Lot 121

FREEHOLD MIXED USE INVESTMENT PRODUCING JUST UNDER £33,000 PER ANNUM

The Old Bell, High Street, Henfield, West Sussex, BN5 9HN
The Old Bell, High Street, Henfield, West Sussex, BN5 9HN
Sold After

Currently let at £32,880 per annum

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

Important

All lots are sold subject to the Common Auction Conditions and Special Conditions of Sale (unless varied by the Sellers Solicitors), together with the Addendum, which will be available on Auction Day.

* Price Information

Guides are provided as an indication of each Seller’s minimum expectation. They are not necessarily figures at which a property will sell for and may change at any time prior to Auction. Unless stated otherwise, each Lot will be offered subject to a reserve (a figure below which the Auctioneer cannot sell the Lot during the Auction).

We expect the reserve will be set within the guide range or no more than 10% above a single figure guide. Please check our website regularly at cliveemson.co.uk, or contact us on 01622 608400, in order to stay fully informed with the up-to-date information.

Additional Fees

An Administration fee and Other non-optional fees may also be payable in addition to the bid price. All lots are offered subject to the Common Auction Conditions and Special Conditions of Sale or Revised Special Conditions of Sale (as applicable) and may include the repayment of search and other fees and or costs payable by the buyer.

All buyers are advised to inspect all available legal documentation prior to bidding and will be deemed to fully understand what they may be liable for if they are successful in purchasing. This should also include Stamp Duty, Land Registry fees and VAT which may become payable on completion in line with any property transaction, whether it is by auction or private treaty. If, as a buyer, you are in doubt you should seek advice from your own professional advisors. For more information on fees please go to cliveemson.co.uk/buyers-fees/