High Street, Steyning

£350,000

Guide price

INVESTMENT - A Grade II listed 18th century building comprises office accommodation over ground and first floors. The property's character is enriched by its clock tower and timber-framed construction.

The ground floor comprises a reception room and further office, with a kitchen and WC. The first floor comprises three further offices along with access to the clock tower (which is owned, maintained and repaired by the Parish Council).

Amenities

Gas-fired central heating

Kitchen

WC

Accommodation

The premises have the following approximate net internal floor areas:

    

Ground floor including kitchen: 38.86 sq m; 418 sq ft

First floor: 37.72 sq m; 406 sq ft

Total: 76.58 sq m; 824 sq ft

Tenure

The property is available by way of a sale of the freehold interest, subject to the existing tenancy.

Tenancy

The whole building is currently let to Beltons Public Accountants Ltd on a 10-year lease from 31st October 2018, at a rent of £11,000 for the first year, £12,250 per annum until 30th October 2021 and £13,500 per annum until 30th October 2023. The lease is outside of the provisions of the Landlord and Tenant Act 1954.

There shall be an upward-only rent review at the fifth anniversary of the term and tenant only breaks on 31st October 2021 and 31st October 2025 subject to six months' prior written notice.

VAT

VAT is not applicable on the terms quoted.

Legal Costs

Each party to be responsible for their own legal costs.

Energy Performance Rating

Exempt: Listed building

Business Rates

Rates Payable: £2,749.60 per annum (based upon Rateable Value: £5,600 and UBR: 49.1p)

100% small business rates relief available, subject to the status of the tenant. We advise that you contact the Local Rating Authority for confirmation of the actual amount payable.

Services: All main services are connected.

To View:     By appointment only through the joint sole agents:

Hamilton Graham    01903 879212

Crickmay Chartered Surveyors    01403 756510

Steyning is a bustling picturesque town adjoining the South Downs National Park, situated off the A283, which provides easy access to both the A24 and the A27. Worthing is approximately 10 miles to the south-west and Horsham is approximately 17 miles to the north. The property is situated in the centre of the town, conveniently located opposite the main High Street car park.

The High Street is home to a traditional range of shops and services to include three public houses, Truffles Bakery, The Co-operative, The Post Office and Sussex Produce.

Arrange viewing 01903 368630

Hamilton Graham

38 High Street, Steyning, West Sussex

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