Ryde House

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Key Points

Summary

Mixed use fully let investment opportunity for Sale with development potential subject to obtaining consents, offers sought £950,000

Description

The premises are located along Whitehill Road, Crowborough and comprise 2 retail units, 2 office suites having direct access from Whitehill Road together with further office suite to the rear of the development and a 2 bed flat. Included in the sale is a good size car park to the rear with spaces allocated to the tenants to which they contribute to its maintenance and upkeep, including hedge cutting, via a service charge.

All commercial leases are excluded from the renewal provisions of the Landlord and Tenant Act 1954 providing possession for the landlord if required at the end of the tenancies without penalty or compensation to the tenants.

Total income currently £69,800pa

Offered for sale freehold subject to the above tenancies at £950,000 showing a return of 7.35% before purchasers costs

Subject to obtaining any necessary consent it is considered there is redevelopment potential in the buildings and possible development in the car park to the rear.

Further information regarding tenants and income available on request.

Location

The premises occupy a prominent location along Whitehill Road, Crowborough.