Freehold Retail Opportunity with Residential Ground Rent
Approximately 62.40 sq m (667 sq ft) Retail Accommodation
Located on Established Pedestrianised Retailing Thoroughfare
Town Centre Location close to The Martlets Shopping Centre
For the Seller's Legal Pack, please click the Property Documents tab below
Lot 124
Auction 13th October 2016
Vacant Possession
Status Sold
Price £76,000
Sector High Street Retail
Auction Venue The Radisson Blu Portman Hotel 22 Portman Squafre London W1H 7BG
Property Information
Location
Miles
4 miles south of Haywards Heath, 10 miles north of Brighton, 40 miles south of Central London
Roads
A23, A27, A272, M23 (Junction 11)
Rail
Burgess Hill Rail (London Victoria in 48 mins)
Air
London Gatwick International
Situation
The property is located on the southern side of the pedestrianished Church Walk, Burgess Hill's primary retail thoroughfare.The Martlets Shopping Centre is located a short distance away and houses retailers including Argos, New Look and LIDL. Other nearby occupiers include the Post Office, Burgess Hill Theatre, Johnsons Dry Cleaners and Euronics.
Tenure
Freehold.
Location
Miles
4 miles south of Haywards Heath, 10 miles north of Brighton, 40 miles south of Central London
Roads
A23, A27, A272, M23 (Junction 11)
Rail
Burgess Hill Rail (London Victoria in 48 mins)
Air
London Gatwick International
Situation
The property is located on the southern side of the pedestrianished Church Walk, Burgess Hill's primary retail thoroughfare.The Martlets Shopping Centre is located a short distance away and houses retailers including Argos, New Look and LIDL. Other nearby occupiers include the Post Office, Burgess Hill Theatre, Johnsons Dry Cleaners and Euronics.
Tenure
Freehold.
Description
The property comprises a ground floor retail unit with residential accommodation on the upper floors let on a long lease.
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 a ground floor retail unit with residential accommodation on the upper floors let on a long lease.
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
Review/(Reversion)
Ground
Retail
62.40 sq m
(667 sq ft)
VACANT POSSESSION
–
–
–
First/Second
Residential
–
–
INDIVIDUAL
125 years from 17/02/2003 until 17/02/2128
£200
Every 25 years (1)
Total Approximate Commercial Floor Area
62.40 sq m
667 sq m
£200
(1) The rent increases to £300 p.a. from 17/02/2028, £500 p.a. from 17/02/2053 and £1,000 p.a. from 17/02/2078.
