The premises comprise a ground floor office occupied by Hailsham Chiropractic Clinic together with basement storage, a 1st floor with 2 flats and 2 separate garages at the rear.
Location
Situated in the heart of Hailsham being a few yards from the junction of North Street, George Street and Station Road. The premises face towards the free shoppers car park for the Quintins shopping centre, Asda supermarket and the St Mary’s Walk shopping centre.
Accommodation
Ground Floor Wide entrance hall leading to inner lobby.
Room 1 10’3” x 14’9” (3.1m x 4.5m) 151 sq ft (14.0 sq m)
Room 2 10’3” x 22’ (3.1m x 6.7m) 226 sq ft (21.0 sq m)
Room 3 6’ x 15’6” (1.8m x 4.7m) 93 sq ft (8.6 sq m)
Reception 16’3” x 14’3” (4.9m x 4.3m) 232 sq ft (21.6 sq m)
Room 4 11’6” x 12’ (3.5m x 3.6m) 138 sq ft (12.8 sq m)
Cloakroom
With w.c. + hand basin.
Door to:
Lower Ground Floor
Comprises a series of interconnecting areas totalling approx. 540 sq ft (50 sq m).
The lower ground floor is not currently let to any particular tenant. The chiropractors have use of one room as a darkroom. There is an on-wall gas boiler supplying radiators on the ground floor.
1st Floor Residential accommodation
From the rear of the building is an external metal staircase leading to the two flats on the 1st floor.
Flat 1
Sitting room/kitchen area 20’3” x 14’9” (6.2m x 4.5m)
Bedroom 14’3” x 12’3” (4.3m x 3.7m)
Within this area is a shower, low level w.c. + pedestal hand basin.
Flat 2
Sitting room 15’9” x 18’3” (4.8m x 5.5m)
Archway to:
Kitchen 8’6” x 10’3” (2.6m x 3.1m)
Bedroom 11’ x 17’ (3.3m x 5.2m)
Door to:
Power shower unit + pedestal hand basin & low level w.c.
Outside In the rear courtyard behind this and the adjoining property is a block of 4 garages 2 of which are in the title of this property. Not inspected.
Terms
TENANCIES - The ground floor is let for a term from 1 Dec 2012 expiring 30 Nov 2027. The lease contains review dates on 1 Dec 2017 and 1 Dec 2022. The current rent is £15,800 per annum. The lease is on an internal repairing & insuring basis. It excludes the roof, the common parts and the external walls. There is a schedule of condition. The Landlord covenants to keep the building other than the interior of the premises and the external paintwork in good and sound structural condition.
Flat 1 is let at £850 per calendar month (£10,200 pa).
Flat 2 is let at £900 per calendar month (£10,800 pa).
Both rents are currently paid up to date and there are rent deposits.
Access to the two garages is not available currently. We are informed they may contain redundant files but are a potential source of further income or alternatively could be sold.
Total Current Rental Income £36,800 pa.
PRICE - Offers in the region of £425,000 for the freehold subject to the existing leases. This would show a return before costs of 8.7%
RATES:
Local Authority: Wealden SBR (23/24): 49.9p
Business rates: Ground floor: Rateable value £9,300
Basement Rateable value £4,950
Council tax: Both flats Band A
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 - The Vendor has been advised that energy performance certificates are required.