Long leasehold retail investment producing £9,750pa
A ground floor retail unit which is currently let at £9,750pa on a lease expiring April 2021. The property is being sold with the remainder of a 125 year lease from April 2013.
The property is well situated on the eastern side of Lewes Road, close to Lewes Road gyratory, Sainsbury's and BP petrol station. The area has a high student population with the property neighboured by estate agents and a number of popular coffee shops and cafes.
Shop: 30'4 x 12'5 (9.25m x 3.79m) Store: 12'4 x 8'7 (3.75m x 2.61m) WC
Administration Charge - Purchasers will be required to pay an Administration fee of 0.3% (0.25% plus VAT) of the sale price, subject to a minimum of £660 (£550 plus VAT)
Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.