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Freehold Investment Property, Vernon House, 24 Warren Road, Woodingdean, BN2 6BB

198 to 236 Sq Ft / Retail / Investment

For Sale - £850,000.00

Under Offer - Last updated: 03 June 2019

Two Shop units and 4 flats available for sale.

Location

Situated in a prominent position on a busy arterial route, close to an extensive parade of local shops and a busy Tesco Esso Express service area. Frequent bus services serve this location, and Woodingdean Library,  the Nuffield Hospital, Downs View School and Woodingdean Primary School are in the vicinity. The premises have a frontage to Warren Road and Vernon Avenue.  

Accommodation

Ground Floor - Retail - Arranged as two shop units (236 sq ft amd 198 sq ft).  The tenant is holding over under the terms of a six year lease from 1 June 2011 at a current rental of £6,000 pa ex.  The lease is within the 1954 Landlord & Tenant Act.  The tenant has indicated they would like a new lease.

Garage - 310 sq ft - shared use between residential tenants

1st Floor

Flat 1 - Let on AST from 25 May 2017 at present rental of £8,700 pa

Flat 2 - Let on AST from 19 May 2017 at present rental of £11,100 pa

2nd Floor

Flat 3 - Let on AST from 16 August 2017 at present rental of £9,000 pa

Flat 4 - Let on AST from 25 May 2015 at present rental of £11,100 pa

Total present rental income £45,900 per annum 

Terms

Offers are invited in the region of £850,000 for the Freehold interest. 

Property Quote Price(s)

DescriptionSale typeGuide pricePrice type
  For Sale Freehold £850,000.00 NA

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Contact agents

Josh McGovern

Graves Son & Pilcher LLP

01273 068302

Stephen Owen

Graves Son & Pilcher LLP

01273 068305



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