Offers over
£450,000
(£147.98/sq. ft)
Retail premises for sale44 High Street, Lewes BN7
3,041 sq. ft
EPC Rating: B
Freehold
About this property
Freehold commercial investment
Located in a prime position on the High Street in Lewes
Income producing - £30,000 pa
15 year lease from 2019
Next rent review 2029
Large retail space with approx. Depth of 26m
Description
A Grade II listed mid-terraced property with accommodation arranged on four floors. The building dates from 1613 and a pharmacy has been known to operate from the premises since at least 1887, and most likely earlier.
Location
The building is situated in the heart of the County Town of Lewes and within the South Downs National Park. Many of the amenities of this historic town are within easy walking distance, including shops, restaurants, leisure amenities and cinema. Lewes Railway Station is five minutes’ walk, with regular trains running to Brighton, London and along the south coast. Bus services are nearby and main road links are easily accessible.
Terms
Offers are invited in excess of £450,000 for the freehold interest of the property (subject to existing tenancies).
Tenancy Details
Let on a full repairing and insuring lease to H.A. Baker (Lewes) Limited for a term of 15 years from 1st August 2019, current rent is £30,000 per annum, subject to a rolling break clause, rent reviews every 5 years, upward only. A Schedule of Condition was prepared at the commencement of the lease. A copy of the lease is available on request.
A Grade II listed mid-terraced property with accommodation arranged on four floors. The building dates from 1613 and a pharmacy has been known to operate from the premises since at least 1887, and most likely earlier.
Location
The building is situated in the heart of the County Town of Lewes and within the South Downs National Park. Many of the amenities of this historic town are within easy walking distance, including shops, restaurants, leisure amenities and cinema. Lewes Railway Station is five minutes’ walk, with regular trains running to Brighton, London and along the south coast. Bus services are nearby and main road links are easily accessible.
Terms
Offers are invited in excess of £450,000 for the freehold interest of the property (subject to existing tenancies).
Tenancy Details
Let on a full repairing and insuring lease to H.A. Baker (Lewes) Limited for a term of 15 years from 1st August 2019, current rent is £30,000 per annum, subject to a rolling break clause, rent reviews every 5 years, upward only. A Schedule of Condition was prepared at the commencement of the lease. A copy of the lease is available on request.
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£2,251 per month
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