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Commercial Property for sale

Enterprise House, Station Approach, Farningham Road, Crowborough, TN6 2GE
Contact Agent
Call Agent 01825 762222
Oldfield Smith East Sussex
Marketed by
Oldfield Smith East Sussex
Eden House, River Way, Uckfield TN22 1SL, UK
Properties for sale Properties to let
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Enterprise House, Station Approach, Farningham Road, Crowborough, TN6 2GE
Enterprise House, Station Approach, Farningham Road, Crowborough, TN6 2GE
Enterprise House, Station Approach, Farningham Road, Crowborough, TN6 2GE
Enterprise House, Station Approach, Farningham Road, Crowborough, TN6 2GE
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£425,000
Enterprise House, Station Approach, Farningham Road, Crowborough, TN6 2GE

1000 sq. ft (92.9 m²)

Contact Agent Call Agent 01825 762222

Key features

  • Modern development
  • 3 commercial units and 8 flats
  • Allocated car parking
  • Prominent position
  • Close to Crowborough mainline station
  • Outstanding commercial rent reviews
  • All units sold or let

Description

The premises comprise 3 retail units to the ground floor all let on commercial leases with 8 residential flats over all sold on long leases. Details of the commercial lettings are listed below. Each unit has allocated car parking. The premises are offered for sale on a new 999 lease subject to both the commercial and residential lettings.
In summary:
Shop 1 - let for a term of 12 years from August 2015 to 2 individuals trading as Jarvis Brew Coffee Shop at £9,000pa subject to rent review at 6th year (outstanding).
Shop 2 - let for a term of 10 years from October 2019 to an individual trading as a barbers shop at £10,000pa subject to rent review at 5th year.
Shop 3 – Let for a term of 6 years from November 2025 to Eden Valley Interiors Ltd as a showroom and held in their Limited Company name at a rent of £10,000pa subject to rent review and break option at 3rd year
There are 8 flats over, 4 per floor, all let on long leases for a term of 125 years paying a ground rent of £100pa subject to review every 15th year (from 1st July 2015) and a service charge at 12.5% of landlords expenditure per unit.
The entire premises are offered for sale on a new long leasehold interest of 999 years subject to the commercial and residential lettings. Offers sought in the region of £425,000. A purchase at this level, with the current annual income passing at £39,600, equates to a gross yield of 9.32%.
Reference: 155553_sales
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All commercial properties for sale in Crowborough
Oldfield Smith East Sussex
Marketed by
Oldfield Smith East Sussex
Eden House, River Way, Uckfield TN22 1SL, UK
Properties for sale Properties to let

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