Marketed by
Oldfield Smith
East Sussex
Eden House, River Way, Uckfield TN22 1SL, UK
Under Offer
1 of 3
£135,000
2 Belmont Buildings, High Street, Crowborough, TN6 2QB
500 sq. ft (46.45 m²)
Key features
- Mixed use (retail with residential – sold off) building
- Prime High Street location
- Current income of £9,600 pax
- Reversionary investment opportunity
Description
The premises comprise a ground floor lock-up retail unit with residential accommodation above. The ground floor accommodation is fitted out as a nail salon and is predominantly open plan, with a WC, kitchen area, and a fire exit to the rear.
The Freehold Interest is being offered, subject to a commercial lease and a long-leasehold interest of the residential. The commercial lease is granted to a private individual trading as JP Nails on a 12 year FRI lease from 1 November 2021 with a passing rent of £9,600 per annum exclusive. The next upward only market rent review is 1st September 2029 and the rent is considered reversionary based on recent transactions. The long-lease is for a term of 999 year lease with no ground rent payable. Copies of the legal documents are available upon request.
The quoting price of £135,000 is considered low and represents a gross initial yield of 7.11%, with a reversionary yield of 10%.
The Freehold Interest is being offered, subject to a commercial lease and a long-leasehold interest of the residential. The commercial lease is granted to a private individual trading as JP Nails on a 12 year FRI lease from 1 November 2021 with a passing rent of £9,600 per annum exclusive. The next upward only market rent review is 1st September 2029 and the rent is considered reversionary based on recent transactions. The long-lease is for a term of 999 year lease with no ground rent payable. Copies of the legal documents are available upon request.
The quoting price of £135,000 is considered low and represents a gross initial yield of 7.11%, with a reversionary yield of 10%.
Reference: 356018_sales
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Marketed by
Oldfield Smith
East Sussex
Eden House, River Way, Uckfield TN22 1SL, UK
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Available
- Photos available 6
- Brochure available
£10,000
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- Photos available 4
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