The premises comprise a ground floor lockup shop with rear access. The residential flat above has been sold off on a long leasehold basis.
Location
Situated in the main trading thoroughfare of the Town being a few yards from the Fernbank Shopping Centre anchored by Morrisons supermarket. Other businesses in the immediate vicinity include a mobile phone shop, Boots the Chemists, an independent shoe shop, a barbers and T G Jones (formerly WH Smith).
Accommodation
Shop
Shop depth - 27’ (8.2m)
Internal width - 16’3” (5.0m)
467 sq ft (43.4 sq m)
Well fitted with laminate floor, suspended ceiling with inset lights & understairs cupboard. Door to:
Kitchenette
7’ x 5’6” (2.1m x 1.7m) 39 sq ft (3.6 sq m)
Recently fitted sink unit, space for fridge,+ wall & base units. Door to:
Separate cloakroom with low level w.c. & hand basin.
From the Kitchenette is a rear door which leads to a service passageway to the rear of this parade of shops with separate access back into the High Street.
Terms
The premises are let to an individual trading as a nail bar for a term of 12 years from 1st Nov 2021 with reviews in Sep 2024 and Sep 2029 and Sep 2031. The lease is on an internal repairing basis plus a service charge. The tenant pays a fair proportion of building insurance and external maintenance/structural repairs.
PRICE
Offers in the region of £128,000 for the freehold interest subject to the existing tenancy - equating to 7.5% before purchaser’s costs.
RENT
Currently £9,600 per annum exclusive of rates (following 2024 review).There is no ground rent paid by the flat.
RATES
Local Authority: Wealden SBR (26/27): 43.0p
Rateable value (April 2026) : £11,250
N.b. Eligible businesses occupying a property with a rateable value of less than £15,000 may be entitled to small business rate relief with properties having a rateable value of £12,000 or less paying no rates. Further details may be found at www.gov.uk/apply-for-business-rate-relief.
VAT
Under the Finance Act 1989 VAT may be chargeable on the price. It is recommended that a prospective purchaser should make their own enquiries to establish whether or not VAT is chargeable prior to entering into an agreement.
SERVICES
The mention of any appliances and/or services in these details does not imply they are in full and efficient working order.
EPC
Energy performance certificate Band D (84).