Commercial Property for saleCinque Ports Street, Rye, East Sussex TN31 7AD
Withdrawn from Market £93,000
LOCATION The property is located in a one way system at the western end of Cinque Ports Street in a good secondary trading location. Other uses in the same street include two bookmakers, a café, two estate agents, a homeware store, a gallery, a newsagent and several retro/antique furniture stores. The Ancient Town and Cinque Port of Rye is renowned for its historical associations, medieval fortifications and fine period architecture. From the town there are local train services to Brighton and to Ashford from where there are high speed connections to London St Pancras (37 minutes) and to the Continent. Rye attracts visitors from throughout the UK, Europe, America and the Far East.
TENURE In summary: A new long lease of 125 years will be granted. Ground rent £100pa rising. The long lease is subject to outgoings and contributions. Restrictions: No food to be sold on or from the premises. Further details upon request.
BUSINESS RATES Local Authority: Rother District Council 01424 787730. Rateable Value £5,100. Uniform Business Rate Multiplier for 2016-2017: 49.7. Current business rates payable approximately £2535* pa.
*The property may qualify for Small Business Rate Relief. All interested parties should verify the information prior to entering into a commitment.
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