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property information
Commercial
Status: Guide Price
Type: For sale
Tenure : Freehold
Class: A1 Shops
Address: Portland Mews, London Road, Burgess Hill, West Sussex RH15 9RN, UK
Categories:
Retail Property (high street)
Shop
Price: £250,000
Min size: 759.00 sq ft

Freehold Investment For Sale

 

Status For Sale


Location
The building is situated on the southern side of St. George Road close to its junction with Portland Mews. This is a popular secondary trading location surrounded by residential dwellings and close to Royal Sussex Hospital buildings and a short walk from the Seafront Esplanade.

 

Description
The premises comprise a ground floor shop and basement, self contained one bedroom flat over the shop. The business currently trades as Delicia Sandwich Bar & Coffee Shop with the flat over being sublet by the tenant who has a Lease on the whole of the premises.

In greater detail the premises comprise with approximate internal dimensions :

Main Shop Sales 25.65 sq m - 276 sq ft

Rear Kitchen/Preparation Area 6.5 sq m. - 70 sq ft

Further Kitchen: 4.37 sq m - 47 sq ft

Lower Ground Floor:

Comprising 2 rooms with additional vault store and Bathroom with panelled bath, WC and wash hand basin 34.08 sq m - 366 sq ft.

Access to enclosed Yard.

Flat having the benefit of its own separate street entrance, alternatively accessed through the rear of the shop comprising :

Hallway with Stairs to First Floor

Bathroom, panelled bath bath, WC and wash hand basin.

Bedroom: 3.2 m x 3.8m

Kitchen 2.2m x 3.3m with Baxi Wall Mounted Gas Central Heating boliler.

Lounge with bay window 4.8m x 4.2m.

 

Tenure
Freehold, subject to existing tenancy.

The entire premises are held on a Full Repairing and Insuring Lease granted for a period of 15 years from 23rd September 2005 at a current passing rental of £12,000 per annum. Next review September 2015.

N.B. The Lease currently permits the subletting of the the flat on an Assured Shorthold tenancy basis at a rental of £750 pcm.

 

Planning
The premises currently have A1 retail consent.

 

Price
Offers are invited for the Freehold Interest, subject to the tenancy above:

Price Guide £250,000

 

Legal Costs
Each party to be responsible for their own legal fees.

 

EPC
To be provided.


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Retail Property (high street) for sale - Portland Mews, London Road, Burgess Hill, West Sussex RH15 9RN, UK

Listed on: 24 February 2015
£250,000
Guide Price
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