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Retail Investment With Land & Workshop, 39 High Street, Heathfield, TN21 8HU

1,292 Sq Ft / Retail / Investment

Withdrawn - Last updated: 16 January 2024

The premises comprise a building on 4 floors with a detached building and land at the rear.

Location

Heathfield is a busy, prosperous market town with the Main A267 running through via the High Street. The premises are in a prominent position on the south side of the High Street. Other businesses in the vicinity include collectable furniture, takeaways, greengrocers, estate agents and gifts.

Accommodation

Shop

Internal width 27’6” (8.4m) narrowing to 21’ (6.4m) Shop depth 30’3” (9.2m)

Sales area  - 805 sq ft (74.8 sq m)

Kitchen 6’6” x 11’ (2.0m x 3.4m) 72 sq ft (6.7 sq m)

There was formerly a staircase from the rear of the shop to:

Lower Ground Floor Workshop/store (not inspected) - 11’3” x 13’6” (3.4m x 4.1m) 152 sq ft (14.1 sq m)

The staircase has been removed and access is currently only via an external door at the rear of the building.

Separate entrance from High Street to:

Office Suite Hallway with stairs to lower ground floor. Stairs to:

1st Floor

Reception 12’3” x 14’3” (3.7m x 4.3m) 175 sq ft (16.2 sq m)

Doors to:

Rear office 1 8’9” x 14’3” (2.7m x 4.3m) 125 sq ft (11.6 sq m)

Front office 1 15’6” x 15’9” (4.7m x 4.8m) 236 sq ft (21.9 sq m)

Front office 2 15’9” x 14’9” (4.8m x 4.5m) 232 sq ft (21.6 sq m)

Rear office 2 10’6” x 6’3” (3.2m x 1.9m) 66 sq ft (6.1 sq m)

2nd Floor

Storeroom No natural light. 6’6” x 5’ (2.0m x 1.5m) 33 sq ft (165.5 sq m)

Rear room 13’9” x 14’3” (4.2m x 4.3m) 196 sq ft (18.2 sq m)

Front room 13’3” x 13’6” (4.0m x 4.1m) 179 sq ft (16.6 sq m)

Lower Ground Floor - Office Suite

Accessed from Hallway.

Kitchen 10’ x 5’ (3.0m x 1.5m) 50 sq ft (4.6 sq m)

Lobby Door to outside + 2 separate cloakrooms each with low level w.c & hand basin.

Summary of Office Suite Floor Areas

1st floor area 834 sq ft (77.5 sq m)

2nd floor area 408 sq ft (37.9 sq m)

Lower ground floor area 50 sq ft (4.6 sq m)

Toal Overall Office Suite Floor Area 1,292 sq ft (120.0 sq m)

Rear Store & Land - currently vacant
Access is via twin metal gates leading into a passageway between 43 High Street (Bombay Spice) and 45 High Street (Sussex by the Sea).

The rear store is a detached single storey brick built building divided into 3 sections.

Section 1 - 19’3” x 9’3” (5.9m x 2.8m) 178 sq ft (16.5 sq m)

Section 2 - 13’3” x 13’ (4.0m x 3.9m) 172 sq ft (16.0 sq m)

Section 3 - 5’9” x 14’ (1.8m x 4.3m) 81 sq ft (7.5 sq m)

Overall 431 sq ft (40.0 sq m)

Ceiling height 7’6” (2.3m)

This rear building was formerly used as a workshop. The area of land below the brick building is approx. 45’ x 39’ (14m x 12m) and is not a regular shape. The area from the gates to the building is approx. 27’ x 17’6” (8m x 5m).

Total overall area approx. 1,800 sq ft (167 sq m)

Between the back of the store and the back of the main building is an additional area used as a circulation space.

This rear area is held on 2 titles one of which confirms that there is access via the passageway leading to the High Street.

It is considered that this area would be suitable for development for additional workshops/storage space or possibly residential subject to any necessary consents. Access is via twin metal gates leading into a passageway between 43 High Street (Bombay Spice) and 45 High Street (Sussex by the Sea).

Terms

TENANTS:

Shop - Grd + Lwr Grd - Let to Tote Bookmakers Ltd, assigned to Betfred for a term of 15 years from June 2008 expiring in June 2023. Rent reviews every 5 years. The lease is on an internal repairing & insuring basis + a contribution equivalent to 1/3 of cost of external maintenance. Passing rent £XXX pa.

Office Suite - Let to Mr Peter Bailey trading as a licensed conveyancer/solicitor for a term of 15 years from Jan 2008 with reviews every 5 years on an internal repairing & insuring basis with no contribution to external maintenance. Passing rent £XXX pa. Mr Bailey has indicated that he would like to renew his lease at the end of the current term.

PRICE - was £XXX now £XXX for the freehold interest subject to the existing tenancies and with vacant possession of the rear store & land.

RATES - Local Authority: Wealden SBR (22/23): XXX
Shop Rateable value : £XXX
Office suite Currently rated together with another property.

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 - The Vendor has been advised that an energy performance certificate is required.


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