£145,000
(£152.79/sq. ft)
Retail premises for saleTandridge House, High Street, Mayfield TN20
949 sq. ft
Just added
Freehold
About this property
Character listed property
Historic village location
Low quoting price of £145,000
Income of £13,000 per annum
Gross yield of 9%
WAULT until 2033
Description
The premises comprise a character but modern shop/office with rear office, stores, kitchen and cloakroom to the ground floor. There is a 3 bedroom maisonette above the commercial, which has been sold on a new long-leasehold interest.
Shop - Overall 61.2 sq m (661 sq ft) fitted ceiling mounted air conditioning unit, wall heaters, feature beams, part laminate part carpet flooring, ceiling spot lights.
Office/store overall 8.4 sq m (93 sq ft).
Kitchen/rest room 11.2 sq m (119 sq ft) fitted with base and wall units plus stainless steel sink unit, door to outside.
Cloakroom fitted with low level wc and wash hand basin
Office/store overall 7.2 sq m (76 sq ft)
Total overall area 88.0 sq m (949 sq ft)
The ground floor commercial accommodation is let to a specialist sewing business trading under the name of Sew inspired. They are let until November 2033, with a mid-term tenant only break and upwards only market review. The passing rent, until the review, is £13,000 pax.
The first and second floors is arranged as a 3 bedroom maisonette and is sold on a long-leasehold interest and a 50% share of the Freehold. No ground rent payable.
A copy of the legal documentation is available upon application.
A 50% share of the Freehold Interest is for sale, with offers sought in the region of £145,000, subject to the commercial lease and long leasehold interest in the above flat representing a return of approximately 9% before purchasers costs.
Location
The premises occupy a prominent High Street position in this historic Sussex village. They adjoin Mayfield and Five Ashes Parish Council offices and are opposite South Cliff dental. Other businesses in the immediate area include a public house, Estate Agents, pharmacy as well as many specialists trades.
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.
The premises comprise a character but modern shop/office with rear office, stores, kitchen and cloakroom to the ground floor. There is a 3 bedroom maisonette above the commercial, which has been sold on a new long-leasehold interest.
Shop - Overall 61.2 sq m (661 sq ft) fitted ceiling mounted air conditioning unit, wall heaters, feature beams, part laminate part carpet flooring, ceiling spot lights.
Office/store overall 8.4 sq m (93 sq ft).
Kitchen/rest room 11.2 sq m (119 sq ft) fitted with base and wall units plus stainless steel sink unit, door to outside.
Cloakroom fitted with low level wc and wash hand basin
Office/store overall 7.2 sq m (76 sq ft)
Total overall area 88.0 sq m (949 sq ft)
The ground floor commercial accommodation is let to a specialist sewing business trading under the name of Sew inspired. They are let until November 2033, with a mid-term tenant only break and upwards only market review. The passing rent, until the review, is £13,000 pax.
The first and second floors is arranged as a 3 bedroom maisonette and is sold on a long-leasehold interest and a 50% share of the Freehold. No ground rent payable.
A copy of the legal documentation is available upon application.
A 50% share of the Freehold Interest is for sale, with offers sought in the region of £145,000, subject to the commercial lease and long leasehold interest in the above flat representing a return of approximately 9% before purchasers costs.
Location
The premises occupy a prominent High Street position in this historic Sussex village. They adjoin Mayfield and Five Ashes Parish Council offices and are opposite South Cliff dental. Other businesses in the immediate area include a public house, Estate Agents, pharmacy as well as many specialists trades.
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.
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