Summary
| Property Type | Investment |
| Tenure | For Sale |
| Size | 1,348 sq ft |
| Price | Offers in the region of £450,000 |
| Rates Payable | £4,241.50 per annum |
| EPC Rating | This property has been graded as C (63) |
- £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%
About
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.
Accommodation
| Name | sq ft | sq m |
| Ground - Retail Unit- Let to The Vapour Trail Two Ltd (08205043) by way of an effective full repairing & insuring lease from 31st of May2023 for a term of 10 years at a rent of £15,000 per annum. | 731 | 67.91 |
| 1st - 8A- 1 bedroom flat- let on a tenancy commencing 2nd October 2023 at a rent of £850 PCM | 358 | 33.26 |
| 2nd - 8b- 1 bedroom flat- Let on a AST for a term of 12 months from 24 February 2023 at a rent of £725 PCM | 259 | 24.06 |
| Total | 1,348 | 125.23 |
Location
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.
Mainline Stations
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Burgess Hill3 mins
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Wivelsfield14 mins
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Hassocks43 mins
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Plumpton68 mins
Underground Station
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Caterham438 mins
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Tadworth458 mins
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Kingswood458 mins
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Whyteleafe South467 mins
Downloads
Download Particulars
Further Information
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Terms
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%.
Gallery
