7 Commercial Square

Under Offer

FREEHOLD MIXED USE INVESTMENT

GROUND FLOOR RETAIL WITH A

SELF-CONTAINED 3-BED FLAT ABOVE

Status

For Sale

Location

The property is located in Commercial Square, a prominent secondary retail parade within Haywards Heath. The parade benefits from high levels of footfall and passing traffic due to its location opposite the mainline railway station.

Description

The property comprises open plan ground floor retail accommodation benefiting from a WC and a kitchenette and forecourt parking to the front.

There is a 3-bedroom self-contained flat over upper floors, which has been recently refurbished to a high standard and is accessed to the rear. The flat provides a kitchen, living room, downstairs WC, 2 spacious bedrooms and a smaller box room. The bathroom is located between the ground and first floors. The third floor roof space offers potential for conversion (stp). There is also a paved garden and a garage to the rear.

Available area

The accommodation comprises the following approximate net internal floor areas:

Tenure

The property is available by way of a sale of the freehold interest, with the ground floor currently rented to Macari’s Ltd on an effectively full repairing and insuring 5-year lease from 20 September 2023, at a rent of £15,500 per annum exclusive. The self-contained flat comes with vacant possession.

VAT

VAT is understood not to be applicable on the terms quoted.

Legal Costs

Each party to be responsible for their own legal costs.

Price

Offers in excess of £500,000

Business Rates

Rateable Value of £10,750 with a UBR of 49.9 p in £. 100% small business rates relief is available subject to a tenant's status. Flat 7A is assessed in council tax band B.

Energy Performance Rating

Upon enquiry