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.
