Industrial development for sale

Burgess Hill RH15

01273 767576

Call

Save

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%.

Property information from this agent

Brochure

Show full descriptionHide full description

Visit agent website

Places of interest

Eightfold Property - Commercial

35 Providence Place Brighton BN1 4GE

01273 767576

Request viewing/info

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.

Visit agent website

Agent's properties

See more properties like this:

*DISCLAIMER

Property reference 138083-1. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Eightfold Property - Commercial.

OnTheMarket may have applied supplementary data to this property listing, including:

Broadband availability and predicted speed

Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:

Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s

The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2

Mobile phone signal availability and predicted strength

Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:

Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services

Energy Performance data and Internal floor area

Any supplementary data should not be relied upon as forming part of any property particulars and OnTheMarket cannot be held responsible for any incorrectness in this data. See here for more information.

*Call rate information

Calls to 0843 numbers will be charged at 4p/min from BT landlines. Calls from other networks may vary, and calls from mobiles and outside the UK will be higher. Calls to local numbers beginning with 01, 02 and 03 numbers will incur standard geographic charges from landlines and mobiles.