Oldfield Smith have available to buy freehold a mixed tenancy investment at Gun Hill. The premises are located approximately 2 miles along Nash Street, just past the Gun public house, from its junction with the main A22 London to Eastbourne Road, between Golden Cross and Lower Dicker.
The site comprises 2 buildings originally designed to accommodate 4 separate units of accommodation in each. All units are air conditioned. The site is fence enclosed with electric security entrance gate activated by both key pad and remotely.
Units 1 – 4 are let to Aequitas accountants
Units 5 & 6 to Sasbah charity
Unit 7 to R J Courtel telecoms
Unit 8 to Turner tools
It is considered possible, subject to obtaining any necessary consents, to construct further units on the site.
Currently the site generates an income of £50,000pa. Offers invited in the region of £750,000 for the freehold subject to the above lettings representing a return of 6.67% before purchasers costs. One of the leases is currently in the process of being renewed with a proposed increase in rent which, when completed, will better the return shown.
Further information is available by clicking the link here or contacting us on 01825 762222