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Office Accommodation Over Ground & 1st Floors, The Old Market House, 72 High Street, Steyning, BN44 3RD

824 Sq Ft / Offices / Investment

Withdrawn - Last updated: 18 July 2022

The attractive Grade II listed 18th century building comprises office accommodation over ground and first floors. The property's character is enriched by its clock tower and timber framed construction.

The ground floor comprises a reception room and further office, with a kitchen and WC. The first floor comprises 3 further offices along with access to the clock tower (which is owned, repaired and maintained by the Parish Council).

Location

Steyning is a bustling picturesque town within the South- Downs, situated off the A283, which provides easy access to both the A24 and the A27. Worthing is approximately 10 miles to the south-west and Horsham is approximately 17 miles to the north. The property is situated in the centre of the town, conveniently located opposite the main High Street car park.  

The High Street is home to a traditional range of shops and services to include two public houses, Truffles Bakery, The Co-operative, The Post Office and Sussex Produce.

Accommodation

The premises have the following approximate net internal floor areas:

Ground Floor - 418 sq ft (38.83 sq m)

First Floor - 406 sq ft (37.72 sq m)

Total - 824 sq ft (76.55 sq m) 

Terms

Tenure - The property is available by way of a sale of the freehold interest, subject to the existing tenancy.

Tenancy - The whole building is currently let to Beltons Public Accountants Ltd on a 10 year lease from 31 October 2018. at a rent of £11,000 for the first year, £12,250 per annum until 30 October 2021 and £13,500 per annum until 30 October 2023. The lease is outside of the provisions of the Landlord and Tenant Act 1954.

There shall be an upward only rent review at the fifth anniversary of the term and tenant only breaks on 31 October 2021 and 31 October 2025, subject to six months' prior written notice.

VAT - VAT is not applicable on the terms quoted.

Legal Costs - Each party to be responsible for their own legal costs.

Price - £350,000.00 Offers in the order of

Rates Payable - £2,749.60 per annum 100% small business rates relief available, subject to the status of the tenant. We advise that you contact the Local Rating Authority for confirmation of the actual amount payable.

Rateable Value - £5,600.00

EPC Rating - EPC exempt - Listed building

Specification

  • Gas fired central heating
  • Kitchen
  • WC


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