Retail premises for sale in Crowborough Hill, Crowborough TN6

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Retail premises for sale

Property description

A freehold investment of 4 commercial units with 3 residential flats and rear yard area


Brooklyn is about 1.5 miles from the town centre in a diverse commercial/residential area, close to Crowborough & Jarvis Brook railway station with services to Uckfield and London Bridge/Victoria via East Croydon & Clapham Junction. Tunbridge Wells is about 7 miles, East Grinstead about 13 miles and Uckfield about 9 miles. Morrisons, Waitrose and Lidl are all within 2 miles of the location.


Brooklyn is a parade of four individual units with 3 flats above and to the rear together with rear yard/parking area. The residential flats are all accessed separately via their own dedicated access and parking to the rear. There is one third party car parking licence with an external user. The residential elements consists of 3 flats (1 x 3 bed, 2 x 2 bed). One of the 2 bed flats has been recently refurbished.

Brooklyn is of traditional brick construction with modern tiled pitched roof. The property benefits from its own dedicated side access as well as access off Victoria Road.

Asset management

Opportunity to increase the rent to erv and to secure the tenancies on longer term leases. This could increase short term income from circa £59,000 to in excess of £64,000 per annum.

Possibility for re-development within the rear yard subject to planning.

Business rateable values: 1 April 2023 to present
Unit 1 - £4,200 Unit 2 - £5,100
Unit 2a - £3,950 Unit 3 - £7,300

Small Business rate relief is applicable for these properties with rateable values below £15,000.


The freeholds are held under the following title numbers:
ESX36636 and ESX35449.

Council tax

The residential properties:-
1A Brooklyn, Crowborough Hill, Crowborough -
Band B
1B Brooklyn, Crowborough Hill, Crowborough -
Band B
1C Brooklyn, Crowborough Hill, Crowborough -
Band B

Business and Council tax rates payable are generated via Wealden District Council.

The rents are not subject to VAT

All tenancies are held on short term annual licences


Offers are invited in the region of £850,000 for both freehold titles, subject to the existing income, subject to contract and exclusive of VAT. The quoting price shows a gross initial yield of circa 7% with potential for an uplift to in excess of 7.5% post asset management initiatives.<br /><br />

Property info

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For more information about this property, please contact
RH & RW Clutton, RH19 on +44 1342 602791 * (local rate)

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by RH & RW Clutton, and do not constitute property particulars. Please contact RH & RW Clutton for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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