Overview
Prominent Retail Premises with Rear Garden Area & Basement – 738 sq ft (68.56 sqm)
The property is a mid-terrace period building located on Lewes High Street (on School Hill) which includes a Ground Floor Shop with main Retail Area and steps leading to further Retail Areas at the rear. The Shop has traditional wooden shopfront, suspended ceiling with lighting throughout, vinyl flooring, WC and Kitchenette. A rear door leads to a self-contained Garden Area.
The property is in good decorative order having been recently repainted.
The Upper Parts comprise of 3 x Flats held on a Long Leasehold Interest on a 125 Year Lease from 1983.
Size
Amenities
Location
Lewes is an attractive popular Tourist Destination and Historic Market Town in East Sussex, lying in a gap through the South Downs, carved by the River Ouse and is known for its array of Antique Centres, Lewes Castle and Anne of Cleeves House. Lewes is a highly affluent Town with a population of 100,166 in the Lewes District. The Town provides a diverse mix of national and independent retailers, including Waitrose, Waterstones and Bill’s Restaurant to name a few, and is also home to Harveys Brewery and East Sussex County Council.
It is approximately 7 miles north of Newhaven, approximately 7 miles north‑west of Brighton and 57 miles south of London. It also boasts a Mainline Railway Station on the East Coastway Line, connecting it to Brighton, Eastbourne, London and other coastal and inland routes.
The A27 trunk road bypasses Lewes to the south, with the A26 passing through the Town, linking Newhaven to Maidstone in Kent.
Rent
Price/Rent
Freehold - Offers are invited in the region of £275,000 for the Freehold Interest of the entire premises, with the benefit of the Long Leasehold Interest of the Upper Parts and vacant possession of the Shop.
Leasehold - Alternatively, a new Full Repair & Insuring Lease can be granted for a term to be negotiated. The Rental is to be £24,000 per annum exclusive of Rates and all other outgoings relating to the Property.
Business Rates
According to the Valuation Office website the premises are described as:
Shop and premises
Rateable Value: £24,500
Estimated Rates Payable: £9,359
VAT Details
VAT is not applicable to the Rent or Purchase Price
Legal
Each party is to be responsible for their own Legal Fees
Terms
Leasehold - a new Full Repair & Insuring Lease can be granted for a term to be negotiated. The Rental is to be £24,000 per annum exclusive of Rates and all other outgoings relating to the Property.
