16/16A High Street

*REDUCED ASKING PRICE*

MIXED RETAIL & RESIDENTIAL INVESTMENT

FREEHOLD FOR SALE

Status

For Sale

Location

The property is situated in a prominent location on Ardingly High Street, near to the South of England Showground. The village provides a number of local facilities including a bakery, a hairdressers, food takeaways and public houses.

Description

Premises comprise 2 adjacent ground floor retail units. Both units benefit from basement storage and No.16 also benefits from a separate garage/store.
No.16 is currently fitted out as a takeaway unit but will be sold with vacant possession and No. 16A is currently occupied by a company specialising in Scuba equipment.

There is a substantial 5/6 bedroom maisonette across the first and second floors that also benefits from a roof-terrace. The residential accommodation is presently inter-linked with No. 16, but could be made self-contained with minimal works.

Available area

The accommodation comprises the following approximate floor areas:

Tenure

The property is available by way of a sale of the freehold interest subject to the existing tenancy in respect of 16a but with vacant possession of 16 and the residential parts.

Tenancy

16A High Street is currently let to Gatwick Scuba Sales and Services for a term of 10 years from 22 December 2014, at a current rent of £11,000 per annum on full repairing and insuring terms.

VAT

VAT is not applicable on the terms quoted.

Business Rates and Council Tax

16 High Street has a Rateable Value of £6,400 and 16A High Street has a Rateable Value of £10,000 with a UBR of 49.9 p in £. The maisonette falls within Council Tax Band C. We advise interested parties to contact the Local Rating Authority for confirmation of the figures payable.

Legal Costs

Each party to be responsible for their own legal costs.

Price

Offers in the region of £630,000.00

Energy Performance Rating

Upon enquiry