Industrial development for sale

Burgess Hill RH15

01273 767576

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Industrial development

0 bed

0 bath

1,348 sq ft / 125 sq m

Property description & features

Tenure: Freehold
£450,000 For The Freehold Interest.
Comprising Fully Let Retail Unit & 2 Self Contained 1 Bedroom Flats
Desirable Mid Sussex Location
Situated Close To Station
Gross yield of 7.53%

An attractive terraced building arranged over ground, 1st & 2nd floors. The Ground floor retail unit is let to The Vapour Trail Two Ltd (08205043) with a company guarantee from the The Vapour Trail (Silverhill) Limited (11662351) by way of an effective full repairing & insuring lease from 31st of May2023 for a term of 10 years with provision for a tenant only breaks on the 3rd & 7th anniversaries & a rent review on the 5th anniversary at a rent of £15,000 per annum. The lease is subject to a schedule of condition & the landlord also holds a 3 month rent deposit. On the upper floors are 2 self contained 1 bedroom flats. 8a is currently let by way of a AST from 2nd October 2023 at a rent of £850 PCM whilst 8b is let from 24 February 23 on a 12 month tenancy at a rent of £725 PCM.

The property is situated in a convenient spot on the north eastern side of Church Road in Burgess Hill Town Centre close to Burgess hill Train Station situated on the London to Brighton line. Market Place shopping arcade where Waitrose, Wilkinson's & Boots are located. Other nearby occupiers include Cafe Nero, Nationwide, Specsavers & Uncle Sam's as well as a number of local independent traders.

Offers are invited for the freehold interest in the region of £450,000 with the benefit of the existing tenancies. Based on the total annual income of £33,900 a purchase at this level would produce a gross yield of 7.53%.

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Eightfold Property - Commercial

35 Providence Place Brighton BN1 4GE

01273 767576

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With a wide range of clients, ranging from tenants looking to assign leases to institutional property investment companies and local authorities, we are able to assist in the letting of all types of commercial property thanks to our wealth of experience in the field. This includes retail, office, leisure, medical, licensed premises, and all other types of commercial premises. Once a suitable party has been sourced, we will issue comprehensive Heads of Terms to solicitors, whilst also obtaining references. We will then manage the process, keeping in constant contact with all relevant parties in the transaction to bring satisfactory completion to the process, swiftly and efficiently. Our experienced & knowledgeable commercial agency department act for a wide variety of clients. Our clients range from Independent Occupiers and Private Individuals to Institutional Property Investment Companies and Funds as well as Local Authorities.

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