city centre. Other nearby towns include Worthing (10 miles west), Burgess Hill (10 miles north) and Lewes (12 miles east).

Terms
The property is available freehold with vacant possession available on completion.

Opportunity
We feel that the premises has excellent future potential in terms of splitting the current 5 bedroom residential accommodation to form two or three separate self contained flats, subject to planning. It is also felt that the property could be converted into a HMO subject to gaining the necessary consents and licences. With regards to the current vacant retail premises, we feel that this has a rent value in the region of £10,000 per annum exclusive.

Business Rates & Council Tax
The Valuation Office website suggests that from April 2023 the premises will have a rateable value of £8,400. At this level occupiers can expect to benefit from 100% rate relief subject to status. We advise interested parties to make their own enquiries to Brighton & Hove’s Council to verify the above and the level of business rates payable and small business relief.

The upper parts have a Council tax banding of A.