Under Offer Map view Street view 56a, America Lane, Haywards Heath, RH16 3QB 8,296 Sq Ft / Other / Investment For Sale - £850,000.00 Under Offer - Last updated: 11 September 2025 SummaryThe property is a converted former public house now comprising a mixed use building. At ground floor, the property is of commercial use, currently trading as a convenience store. The c-store lease also incudes a large basement which is accessed externally along the left-hand elevation via external concrete steps. At first floor there are two self-contained flats which are accessed via a common ground-floor entrance along the right hand elevation of the property adjacent to the car park. Externally, the property benefits from a customer car parking area to the right hand side providing a total of 10 spaces (including designated disabled parking), two of which are demised with the residential parts with the balance forming of the c-store demise.Key PointsFreehold / long-leasehold mixed-use investmentGF and Lower GF let to Alliance Property Holdings Limited. part of the Morrisons Group providing a total of 8,296 sq ft10-year FRI lease from 9th September 2019 expiring 8th September 2009 (approx. 4.5yrs unexpired)Annual rent £68,300 p.a. exclusiveTenant break option not exercised in 2024 committing to the premises for a further 5 yrsFirst Floor compromises 2 x residential flats sold off on a 150 yr leases at a combined annual rent of £300 p.a.Site area of approx. 0.25 acresNet yield 7.61% assuming purchaser's costs of 5.23%.TenanciesThe ground and lower-ground floors are let to Alliance Property Holdings Limited by way of an assignment of a 10yr FRI lease expiring 8th September 2029. The lease contains a Tenant-only break option September 2024 which has not been exercised. The annual rent is £68,000 exclusive. The two first floor flats have been sold-off on 150 year leases commencing August 2013. Each flat is liable for an annual ground rent of £150.00. The ground rent doubles on each 25yr anniversary until the end of the term. Therefore, the next fixed uplift is 2038 to £300.00 p.a. per flat. There is also a telecommunications lease over parts of the roof. The lease is vested in AP Wireless II (UK) Limited for a 30yr term expiring in 2046 at a peppercorn rent.TenureThe property is held by way of two titles and it is intended that both titles shall be transferred as part of the transaction. Freehold title: WSX174422 & Long-leasehold title: WSX359346 (999yrs from 2013).VATWe are informed that the commercial property is VAT elected. However, it is envisaged that the transaction will be treated as a ‘transfer of a going concern’ (TOGC).ProposalOffers sought in excess of £850,000 (Eight Hundred and Fifty Thousand Pounds) for the combined Freehold and LLH titles. A purchase at this level reflects a Net Initial Yield of 7.64%, assuming purchaser’s costs of 5.23%.LocationThe property is located in Haywards Heath, West Sussex, situated 14 miles North from Brighton and 13 miles South of Gatwick Airport. It fronts America Lane, just a 6-minute drive from Haywards Heath Train Station, offering rail connections to London, Brighton and Gatwick Airport. The property is situated within a high-density residential area creating a sustainable trading pitch. Various local bus services are available a short walk from the premises. Property Quote Price(s) DescriptionSale typeGuide pricePrice type For Sale Freehold £850,000.00 NA Documents and links Next Steps Contact an agent now The 'Contact agents' section contains agent phone number and a contact form. You can also request a viewing from here. Contact agent View similar properties View a list of similar properties in this postcode. You can also use the search filter at the top of the page to refine your search criteria. Show similar properties Send me updates To get regular updates about similar properties that match your search please register your email address. Get email updates Add to my shortlist Add this property to your shortlist. Just provide your name and email address so you can access these at a later date. Add to watchlist