£750,000
(£214.78/sq. ft)
Office for sale3 Cortlandt, George Street, Hailsham BN27
3,492 sq. ft
EPC Rating: D
Back to market
Freehold
About this property
Town centre position
Almost fully let
Grade II Listed building
Generous car parking
Delightful gardens
Description
The premises have been divided to provide for a number 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. Subject to obtaining any necessary consents there is potential to develop within the attic space which is currently vacant.
Breakdown of tenancies:
Suite 1 & 4 £6,513.82 per quarter (pq)
Suites 2,3a & 3b £4,265.25 pq
Suite 5 meeting room
Suites 6 & 7 £3,250.00 pq
Suite 8 vacant but estimated £600.00 pq
Suite 9 £1,375 pq
Suite 10 £2,140.00 pq
Suite 11 £725.00 pq
Suite 12 £1,287.50 pq
Suite 13 £1,323.50 pq
Suite 14 £2,451.80 pq
Total actual income £23,331.87 pq £93,327.48 pa
Total actual and anticipated income £23,931.87 pq £95,727.48 pa
Offered for sale freehold subject to the above lettings - £750,000
We are advised the building isn’t elected for VAT
Location
Cortlandt is a delightful, character, Grade II listed building located in the centre of Hailsham town with generous car parking and extensive grounds. It adjoins one of the town centre car parks. Supermarkets Tesco, Waitrose and Asda are close by. There are a number of National retailers in the town including wh Smith, Boots, The works etc.
The premises have been divided to provide for a number 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. Subject to obtaining any necessary consents there is potential to develop within the attic space which is currently vacant.
Breakdown of tenancies:
Suite 1 & 4 £6,513.82 per quarter (pq)
Suites 2,3a & 3b £4,265.25 pq
Suite 5 meeting room
Suites 6 & 7 £3,250.00 pq
Suite 8 vacant but estimated £600.00 pq
Suite 9 £1,375 pq
Suite 10 £2,140.00 pq
Suite 11 £725.00 pq
Suite 12 £1,287.50 pq
Suite 13 £1,323.50 pq
Suite 14 £2,451.80 pq
Total actual income £23,331.87 pq £93,327.48 pa
Total actual and anticipated income £23,931.87 pq £95,727.48 pa
Offered for sale freehold subject to the above lettings - £750,000
We are advised the building isn’t elected for VAT
Location
Cortlandt is a delightful, character, Grade II listed building located in the centre of Hailsham town with generous car parking and extensive grounds. It adjoins one of the town centre car parks. Supermarkets Tesco, Waitrose and Asda are close by. There are a number of National retailers in the town including wh Smith, Boots, The works etc.
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£3,751 per month
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