Eaton Court, Eaton Road, Hove, BN3 3PL

about this property

CARETAKERS FLAT
A 1 bedroom flat, rent paid by service charge at £10,800pa. This is a net income.

CAR PARKING
There are 12 spaces on site, 2 are used for service bays, 10 are let to residents at a total income of £2,550pa. Rent not reviewed for 5 years and in our opinion is under-rented.

SATELLITE DISHES
Leases prohibit dishes so the freeholder grants licences to the lessees and this produces £700pa.

GROUND RENTS
£3,613pa (as from 24/06/2023 is produced from extended lease flats, reviews are due to a minimum of 50% increase every 25 years. Leases have between 125-175 years to run.

DEVELOPMENT POTENTIAL
The main flat roof offers development potential to perhaps construct 6-8 flats. Interested parties to make their own enquiries.

Situation
The property is situated in a superb central Hove position within a Conservation Area and 5 minute walk to Hove station and the facilities of Hove including Church Road, George Street, Blatchington Road and Hove seafront.

Note
Copies of Leases available upon request.