29 Station Street Lewes East Sussex BN7 2DB

  • 29 Station Street<br>Lewes<br>East Sussex<br>BN7 2DB

29 Station Street
Lewes
East Sussex
BN7 2DB

Well Located Town Centre Retail Investment

  • New 5 year occupational lease from November 2017
  • Well located on principal route between High Street and Lewes Railway Station
  • Nearby occupiers include ASK, Caffè Nero, Fat Face, Mint Velvet and Santander Bank
  • Historic and affluent East Sussex town
  • Lot
    58
  • Auction
    24th May 2018
  • Rent
    £16,000 per Annum Exclusive
  • Status
    Sold
  • Price
    £166,000
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
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Well Located Town Centre Retail Investment

  • New 5 year occupational lease from November 2017
  • Well located on principal route between High Street and Lewes Railway Station
  • Nearby occupiers include ASK, Caffè Nero, Fat Face, Mint Velvet and Santander Bank
  • Historic and affluent East Sussex town
  • Lot 58
  • Auction 24th May 2018
  • Rent £16,000 per Annum Exclusive
  • Status Sold
  • Price £166,000
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG

Property Information

Location
Miles
8 miles north-east of Brighton, 23 miles south-west of Tunbridge Wells
Roads
A26, A27, M23, M25 (Junction 7)
Rail
Lewes Railway Station
Air
London Gatwick Airport
Situation

Lewes is a historic and affluent East Sussex town situated 8 miles from Brighton, located on the south coast. The property is situated in the heart of the town centre on the west side of Station Street, just off High Street and Station Road, the town's principal route from High Street to the Railway Station. Nearby occupiers include ASK, Caffè
Nero, Fat Face and Santander Bank.

Tenure

Long Leasehold. Currently held for a term of 99 years from 17th January 1985 at a peppercorn rent. The headlease is currently being extended to provide a new lease for a term of 125 years at a peppercorn rent. The agreement for the new headlease has been exchanged on 13th April 2018 and completion will be simultaneous with the auction sale.

Location
Miles
8 miles north-east of Brighton, 23 miles south-west of Tunbridge Wells
Roads
A26, A27, M23, M25 (Junction 7)
Rail
Lewes Railway Station
Air
London Gatwick Airport
Situation

Lewes is a historic and affluent East Sussex town situated 8 miles from Brighton, located on the south coast. The property is situated in the heart of the town centre on the west side of Station Street, just off High Street and Station Road, the town's principal route from High Street to the Railway Station. Nearby occupiers include ASK, Caffè
Nero, Fat Face and Santander Bank.

Tenure

Long Leasehold. Currently held for a term of 99 years from 17th January 1985 at a peppercorn rent. The headlease is currently being extended to provide a new lease for a term of 125 years at a peppercorn rent. The agreement for the new headlease has been exchanged on 13th April 2018 and completion will be simultaneous with the auction sale.

Description

The property comprises a newly fitted ground floor shop forming part of a larger building.

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 newly fitted ground floor shop forming part of a larger building.

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 Reviews
Ground Retail/Ancillary
74.97 sq m
(804 sq ft)
 HEART COFFEE
LIMITED (1) with
personal guarantees		 5 years from 21/11/2017 until 20/11/2022
on a full repairing and insuring lease		 £16,000 (2) 21/11/2020
Total
74.97 sq m
(804 sq ft)
 £16,000

(1) The tenant changed its name on 28th February 2018 to Carafe Coffee Roasters Limited.
(2) A rent deposit of £8,000 plus VAT is held by the Vendor.

Contacts

Acuitus
David MargolisDavid Margolis +44 (0)20 7034 4862 +44 (0)7930 484 440david.margolis@acuitus.co.uk
Seller's Solicitors
Shranks Solicitors Ruskin House40-41 Museum Street
London
WC1A 1LT
Jeremy Ticktum 020 7831 6677jt@shranks.co.uk

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk
Property InsuranceBrown & BrownNatasha WardBroking Director+44 7545 208 759bbrown.com

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