The premises comprise a spacious L-shaped shop trading as a wine bar with self-contained 3-bedroomed flat & patio accessed from the rear.
Location
Situated a short distance from the junction of the High Street with Church Street being immediately next to the Hutt Gallery. This northern end of the High Street has a number of professional businesses plus a variety of estate agents and restaurants/takeaway premises. Immediately to the side of the nearby Thai Terre restaurant is a pedestrian walkway leading to a private car park with spaces for this shop and a free shoppers park accessed from Regency Close.
Accommodation
SHOP
Front section
Max. internal width 28’ (8.5m)
Max. depth 24’9” (7.5m)
Depth to pillars 18’ (5.5m)
Immediately connecting to:
Rear section 15’9” x 13’ (4.8m x 4.0m) 205 sq ft (19.0 sq m)
Access to rear patio.
Total Possible Retail Area - 827 sq ft (76.8 sq m)
From rear section, door to:
Large lobby
with sink unit having cupboards under + electric water heater over and space for fridge.
Door to:
Cloakroom with low level w.c., extractor fan & hand basin.
1st/2nd Floor FLAT
Accessed from the rear of the property via Regency Close free shoppers car park and private car park to rear of property.
Ground Floor Small lobby with stairs to:
1st Floor Landing. Door to hallway leading to:
Kitchen Slightly L-shaped, 12’9” x 6’ (3.9m x 1.8m) + 3’9” x 3’9” (1.1m x 1.1m) with various wall & base units, sink unit with space for washing machine and cupboard with Worcester gas-fired boiler supplying central heating & hot water.
Sitting room 12’3” x 16’9” (3.7m x 5.1m) with various feature beams to south wall. Beamed archway to:
Dining area 8’9” x 10’ (2.7m x 3.0m)
From sitting room, door to:
Study/Bedroom 3 6’6” x 16’9” (2.0m x 5.1m).
Rear bedroom 1 15’9” x 13’ (4.8m x 4.0m) with built-in wardrobe cupboard. Archway to:
Built-in shower with electric shower +extractor fan.
2nd Floor Large landing with useful storage alcove. Doors to:
Shower room with low level w.c., pedestal hand basin + shower.
Bedroom 2 19’9” x 12’3” (6.0m x 3.7m) .
N.b. The Flat benefits from central heating with radiators.
Outside To the immediate rear of the building is a covered patio area + outside store building . There is access to a private rear car park. where 2 spaces are allocated to this property. From the private car park is a pedestrian walkway alongside Thai Terre to the High Street + access to the free shoppers car park in Regency Close.
Terms
LEASE - The whole building is let to Amira’s Lounge Ltd for a term of 10 years from 29th April, 2021. The current rent is £25,000 per annum with a review due 30th April 2026. The lease is on a full repairing & insuring terms and there is a rent deposit. There is a tenant’s only break clause in April 2026 with 6 months notice. There is an obligation to contribute to the maintenance of the private car park.
BUSINESS - The premises have traded as a successful wine bar. The Directors of the Company also run the restaurant, Amira’s Kitchen, in Grange Road, Uckfield which is approx. 5 minutes walk away. The Directors have also recently acquired a lease on the Piltdown Man on the main A272 in Piltdown
PRICE - £295,000 for the freehold interest subject to the existing lease (but not including freehold title to the 2 car parking spaces in the private car park at the rear merely the right to park there). This shows a return of 8.47% before purchaser’s costs.
RATES - Local Authority: Wealden
Shop - Rateable value: £12,000 SBR (23/24): 49.9p
N.b. Eligible businesses occupying a property with a rateable value of less than £15,000 may be entitled to small business rate relief with properties having a rateable value of £12,000 or less paying no rates. Further details may be found at www.gov.uk/apply-for-business-rate-relief.
Flat - Council tax band B.
VAT - VAT will not be charged on the price.
SERVICES - The mention of any appliances and/or services in these details does not imply they are in full and efficient working order.