- Freehold Mixed Investment
- Currently Arranged as Retail Unit Let to Oxfam at £20,000 Per Annum and Maisonette Sold Off on Long Lease
- Sought After Cliffe Area of Lewes
LOCATION Situated within Lewes an East Sussex County town nestled within the Southdown’s National Park the property occupies a prominent commercial location on the north side of Cliffe High Street. The historic Harvey’s Brewery is situated closeby with the area represented by many multiples including Bill’s, Tesco, Waitrose, WH Smith and Costa Coffee along with an abundance of independent shops. Lewes mainline railway station with direct links to London and Brighton is within walking distance and excellent road links to the surrounding areas are provided by the A27.
DESCRIPTION The property is a Grade II listed mid-terraced mixed use property. The property comprises a retail unit on part of the ground floor (front) with a maisonette on the ground (rear) and first floor with a small courtyard garden. ACCOMMODATION Retail Unit Front Retail Area Width: 7.5m Depth: 7.9m (left hand side of shop) Depth: 6.5m (right hand side of shop) NB: Depth measured into deep recessed bay window. Rear Room: 4.9m x 3.8m. Door to passageway. Large Cupboard Cloakroom: Low level WC and basin Kitchen Area TENANCY SCHEDULE RETAIL UNIT The retail unit is currently let to Oxfam on a 10 year full repairing and insuring lease from 4th November 2005. The tenants are currently holding over under Part II of the Landlord and Tenant Act 1954 at a passing rent of £20,000 per annum. MAISONETTE The maisonette has been sold off on a long lease providing annual ground rent income. Lease: 125 years from 1st February 2005 Ground Rent: £100 per annum for first 25 years and increasing thereafter. Maintenance: Full repairing and insuring by way of service charge payments. TENURE Freehold subject to existing tenancies
Cornfield Law, 47 Cornfield Road, Eastbourne, BN21 4QN Tel: 01323 412512 Contact: Andrew Board
Guide Price & Reserves
Generally speaking Guide Prices are provided as an indication of each seller’s minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.