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8 Church Rd 731 SF 100% Leased Retail Building Burgess Hill RH15 9AE $607,345 ($830.84/SF)
INVESTMENT HIGHLIGHTS
- £450,000 For The Freehold Interest.
- Desirable Mid Sussex Location.
- Gross yield of 7.53%.
- Comprising Fully Let Retail Unit & 2 Self Contained 1 Bedroom Flats.
- Situated Close To Station.
EXECUTIVE SUMMARY
The property is situated in a convenient spot on the north eastern side of Church Road in Burgess Hill Town Centre close to Burgess hill Train Station situated on the London to Brighton line. Market Place shopping arcade where Waitrose, Wilkinson's & Boots are located. Other nearby occupiers include Cafe Nero, Nationwide, Specsavers & Uncle Sam's as well as a number of local independent traders.
MIXED USE, FULLY LET, FREEHOLD INVESTMENT FOR SALE IN MID SUSSEX An attractive terraced building arranged over ground, 1st & 2nd floors. The Ground floor retail unit is let to The Vapour Trail Two Ltd (08205043) with a company guarantee from the The Vapour Trail (Silverhill) Limited (11662351) by way of an effective full repairing & insuring lease from 31st of May2023 for a term of 10 years with provision for a tenant only breaks on the 3rd & 7th anniversaries & a rent review on the 5th anniversary at a rent of £15,000 PA. The lease is subject to a schedule of condition & the landlord also holds a 3 month rent deposit. On the upper floors are 2 self contained 1 bedroom flats. 8a is currently let by way of a AST from 2nd October 2023 at a rent of £850 PCM whilst 8b is let from 24 February 23 on a 12 month tenancy at a rent of £725 PCM.
Comprising Fully Let Retail Unit & 2 Self Contained 1 Bedroom Flats Desirable Mid Sussex Location Situated Close To Station Gross yield of 7.53% Offers are invited for the freehold interest in the region of £450,000 with the benefit of the existing tenancies. Based on the total annual income of £33,900 a purchase at this level would produce a gross yield of 7.53%.
MIXED USE, FULLY LET, FREEHOLD INVESTMENT FOR SALE IN MID SUSSEX An attractive terraced building arranged over ground, 1st & 2nd floors. The Ground floor retail unit is let to The Vapour Trail Two Ltd (08205043) with a company guarantee from the The Vapour Trail (Silverhill) Limited (11662351) by way of an effective full repairing & insuring lease from 31st of May2023 for a term of 10 years with provision for a tenant only breaks on the 3rd & 7th anniversaries & a rent review on the 5th anniversary at a rent of £15,000 PA. The lease is subject to a schedule of condition & the landlord also holds a 3 month rent deposit. On the upper floors are 2 self contained 1 bedroom flats. 8a is currently let by way of a AST from 2nd October 2023 at a rent of £850 PCM whilst 8b is let from 24 February 23 on a 12 month tenancy at a rent of £725 PCM.
Comprising Fully Let Retail Unit & 2 Self Contained 1 Bedroom Flats Desirable Mid Sussex Location Situated Close To Station Gross yield of 7.53% Offers are invited for the freehold interest in the region of £450,000 with the benefit of the existing tenancies. Based on the total annual income of £33,900 a purchase at this level would produce a gross yield of 7.53%.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Residential
Building Size
731 SF
Building Class
B
Year Built
1930
Price
$607,345
Price Per SF
$830.84
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
0.32
Lot Size
0.05 AC
Frontage
23’ on Church Road
AMENITIES
- 24 Hour Access
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8 Church Rd
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