Commercial Development for sale4 High Street, Newhaven, BN9
Sold STC £55,000
** 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.
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.
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.
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