Lot 121: FREEHOLD MIXED USE INVESTMENT PRODUCING JUST UNDER 33,000 PER ANNUM

Mixed Commercial/Residential - Brighton & Hove Areas
Mixed Commercial/Residential - Brighton & Hove Areas
Flat 1 Living room photo taken May 2019
Mixed Commercial/Residential - Brighton & Hove Areas
Flat 1 Dining area photo taken May 2019
Mixed Commercial/Residential - Brighton & Hove Areas
Flat 2 Bedroom photo taken June 2018
Mixed Commercial/Residential - Brighton & Hove Areas
Flat 2 Kitchen photo taken June 2018
Mixed Commercial/Residential - Brighton & Hove Areas
Sold After

Recently converted in 2015, this substantial character corner property is arranged over three floors. There is a commercial unit and parking area, which has been sold on a long lease, on the ground floor and four self-contained flats above.

It is situated at the junction of Church Street and High Street in the village of Henfield (which lies between Steyning and Hurstpierpoint). Comprehensive shopping facilities and amenities can be found within the immediate vicinity.

There are excellent road links to London, Brighton and all surrounding areas via the A23 and A272 with Hassocks mainline railway station just under eight miles to the east.

Ground Floor

Tenure

The commercial unit and rear car park have been sold on a 999 year lease from 5th November 2018 at a peppercorn ground rent al and we understand they contribute one-third to the overall maintenance costs.

Residential

First Floor

Flat 1

Living room with open plan kitchen, balcony, bedroom with en-suite bathroom and W.C.

Tenancy

Let on an Assured Shorthold Tenancy Agreement at a current rental of £695 per calendar month.

Second Floor

Flat 2

Living room with open plan kitchen, bedroom with en-suite bathroom and W.C.

Tenancy

Let on an Assured Shorthold Tenancy Agreement at a current rental of £695 per calendar month.

Flat 3

Living room with open plan kitchen, bedroom with en-suite bathroom and W.C.

Tenancy

Let on an Assured Shorthold Tenancy Agreement at a current rental of £675 per calendar month.

Flat 4

Studio room with kitchenette and bathroom with W.C.

Tenancy

Let on an Assured Shorthold Tenancy Agreement at a current rental of £675 per calendar month.

Auctioneer’s Note 1

The flats have a right of way across the rear car park with access to the main entrance.

Auctioneer’s Note 2

Residential EPC: E