Potential redevelopment subject to obtaining any necessary consents
Currently fully let
Private car park to rear
VAT exempt
Description:
The premises are located along Whitehill Road, Crowborough and comprise 2 retail units, 2 office suites having direct access from Whitehill Road together with further office suite to the rear of the development and a 2 bed flat. Included in the sale is a good size car park to the rear with spaces allocated to the tenants to which they contribute to its maintenance and upkeep, including hedge cutting, via a service charge. The premises are arranged as follows:
Ryde House comprising offices over ground, first and second floor and having a total usable area of 82.9 sq m (889 sq ft). The suite has gas fired central heating and is self-contained with cloakroom. The premises are let to Bishops Services Limited at a rent of £9,000pa for a term of 6 years from September 2018
Ryde House shop, ground floor only, comprising launderette with private rear area used as office, fitted with sink unit and cloakroom and having access to rear of machines, overall 52.2 sq m (559 sq ft). There is a further door to the car park with access to water tank. The premises trades as Superclean launderette and are run by the owner of the site who will enter into a new lease at rent of £6,000pa.
Lilac House comprising offices over ground and first floor and having a total usable area of 71.2 sq m (761 sq ft). The suite has gas fired central heating and is self-contained with cloakroom and kitchen. It is let to the company Marjentin Media Limited at a rent of £8,400pa for a term of 3 years from August 2018
Stevensons shop comprising ground floor only and trading as Studio 4 hair dressers. The salon is split level with feature well having glass cover over within the floor and benefiting from kitchen to the rear and cloakroom. It is fitted with gas boiler supplying hot water and central heating. The premises are let for a term of 3 years from 2019 at a rent of £5,400pa
Stevensons maisonette comprising kitchen to the ground floor fitted with gas fired boiler. There are 2 bedrooms and one reception room at first floor. It is let at a rent of £750pcm (£9,000pa) under the terms of an assured shorthold tenancy for a period of one year from January 2021. The flat also benefits from an allocated car parking space.
The Old Stables (formally known as The Old Stables and Triple House) comprising offices over ground, first and second floor. Both suites are self contained with own cloakrooms and are separately centrally heated via gas boilers. They are let together to the company Edwards & Ward Limited at a rent of £24,800pa for a term of 7 years from June 2016. Further information regarding this company can be found at their web site: www.edwardsandward.co.uk
All commercial leases are excluded from the renewal provisions of the Landlord and Tenant Act 1954 providing possession for the landlord if required at the end of the tenancies without penalty or compensation to the tenants.
Total income currently £62,600pa
Offered for sale freehold subject to the above tenancies at £1.1M
Subject to obtaining any necessary consent it is considered there is redevelopment potential in the buildings and possible development in the car park to the rear.
