Summary
| Property Type | Residential / Retail |
| Tenure | For Sale |
| Size | 1,938 sq ft |
| Price | £290,000 |
| Rates Payable | Upon Enquiry |
| EPC Rating | This property has been graded as D |
- Rare Freehold Interest opportunity
- Mixed use (retail with residential) building
- Of interest to investors or owner occupiers
- Double fronted corner retail presence
- Spacious self-contained maisonette
- Current income of £25,400 pa
About
The property comprises a three-storey end of terrace building arranged as a ground floor double fronted retail shop with ancillary space and a self-contained maisonette over the first and second floors. The ground floor retail unit is predominantly open plan and currently operates as a women's dress shop. The residential accommodation is well proportioned and includes two bedrooms, kitchen, dining room, lounge, bathroom and additional second floor storage.
Externally the property benefits from a private rear garden and parking which are
demised to the residential accommodation.
The Freehold Interest is being offered, subject to a commercial lease and a periodic tenancy. The commercial lease is granted to Any Occasion Boutique Ltd on a 5 year FRI lease from 6 December 2021 with a passing rent of £12,500 per annum exclusive. The residential tenancy agreement has expired and therefore deemed a periodic tenancy with a passing rent of £1,075 pcm (£12,900 pa). Copies of the legal documents are available upon request.
The quoting price of £290,000 is considered low and represents a gross initial yield of 8.75% and is also considered to be reversionary. This could also be considered for an owner occupier; more information upon application.
Accommodation
| Name | sq ft | sq m |
| Ground | 1,034 | 96.06 |
| 1st | 807 | 74.97 |
| 2nd | 97 | 9.01 |
| Total | 1,938 | 180.04 |
Location
The property is situated within the High Street retail area of Cross-In-Hand, serving the surrounding residential population and nearby villages. The location provides a range of local shops, services and amenities and benefits from regular passing traffic.
Mainline Stations
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Buxted79 mins
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Crowborough102 mins
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Uckfield105 mins
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Stonegate135 mins
Underground Station
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Caterham483 mins
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Knockholt503 mins
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Whyteleafe South507 mins
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Upper Warlingham513 mins
Further Information
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Residential
EPC Rating - D
Council Tax - A -
AML
In line with the relevant legislation, Anti-Money Laundering checks will need to be carried out on all relevant parties. We charge £30 +VAT for this service.
Gallery
