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For Sale£275,000.00

Freehold High Street shop with residential accommodation above

Residential, Retail , 1194
Property type: Residential, Retail
Tenure: Development Opportunity, Investment Opportunity, For Sale Freehold
Size: 1194
Price: £275,000.00
Location: 61-61a High Street, TN21 8HU
Fist time available in over 50 years

Freehold shop for sale with potential to re-develop the upper parts, subject to obtaining any necessary consents by creating a separate access to the upper floor accommodation, The premises are prominently located in Heathfield High Street.

The commercial lease is due to expire in September 2018.  No notices have been served but the tenant has indicated that they do not intend to renew.

The premises comprise a retail shop on the ground floor with workshop, kitchen, and cloakroom in the lower ground floor. The upper parts are arranged as residential accommodation.

Ground floor overall 29.6 sq m (319 sq ft)

Lower ground floor overall 25.7 sq m (277 sq ft) including kithen

First floor residential  29.8 sq m (321 sq ft)

Second floor residential  25.7 sq m (277 sq ft)

Total usable area   110.8 sq m (1,194 sq ft)

The shop is currently let to Jocalia Jewellers for a term of 20 years from September 1998 at a rent of £10,000pa with the term due to expire in September 2018.

Excellent opportunity to acquire a freehold commercial property in the heart of Heathfield with potential to re-develop by creating a separate access to the residential accommodation above, subject to obtaining any necessary consents.  The upper parts comprises 3 bedrooms, living room, kitchen and bathroom.

Offers sought in region of £275,000 for the freehold interest, subject to the current letting.
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