68 High Street
Steyning, BN44 3RD
FREEHOLD INVESTMENT FOR SALE
CHARACTER RETAIL PREMISES
133.78 SQ M (1,440 SQ FT)
Status
For Sale
Location
The property is situated on the north-eastern side of the High Street in the attractive town of Steyning, immediately opposite the town centre car park, on the corner of Elm Grove Lane, which itself leads to Tanyard Lane.
The High Street provides a traditional range of shops and services, creating a thriving centre.
Description
This attractive Grade II listed property is recorded as a medieval timber-framed building of 'Wealden' type.
The property comprises a ground floor retail area together with first floor, which is accessed internally and offers accommodation that at present is used as offices and storage and benefits from a kitchen area.
The ground floor retail area is over split levels and leads to a back area which benefits from rear access and loading. The property also benefits from 2 car parking spaces.
Available area
The property has the following approximate net internal floor areas:-
| Description | sq ft | sq m |
|---|---|---|
| Ground Floor Sales Area | 762 | 70.79 |
| Ground Floor Ancillary | 131 | 12.17 |
| First Floor Storage and Ancillary | 547 | 50.82 |
| Total | 1,440 | 133.78 |
Tenure
The property is available by way of a sale of the freehold interest, subject to the existing tenancy.
Tenancy
The property is let to Foundry Cast Iron Ltd by way of a ten-year lease from 27 April 2020 at the current rent of £16,500 per annum. There is an outstanding rent review from 27 April 2025.
VAT
VAT is not applicable on the terms quoted.
Legal Costs
Each party to be responsible for their own legal costs.
Price
Offers in the region of £250,000
Business Rates
Rateable Value of £27,750 with a UBR of 43.2 p in £
Energy Performance Rating
This property has been set as EPC exempt.
Reason: Listed building
Viewing & Further Information
For further information, or if you would like to arrange a viewing, please contact our agents:
