SHOP AND SELF CONTAINED UPPER FLAT - MIXED COMMERCIAL INVESTMENT (BUSINESS UNAFFEFCTED)
Mixed investment ground floor retail and upper self contained 1 bedroom flat, let on a single commercial lease to Beaumont Estate Agents - producing £16,000pa exclusive.
An Edwardian mid terrace property with ground floor commercial unit occupied by Beaumont Estate Agents & a self contained 1 bedroom flat to the first floor; occupied by a protected tenant, with a registered fair rent of £655pcm. The property also provides a rear garden, accessed via a shared service road.
Location
The property is situated on the West side of Ditchling Road within Kings Parade, close to the popular area of Fiveways.
Accommodation
COMMERCIAL
Total Floor Area - 51 sq.m.
FLAT
Accessed via a separate front internal entrance, with staircase ascending to:-
Front Lounge - 4 x 5.1
KItchen - 3.5 x 3.4
Bathroom & Bedroom - 4.8 x 3.1
Total Floor Area - 64 sq.m.
Terms
TENANCY
The commercial and residential units are let to Beaumont Estate Agents on a 10 year full FRI lease, expiring on 23rd June 2029. The lease is subject to a 15 year extension from June 2024 with rent reviews every 5th year and a break in the fifth and tenth year. Rents remain at £16,000pa exclusive
Specification
TENURE
Freehold
COUNCIL TAX
Band B
EPC
Flat - E