Freehold Commercial Investment - Producing £8,100 Per Annum

The property forms part of a terrace on the south side of Lower Church Road. This two storey building consists of a ground floor commercial unit, currently let at £8,000 per annum - being run as a hairdressers. The first floor flat has been sold off on a long lease. Situation The property is located opposite St Johns Park, within close proximity of other independent retailers. Burgess Hill town centre and main line railway station, are both within half a mile of Lower Church Road. Location Pin (What3Words): cycled.space.forehand https://w3w.co/cycled.space.forehand NB WE DRAW YOUR ATTENTION TO THE SPECIAL CONDITIONS IN THE LEGAL PACK, REFERRING TO OTHER CHARGES IN ADDITION TO THE PURCHASE PRICE. PLEASE ENSURE YOU READ THE SPECIAL CONDITIONS THOROUGHLY Accommodation Retail Space - 35.76 Staff Room/Kitchen - 6.8 W/C Total Floor Area - 42 sq.m. Tenure Freehold Rent The ground floor shop is let on a 5 year lease - expired 26th October 2019, current rent of £8,000 pa - the tenant is holding over. Lease The first floor flat is sold off on a long lease - 125 years from the 6th March 2020, with a fixed ground rent of £100 pa. Rateable Value - £6,700 pa EPC Rating Commercial - D

Lot Type

Commercial Investment

Additional Fees

Administration Charge - Purchasers will be required to pay an Administration fee of 1% (inc VAT) of the sale price, subject to a minimum of £1,750 (inc VAT)

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.