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18 George St 3,492 SF 100% Leased Office Building Hailsham BN27 1AE $999,294 ($286.17/SF) 12.44% Cap Rate
INVESTMENT HIGHLIGHTS
- Grade II listed building
- Generous car parking and extensive grounds
- Located in the centre of Hailsham town
EXECUTIVE SUMMARY
The premises have been divided to provide for a series of office suites of varying sizes, let to a series of tenants with shared kitchen and cloakroom facilities. The premises are fully let except for a small single suite currently providing an annual income of £93,327.48 (February 2025). The tenants pay a single fee to include rent, use of services, heating, lighting etc. Each suite is separately assessed for business rates where each tenant pays any rates due to the local authority.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Tenure
Freehold
Building Size
3,492 SF
Building Class
B
Year Built
1898
Price
$999,294
Price Per SF
$286.17
Cap Rate
12.44%
NOI
$124,349
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
1,164 SF
Building FAR
0.21
Lot Size
0.39 AC
Parking
2 Spaces (0.57 Spaces per 1,000 SF Leased)
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18 George St
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