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Commercial Development for sale

4 High Street, Newhaven, BN9

Sold STC £55,000

Property Description

Full description

** SOLD BY AUCTION** Long leasehold retail investment producing £6,000 per annum. Town centre location.

Long leasehold retail investment producing £6,000pa.

A ground floor retail unit held on the remainder of a 999 year lease which has been let to Teleview for a period of 10 years from 2013 at a rent of £6,000pa. There is a tenant break option and rent review at the 5th anniversary. Teleview have traded in Newhaven for 30 years handling the repair of televisions and other electrical products.


situation

The property is situated adjacent to the Ship Hotel and close to the junction of High Street and Bridge Street in Newhaven town centre. The town centre serves the local population of approximately 12,500 people and is home to local occupiers along with Boots the Chemist, Poundstretcher and Co-op food.


accommodation

A ground floor retail unit of 465sqft with kitchenette and wc to the rear.

Under the Estate Agents Act 1979 the joint auctioneers disclose a personal interest in the property.



Map & Street View

Disclaimer - Property reference ah_sussex_1444888_19029. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Austin Gray, Auction House Sussex. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.

Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”

Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Austin Gray, Auction House Sussex on 01273 20 19 80.


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