PROMINENT TOWN CENTRE OFFICE INVESTMENT
442.25 SQ M (4,761 SQ FT)
Status
For Sale
Hailsham, a small former market town in East Sussex, has a population in excess of 20,000 and is situated alongside the A22 just north of its intersection with the main A27 arterial route. The port of Newhaven is only 15 miles to the west, Brighton is 20 miles to the west, with access to the A23/M23 and Eastbourne, with its marina is within easy reach to the south.
The property occupies a prominent location at the entrance to Hailsham town centre, occupying a raised corner plot position at the junction of George Street with North Street. The property's location benefits from the local shopping amenities of Vicarage Field and the Quintin Shopping Centre.
The property comprises a substantial detached Grade II Listed building providing accommodation over basement; ground; first and attic floors. The ground and first floors provide a number of office suites, (which are currently multi-let) together with communal kitchen and W.C facilities, whilst the basement and attic currently provides storage accommodation.
The property is set within a large plot of approximately 0.5 acres (0.20 hectares) with car parking and landscape gardens.
The premises have the following approximate net internal floor areas:
Size (sq m)
Size (sq ft)
Lower Ground Floor
Cellar storage
37.52
404
Ground Floor
Storage
5.22
Room 1
62.70
675
Room 2
22.22
239
Room 3
34.40
370
Room 4
16.20
174
Room 5 (meeting room & kitchenette)
18.55
200
First Floor
Room 6
38.30
412
Room 7
14.50
156
Room 8
6.90
Room 9
21.80
235
Room 10
34.72
374
Room 11
17.90
193
Room 12
18.02
194
Room 13
13.90
150
Room 14
41.90
451
Attic
Storage within roof
37.50
404
Total
442.25
4,761
The property is understood to benefit from B1 (office) use under the Town & Country Planning Act (Use Classes) Order 1987. Conversion of the attic accommodation to office or residential use is considered possible, subject to the receipt of planning and other consents.
The property is available by way of a sale of the freehold interest, subject to the existing tenancies.
Tenancies
Please see the Tenancy Schedule attached.
The gross rent currently receivable is £71,945 per annum exclusive. When deducting non-recoverable service charge items the current net rent receivable is approximately £53,000.
VAT is understood not to be chargeable on the terms quoted.
Each party to be responsible for their own legal costs.
Price
Offers in the region of £700,000
The business rates for Cortlandt are currently rated per room. Details can be viewed on the Tenancy Schedule.
Energy Performance Rating
This property has been set as EPC exempt.
Reason: Listed building