£135,000
Retail premises for sale
Property photos
Freehold
£135,000
(£270.00/sq. ft)
Retail premises for sale
2 Belmont Buildings, High Street, Crowborough TN6500 sq. ft
Local area information
Property location
Nearby amenities
- St Marys Catholic Primary School 0.4 miles
- Sir Henry Fermor Church of England Primary School 0.4 miles
- Crowborough 1.5 miles
- Eridge 2.6 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Read our area guide for Crowborough to find out more about the local area.
Features and description
- Freehold
- Rare Freehold Interest opportunity
- Mixed use (retail with residential – sold off) building
- Prime High Street location
- Current income of £9,600 pax
- Reversionary investment opportunity
Description
The premises comprise a ground floor lock-up retail unit with residential accommodation above. The ground floor accommodation is fitted out as a nail salon and is predominantly open plan, with a WC, kitchen area, and a fire exit to the rear.
The Freehold Interest is being offered, subject to a commercial lease and a long-leasehold interest of the residential. The commercial lease is granted to a private individual trading as jp Nails on a 12 year Fri lease from 1 November 2021 with a passing rent of £9,600 per annum exclusive. The next upward only market rent review is 1st September 2029 and the rent is considered reversionary based on recent transactions. The long-lease is for a term of 999 year lease with no ground rent payable. Copies of the legal documents are available upon request.
The quoting price of £135,000 is considered low and represents a gross initial yield of 7.11%, with a reversionary yield of 10%.
Location
Prominent location in Crowborough High Street. The junction of the High Street with the main A26 Tunbridge Wells road is close by.
The premises comprise a ground floor lock-up retail unit with residential accommodation above. The ground floor accommodation is fitted out as a nail salon and is predominantly open plan, with a WC, kitchen area, and a fire exit to the rear.
The Freehold Interest is being offered, subject to a commercial lease and a long-leasehold interest of the residential. The commercial lease is granted to a private individual trading as jp Nails on a 12 year Fri lease from 1 November 2021 with a passing rent of £9,600 per annum exclusive. The next upward only market rent review is 1st September 2029 and the rent is considered reversionary based on recent transactions. The long-lease is for a term of 999 year lease with no ground rent payable. Copies of the legal documents are available upon request.
The quoting price of £135,000 is considered low and represents a gross initial yield of 7.11%, with a reversionary yield of 10%.
Location
Prominent location in Crowborough High Street. The junction of the High Street with the main A26 Tunbridge Wells road is close by.
More information
Listed by
Oldfield Smith
View agent properties.png){kind=logo}
Property descriptions and related information displayed on this page are marketing materials provided by - Oldfield Smith. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Oldfield Smith for full details and further information.