Description:
The premises comprise an attractive mid-terraced unit with accommodation provided over two floors and car parking space to the rear. The ground floor sales area is split level and the first floor comprises a mix of meeting rooms, ancillary storage and kitchen. WCs are provided on both ground and first floor levels.
Lease
Let to Countrywide Estate Agents Limited on 5 year full repairing and insuring lease from 25 March 2026, subject to a tenant only break clause on the third anniversary of the term.
Rental Income
£24,000 per annum exclusive
Covenant Information
Countrywide Estate Agents Limited (Company No: 00789476) are part of the UK's largest property services group, serving customers in over 650 branches across the UK. Turnover for the year ending 31 December 2024 was £354.8m; pre-tax profit of £18.9m; and an Experian credit rating of 100 (Very Low Risk).
For further information visit www.countrywide.co.uk
Price
Offers are invited in excess of £315,000 for the benefit of the freehold interest subject to the existing lease. A purchase at this level would show a net initial yield of 7.36% allowing for purchasers costs of 3.47%
Services
Graves Jenkins has not checked and does not accept responsibility for any of the services within this property and would suggest that any in-going tenant or occupier satisfies themselves in this regard.
Key Features:
- Let to Countrywide Estate Agents Limited (t/a Hamptons)
- Rental Income £24,000 pax
- New 5 year lease
- Split level ground floor retail area
- Car parking to rear
Accommodation:
The approximate net internal areas measured are as follows:
| Name/Floor | SQFT | SQM |
|---|---|---|
| Ground Floor | 802 | 74.51 |
| First Floor | 543 | 50.45 |
| Total | 1,345 | 124.96 |
Price:
£315,000
Business Rates:
Rateable Value: £25250
Rates Payable: £10908 per annum
Interested parties are advised to contact Mid Sussex District Council Tel: 01444 477564 or www.midsussex.gov.uk to verify this information.
VAT:
VAT is Applicable
The property is to be sold as a TOGC
Legal Fees:
Each party to bear their own costs
Anti Money Laundering:
In accordance with the Anti-Money Laundering Regulations, Graves Jenkins is required to verify the identity of all parties involved in the transaction. Prospective purchasers or tenants will be required to provide satisfactory proof of identity and address before solicitors are instructed.