Entirely let to Blacks Outdoor Retail Limited (t/a Millets), a part of JD Sports Fashion plc
Lease includes a 3 bedroom maisonette (sublet)
Asset management opportunities including residential development potential above (subject to planning and consents)
Excellent location close to The Orchards Shopping Centre
Nearby occupiers include Marks & Spencer, Fat Face, Next and Boots the Chemist
Attractive and prosperous West Sussex town
For the Seller's Legal Pack, please click the Property Documents tab below
Lot 40
Auction 23rd March 2016
Rent £45,000 per Annum Exclusive
Status Sold
Price £600,000
Sector High Street Retail
Auction Venue The Millennium Hotel 44 Grosvenor Square London W1K 2HP
Property Information
Location
Miles
12 miles north of Brighton
36 miles south of Central London
Roads
A22, A23, A272, M23
Rail
Haywards Heath Railway Station
Air
Gatwick Airport
Situation
The property is situated in a highly prominent retailing position on the northern side of South Road, opposite its junction with Haywards Road. The Orchards Shopping Centre is within close proximity, housing occupiers including Marks & Spencer, Superdrug, Fat Face and Next, with other nearby occupiers including 99p Stores, Boots the Chemist, Co-operative Food, WH Smith, Iceland and Waterstones.
Tenure
Freehold.
Location
Miles
12 miles north of Brighton
36 miles south of Central London
Roads
A22, A23, A272, M23
Rail
Haywards Heath Railway Station
Air
Gatwick Airport
Situation
The property is situated in a highly prominent retailing position on the northern side of South Road, opposite its junction with Haywards Road. The Orchards Shopping Centre is within close proximity, housing occupiers including Marks & Spencer, Superdrug, Fat Face and Next, with other nearby occupiers including 99p Stores, Boots the Chemist, Co-operative Food, WH Smith, Iceland and Waterstones.
Tenure
Freehold.
Description
The property comprises a well configured ground floor shop with a self-contained three bedroom maisonette above.
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 a well configured ground floor shop with a self-contained three bedroom maisonette above.
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
Review/(Reversion)
Ground First/Second
Retail/Ancillary Residential (sublet)
165.36 sq m (1,780 sq ft) Three Bedroom Maisonette
BLACKS OUTDOOR RETAIL LIMITED (1) (t/a Millets)
20 years from 11/10/2002 on a full repairing and insuring lease
£45,000
11/10/2017 (10/10/2022)
Total Commercial Area
165.36 sq m (1,780 sq ft)
£45,000
(1) Blacks Outdoor Retail Limited is a subsidiary (and part of The Outdoor Division) of JD Sports Fashion plc. It currently trades from around 74 Blacks and 80 Millets stores in the UK. (Source: www.jdplc.com and www.millets.co.uk). We understand that the maisonette is sublet at £9,100 per annum.
