The premises comprise a ground floor well fitted unit currently arranged as a showroom with offices above. They have recently been extensively refurbished with new cloakrooms including a disabled compliant facility, full suspended ceilings with inset LED lights, full height picture windows to Ghyll Road + new gas central heating system.
Location
Situated in the main part of Heathfield’s industrial area , forming part of 2 culde-sacs accessed off Ghyll Road. The subject premises lie between N Smith Electrical and County Windows. and are only a short distance away from the junction of Ghyll Road with Hailsham Road which becomes the A267 main which leads through to Horam and thence to Hailsham via the A22. Uckfield is some 8 miles to the west via the B2102. Other occupiers in this Estate include TFC Fasteners & Fixings.
Accommodation
Gross internal ground floor area 2,722 sq ft (252.9 sq m)
Eaves height 15’3” (4.6m)
Height to suspended ceiling 13’6” (4.1m)
The original roller shutter door is still in situ but has been modified with glazed window panels which can be removed.
Within the overall area is a personal door to outside + a lobby & stairs to the mezzanine.
Overall 506 sq ft (47.0 sq m)
Arranged as meeting room, office + a small amount of storage.
Total Overall Area 3,228 sq ft (299.9 sq m)
Outside Shared tarmacademed area for parking and manoeuvring. There are 8 spaces reserved for this unit.
Terms
TERMS - The unit is held for a term of 10 years from February 2023 having a tenant’s only break clause in February 2028 with 6 months notice. There is a rent review in February 2028. The lease is on full repairing & insuring basis with a current rent of £30,252 per annum.
Tenant is County Windows (Heathfield) Ltd which was established in 1982 and moved to Unit 17 Ghyll Road Industrial Estate in 2002 which it still occupies. In 2014 it expanded into Unit 18 to have more showroom space. It trades as County - The Home Improver and continues to trade successfully with a turnover in the region of £3.5m annually. The lease on Unit 18 was renewed last year.
PRICE - Offers in the region of £460,000 for the freehold interest subject to the existing lease. This shows a return of £6.57% before a purchaser’s costs.
RATES - Local Authority: Wealden SBR (24/25): 49.9p
Currently rated with Unit 17 Rateable value £35,250
VAT - Under the Finance Act 1989 VAT may be chargeable on the price. It is recommended that a prospective purchaser should make their own enquiries to establish whether or not VAT is chargeable prior to entering into an agreement.
SERVICES - The mention of any appliances and/or services in these details does not imply they are in full and efficient working order.
EPC - Energy performance certificate Band C (66).