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Development Opportunity for sale

3 Cortlandt, George Street, Hailsham, BN27 1AE
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
Available
3 Cortlandt, George Street, Hailsham, BN27 1AE
3 Cortlandt, George Street, Hailsham, BN27 1AE
3 Cortlandt, George Street, Hailsham, BN27 1AE
3 Cortlandt, George Street, Hailsham, BN27 1AE
3 Cortlandt, George Street, Hailsham, BN27 1AE
3 Cortlandt, George Street, Hailsham, BN27 1AE
3 Cortlandt, George Street, Hailsham, BN27 1AE
1 of 7
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£750,000
3 Cortlandt, George Street, Hailsham, BN27 1AE

3492 sq. ft (324.42 m²)

Contact Agent Call Agent 01825 762222

Key features

  • Almost fully let
  • Grade II Listed building
  • Generous car parking
  • Delightful gardens

Description

The premises have been divided to provide for a number of office suites of varying sizes, let to a series of tenants with shared kitchen and cloakroom facilities. The premises are fully let except for a small single suite currently providing an annual income of £93,327.48 (February 2025). The tenants pay a single fee to include rent, use of services, heating, lighting etc. Each suite is separately assessed for business rates where each tenant pays any rates due to the local authority. Subject to obtaining any necessary consents there is potential to develop within the attic space which is currently vacant.
Breakdown of tenancies:
Suite 1 & 4 £6,513.82 per quarter (pq)
Suites 2, 3a & 3b £4,265.25 pq
Suite 5 meeting room
Suites 6 & 7 £3,250.00 pq
Suite 8 vacant but estimated £600.00 pq
Suite 9 £1,375 pq
Suite 10 £2,140.00 pq
Suite 11 £725.00 pq
Suite 12 £1,287.50 pq
Suite 13 £1,323.50 pq
Suite 14 £2,451.80 pq
Total actual income £23,331.87 pq £93,327.48 pa
Total actual and anticipated income £23,931.87 pq £95,727.48 pa
Offered for sale freehold subject to the above lettings - £750,000
We are advised the building isn’t elected for VAT
Reference: 287361_sales
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All commercial properties for sale in Hailsham
Oldfield Smith East Sussex
Marketed by
Oldfield Smith East Sussex
Eden House, River Way, Uckfield TN22 1SL, UK
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