5 South Street, South Chailey, Lewes, East Sussex, BN8 4BG
- PROPERTY TYPE
Commercial Property
- SIZE
Ask agent
Key features
- Freehold Convenience Store and Residential Ground Rent Investment
- Part let to Jempson's on a lease expiring 2028
- Jempsons provide a post office consession
- Well located within South Chailey, a village in the district of Lewes
- VAT is not Applicable
- Total Current Rents Reserved £33,500 p.a. (reflecting 12.40% GIY)
Description
StrapLine
Auction Sale - 21/10/2025 - To book viewings, view the legal pack and register to bid please refer to the full sales particulars on the Savills Auctions websiteA well located Freehold Convenience Store and Residential Ground Rent Investment. Part let to Jempson's on a lease expiring 2028. Total Current Rents Reserved £33,500 p.a. (reflecting 12.40% GIY)
Description
The property is arranged over ground and one upper floor to provide a ground floor convenience store with a self-contained flat above.
The flat above has been sold off on a long lease.
Location
The attractive and historic town of Lewes is situated adjacent to the A27 about 55 miles south of London, 8 miles east of Brighton and serves a population of 17,000. The town also enjoys good rail services (London Victoria 1 hour 3 minutes).
Tenancy
Ground Floor Let to Jempsons on a lease for a term
of 20 years from November 2008 at £33,500 per annum.
The lease provides for 3% compounded pa increases
Flat 5 - is sold off on a long lease. Details of which are contained in the legal pack.
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Website
Jempsons.com
About the tenant
Jempsons is a family owned business eastablished in 1935 in Peasmarsh. The company is owned and managed by Stephen Jempson.
Jempson's has sought to bring traditional home made foods to the public.
Jemsons operate stores throughout East Sussex and parts of Kent and their portfolio comprises 3 x supermarkets, 5 x local stores, 2 x cafes and 6 x bakeries.
Accommodation
Please see the Schedule of Tenancies and Accommodation.
Ground Floor - 207 sq m (2,230 sq ft)
Flat 5 South Street (Sold Off) - 137 sq m (1,475 sq ft)
Total - 344 sq m (3,705 sq ft)
5 South Street, South Chailey, Lewes, East Sussex, BN8 4BG
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Plumpton Station2.0 miles
- Cooksbridge Station2.9 miles
- Wivelsfield Station4.5 miles
Notes
Disclaimer - Property reference 195-19040. 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 Savills Auctions, London. 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.
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 Savills Auctions, London on 020 3909 6715.
*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.”
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