42 - 44 Church Road & Flats 1 - 4 Churchill Court Burgess Hill West Sussex RH15 9AE

42 - 44 Church Road & Flats 1 - 4 Churchill Court
Burgess Hill
West Sussex
RH15 9AE

Prime Freehold Retail and Residential Investment

Retail let to Superdrug Stores plc
Four self-contained residential flats above let on AST’s
Potential to create further residential units – previous planning for a total of 8 flats
Prime town centre location opposite The Martlets/ Market Place Shopping Centre
Affluent London and Brighton commuter town
Nearby occupiers include Waitrose, Boots the Chemist, Costa, WH Smith and Caffè Nero
Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>

Lot
33
Auction
21st May 2015
Rent
£85,600 per Annum Exclusive
Status
Withdrawn Post
Price
Auction Venue
Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

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Prime Freehold Retail and Residential Investment

Retail let to Superdrug Stores plc
Four self-contained residential flats above let on AST’s
Potential to create further residential units – previous planning for a total of 8 flats
Prime town centre location opposite The Martlets/ Market Place Shopping Centre
Affluent London and Brighton commuter town
Nearby occupiers include Waitrose, Boots the Chemist, Costa, WH Smith and Caffè Nero
Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>

Lot 33
Auction 21st May 2015
Rent £85,600 per Annum Exclusive
Status Withdrawn Post
Price
Sector
High Street Retail
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

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

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.