Auction Venue Radisson Blu Portman Hotel 22 Portman Square 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 Railway Station
Air
London Gatwick Airport
Situation
Burgess Hill is an affluent commuter town located 10 miles north of Brighton and 40 miles south of Central London. The property is situated in a prime position on the north side of Church Road directly opposite an entrance to Market Place Shopping Centre, housing occupiers including Waitrose, Boots the Chemist, Costa and Wilko.
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 Railway Station
Air
London Gatwick Airport
Situation
Burgess Hill is an affluent commuter town located 10 miles north of Brighton and 40 miles south of Central London. The property is situated in a prime position on the north side of Church Road directly opposite an entrance to Market Place Shopping Centre, housing occupiers including Waitrose, Boots the Chemist, Costa and Wilko.
Tenure
Freehold.
Description
The property comprises ground floor retail accomodation with four self-contained residential flats (2 x two bedroom duplex’s and 2 x three bedroom duplexes) on the first and second floors, accessed from the front.
Six Week Completion
Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.
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 accomodation with four self-contained residential flats (2 x two bedroom duplex’s and 2 x three bedroom duplexes) on the first and second floors, accessed from the front.
Six Week Completion
Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.
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.
Ground
Retail/Ancillary
298.58 sq m
(3,214 sq ft)
SUPERDRUG STORES PLC (1)
Term of years commencing 24/07/2003 expiring on 24/12/2016 (by way of lease extension)
£45,100
First (Flat 1)
Residential
3 Bedroom Flat
INDIVIDUALS
AST for 6 months from 07/12/2013 at £825 p.c.m.
£9,900 (2)
First (Flat 2)
Residential
2 Bedroom Flat
INDIVIDUALS
AST for 6 months from 15/06/2013 at £825 p.c.m.
£9,900 (2)
Second (Flat 3)
Residential
2 Bedroom Flat
INDIVIDUALS
AST for 1 year from 22/02/2015 at £850 p.c.m.
£10,200 (2)
Second (Flat 4)
Residential
3 Bedroom Flat
INDIVIDUALS
AST for 1 year from 22/11/2014 at £875 p.c.m.
£10,500 (2)
Total Commercial
298.58 sq m
(3,214 sq ft)
£85,600 (2)
1) For the year ending 28th December 2013, Superdrug Stores plc reported a turnover of £1,010,212,000, pre-tax profits of £28,982,000 and a total net worth of £122,235,000. (Source: www.riskdisk.com 23/04/2015) (2)Annual equivalent rent.
