Lot 32

FREEHOLD MIXED USE INVESTMENT IN FAVOURED VILLAGE LOCATION

32 High Street, Steyning, West Sussex, BN44 3RD
32 High Street, Steyning, West Sussex, BN44 3RD
Sold Prior

Currently let at £11,000 per annum

Estimated rental £16,000 plus per annum

This is a unique opportunity to acquire this freehold investment property of immense character retaining many original features. It occupies a prominent trading location at the south-eastern end of the historic Steyning High Street in this busy commercial thoroughfare.

This attached period property is believed to date from the late Sixteenth Century comprising part rendered elevations and part brickwork beneath a Horsham stone and clay tiled roof. It is arranged over four floors and includes double fronted tea rooms on the ground and lower ground floor with residential accommodation on the upper two floors.

Steyning lies between Brighton and Worthing just off the A283 on the edge of the South Downs National Park. It has a comprehensive range of local shopping facilities and amenities including a sports centre and swimming pool. There is easy access to open countryside near by including the famous South Downs Way.

Basement

Cellar with two spacious storage areas.

Ground Floor

Front retail area arranged as tea rooms, kitchen to the rear, cloakroom/W.C. and storage room.

First Floor

Landing, living room, dining room, kitchen, bathroom/W.C., bedroom three and small office.

Second Floor

Bedroom two leading to main bedroom with restricted head height.

Outside

To the rear is a part-walled kitchen garden area with off-street gated parking space (accessed by Bank Passage) with a lawned area just beyond.

Tenancy

The property is let on a 15-year full repairing (roof exempt) and insuring Commercial Lease from 2007 with a passing rent of £11,000 per annum.

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/