14 / 18 High Street Heathfield East Sussex TN21 8LS

14 / 18 High Street
Heathfield
East Sussex
TN21 8LS

Freehold Retail Investment

  • Let to The Factory Shop Limited
  • New 16 year lease from September 2015 (subject to option)
  • Extensive shop frontage -approximately 19.8m (65ft)
  • Recently opened Waitrose nearby
  • Affluent East Sussex town
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot
    11
  • Auction
    19th May 2016
  • Rent
    £65,000 per Annum Exclusive
  • Status
    Sold
  • Price
    £775,000
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
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  • Photos
  • Map

* More information on the term "guide" can be found here

Freehold Retail Investment

  • Let to The Factory Shop Limited
  • New 16 year lease from September 2015 (subject to option)
  • Extensive shop frontage -approximately 19.8m (65ft)
  • Recently opened Waitrose nearby
  • Affluent East Sussex town
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot 11
  • Auction 19th May 2016
  • Rent
  • Status Sold
  • Price £775,000
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG

Property Information

Location
Miles
13 miles south of Royal Tunbridge Wells, 16 miles north of Eastbourne, 23 miles north-east of Brighton
Roads
A21, A22, A265
Air
Gatwick Airport
Situation

The property is prominently situated on the northern side of High Street, close to its junction with Station Road, in the heart of the town centre. Other nearby occupiers include Costa Coffee and
branches of Lloyds, NatWest and Barclays banks, with a recently opened Waitrose, Sainsbury’s and Tesco Express also represented in the town.

Tenure

Freehold.

Location
Miles
13 miles south of Royal Tunbridge Wells, 16 miles north of Eastbourne, 23 miles north-east of Brighton
Roads
A21, A22, A265
Air
Gatwick Airport
Situation

The property is prominently situated on the northern side of High Street, close to its junction with Station Road, in the heart of the town centre. Other nearby occupiers include Costa Coffee and
branches of Lloyds, NatWest and Barclays banks, with a recently opened Waitrose, Sainsbury’s and Tesco Express also represented in the town.

Tenure

Freehold.

Description

The property comprises ground floor retail accommodation, with ancillary accommodation on the first floor. The property benefits from rear loading at first floor level and benefits from a free public
car park to the rear with parking for approximately 40 cars.

Six Week Completion

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property comprises ground floor retail accommodation, with ancillary accommodation on the first floor. The property benefits from rear loading at first floor level and benefits from a free public
car park to the rear with parking for approximately 40 cars.

Six Week Completion

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Floor Use Floor Areas (Approx) Tenant Term Rent p.a.x Reviews/ (Reversion)
Ground
First
Retail/Ancillary
Ancillary
361.11 sq m
248.33 sq m
(3,887 sq ft)
(2,673 sq ft)
THE
FACTORY
SHOP
LIMITED (1)
16 years from 14/09/2015
(2) on a full repairing and
insuring lease
£65,000 14/09/2021
14/09/2026
(13/09/2031)
Totals  
609.44 sq m
(6,560 sq ft)
    £65,000

(1) For the year ending 29th March 2015, The Factory Shop Limited, with a D & B rating of 5A 2, reported a turnover of £174,334,000, pre-tax profits of £7,855,000 and a total net worth of £44,438,000. The Original Factory Shop trade from over 200 stores nationwide (Sources: Experian Group & www.theoriginalfactoryshop.co.uk 31/03/2016).
(2) The lease is subject to a tenant option to determine on 14th September 2026, subject to 9 months’ prior written notice and a £32,500 penalty if exercised.

Property Documents

  • Site Plan
    Updated Date
    14.11.19
    File Size
    423 KB
    View PDF
  • Catalogue Page
    Updated Date
    14.11.19
    File Size
    767 KB
    View PDF
  • Common Auction conditions
    Updated Date
    10.06.21
    File Size
    168 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
David MargolisDavid Margolis +44 (0)20 7034 4862 +44 (0)7930 484 440david.margolis@acuitus.co.uk
Seller's Solicitors
Elliots Bond & Banbury Shaftesbury House, , 49-51 Uxbridge Road, Ealing
London
W5 5SA
John Ferguson 020 8567 0176johnferg@eb-b.co.uk

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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