High Street, Hailsham


£215,000

671.00 sqft For Sale

The property comprises a period Grade II Listed building constructed over two floors within the Hailsham conservation area. Externally the property has rough rendered elevations under a pitched original clay tile roof. There is a small rear yard and rear access. To the front the property is accessed by two entrance doors with direct access into the premises. Internally the property has some exposed beams and open fireplaces which are clearly original features and due to the age of the building ceilings are low which provides character for the current restaurant/sandwich bar use. The first floor is accessed via an internal staircase and provides a large one bedroom flat occupied by the current tenant.

The property is let on a 10 year fully repairing and insuring lease from 27th November 2013 at a current rental of £13,000 which we consider reversionary to a minimum of £15,000.

ACCOMMODATION

The premises provide the following accommodation:

GROUND FLOOR:

Sandwich Bar Area

107 sq ft (9.94 sq m)

Restaurant Area 1

112 sq ft (10.40 sq m)

Restaurant Area 2

164 sq ft (15.23 sq m)

Kitchen

224 sq ft (20.80 sq m)

Rear Store

64 sq ft (5.94 sq m)

FIRST FLOOR:

Large Open Landing/Study Area

Living Room

Double Bedroom

Dressing Room/Store

(Accessed only through bedroom)

Bathroom/WC

EPC

Tenure

Freehold subject to existing lease

Price

£215,000 Freehold, subject to the existing tenancy agreement representing a net initial yield of 5.75% (after costs of 5%) and a reversionary yield of approximately 6.2%.

Rateable Value

£7,000 (subject to transitional relief or charges that may be applicable)

Council Tax

Council Tax A

Legal Costs

Each party is to be responsible for their own legal costs

Services

No electrical, gas or other equipment, appliances or installations have been tested. In-going occupants must make their own enquiries

VAT

Under the Finance Act 1989 VAT may now be charged on rent or purchase prices. It is recommended that prospective tenants/purchasers make their own enquiries to establish whether or not VAT is chargeable prior to entering into an agreement.

Viewing

Contact Amanda or Jackie on 01323 841814 amanda.west@rossandco.co.uk jackie.neen@rossandco.co.uk

EPC

EPC

LOCATION

Property Details PDF

Download High Street, Hailsham Details

Branch Details

Hailsham Office
30 High Street,
Hailsham,
East Sussex. BN27 1BB

Tel: 01323 841814
Email: hailsham@rossandco.co.uk