Regent House High Street Crowborough East Sussex TN6 2QA

Regent House
High Street
Crowborough
East Sussex
TN6 2QA

Freehold Retail/Residential Investment

  • Entirely let to WH Smith Retail Holdings Limited with guarantee t/a British Bookshops & Stationers
  • Lease expires 2026 (subject to option)
  • Prominent High Street location in affluent Sussex town
  • Nearby occupiers include Costa, Boots, WH Smith, Waitrose and Morrisons supermarkets
  • Lot
    11
  • Auction
    13th July 2017
  • Rent
    £21,200 per Annum Exclusive
  • Status
    Sold
  • Price
    £295,000
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
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  • Map

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

Freehold Retail/Residential Investment

  • Entirely let to WH Smith Retail Holdings Limited with guarantee t/a British Bookshops & Stationers
  • Lease expires 2026 (subject to option)
  • Prominent High Street location in affluent Sussex town
  • Nearby occupiers include Costa, Boots, WH Smith, Waitrose and Morrisons supermarkets
  • Lot 11
  • Auction 13th July 2017
  • Rent
  • Status Sold
  • Price £295,000
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG

Property Information

Location
Miles
7 miles south-west of Royal Tunbridge Wells, 23 miles north-east of Brighton
Roads
A22, A26, M23, M25
Rail
Crowborough Railway Station
Air
London Gatwick Airport
Situation

Crowborough is an affluent commuter town situated on the A26 between Royal Tunbridge Wells and Brighton. The property is prominently situated on the east side of the High Street, in the heart of the town centre. The property is situated close to Waitrose and Morrisons supermakets, with other nearby occupiers including Costa, Boots and WH Smith.

Tenure

Freehold.

Location
Miles
7 miles south-west of Royal Tunbridge Wells, 23 miles north-east of Brighton
Roads
A22, A26, M23, M25
Rail
Crowborough Railway Station
Air
London Gatwick Airport
Situation

Crowborough is an affluent commuter town situated on the A26 between Royal Tunbridge Wells and Brighton. The property is prominently situated on the east side of the High Street, in the heart of the town centre. The property is situated close to Waitrose and Morrisons supermakets, with other nearby occupiers including Costa, Boots and WH Smith.

Tenure

Freehold.

Description

The property comprises ground floor retail accommodation with ancillary accommodation in the basement. The first and second floors comprise two self-contained residential flats sublet on long leases.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

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 in the basement. The first and second floors comprise two self-contained residential flats sublet on long leases.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

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

Tenancy & Accommodation

Floor Use Floor Area
(Approx)
Tenant Term Rent p.a.x Review/
(Reversion)
Ground
Basement
First
Second
Retail/Ancillary
Ancillary
Residential (4)
Residential (4)
141.64 sq m
42.2 sq m
Not measured
Not measured
(1,525 sq ft)
(454 sq ft)
WH SMITH RETAIL
HOLDINGS LIMITED (1)
GUARANTEED BY WH
SMITH HIGH STREET
HOLDINGS LIMITED (2)
t/a British Bookshops &
Stationers
15 years
from
25/10/2011
(3)
£21,200 25/10/2021
(24/10/2026)
Total Commercial Area
183.84 sq m
(1,979 sq ft)
    £21,200  

(1) For the year ending 31st August 2016, WH Smith Retail Holdings Limited reported a turnover of £175,131,000, pre-tax profits of £75,302,000 and a total net worth of £461,234,000 (Source: Experian Group 14/06/2017).
(2) For the year ending 31st August 2014, WH Smith High Street Holdings Limited reported pre-tax profits of £36,304,000 and a total net worth of £104,548,000 (Source: Experian Group 14/06/2017).
(3) The lease is subject to a tenant option to determine on 25th October 2021.
(4) The residential flats have been sublet on long leases each for a term of 125 years from 2002 at a rent of £100 per annum.

Property Documents

  • Catalogue Page
    Updated Date
    21.06.17
    File Size
    712 KB
    View PDF
  • Site Plan
    Updated Date
    21.06.17
    File Size
    2 MB
    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

Seller's Solicitors
Fladgate LLP 16, Great Queen Street
London
WC2B 5DG
Stephen Lewis 0203 036 7231slewis@fladgate.com

Useful Links

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

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