Mixed use investment opportunity FOR SALE
Let to Secretary of State for Housing Communities and Local Government of DWP and Tyre and Battery Services (Sussex) Ltd.
Currently producing £43,000 per annum.
8,865 sq ft of offices and workshop accommodation + yard.
For sale with offers in the region of £575,000 reflecting a Net Initial yield of 7.1%
The property is prominently situated at the western end of Newhaven High Street on the junction with the A259 South Way. Brighton and Hove is located 8 miles to the west and Lewes 5.5 miles to the north.
Rents and prices are quoted exclusive of, but may be subject to VAT.
The property comprises a three storey building. No. 55 comprises the front (northern) portion of the ground and first floors and the whole of the 2nd floor of the main building. This is fitted as office accommodation and benefits from a shop front onto the high street at ground floor level.
No. 57 comprises the rear (southern) half of the ground and first floors of the main building, the yard and the separate steel framed workshop. This accommodation is arranged and used as workshop and storage accommodation.
55Ground 96.81 sq m1,042 sq ft
First141.87 sq m1,527 sq ft
Second195.78 sq m2,107 sq ft
Total434.46 sq m4,676 sq ft
Ground 142.25 sq m1,531 sq ft
First 80.78 sq m 869 sq ft
Total223.03 sq ft 2,401 sq ft
Detached workshop166.13 sq m1,788 sq ft
Overall Total823.62 sq m8,865 sq ft
NB - Number 55 has been measured on a Net internal basis.
- Number 57 and the detached workshop have been measured on a Gross Internal basis.
55 - D (83)
57 - E (121)
Each party to bear their own legal costs incurred.
Offers in the region of £575,000. Which reflects a Net initial yield of 7.1% after purchasers costs of 4.98%.
( Agency Pilot Software Ref: 3489 )