98 South Road Haywards Heath West Sussex RH16 4LJ

98 South Road
Haywards Heath
West Sussex
RH16 4LJ

Freehold Retail/Residential Investment

Entirely let to Blacks Outdoor Retail Limited (t/a Millets), a part of JD Sports Fashion plc
Lease includes a 3 bedroom maisonette (sublet)
Asset management opportunities including residential development potential above (subject to planning and consents)
Excellent location close to The Orchards Shopping Centre
Nearby occupiers include Marks & Spencer, Fat Face, Next and Boots the Chemist
Attractive and prosperous West Sussex town
For the Seller's Legal Pack, please click the Property Documents tab below

Lot
40
Auction
23rd March 2016
Rent
£45,000 per Annum Exclusive
Status
Sold
Price
£600,000
Auction Venue
The Millennium Hotel
44 Grosvenor Square
London W1K 2HP

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Freehold Retail/Residential Investment

Entirely let to Blacks Outdoor Retail Limited (t/a Millets), a part of JD Sports Fashion plc
Lease includes a 3 bedroom maisonette (sublet)
Asset management opportunities including residential development potential above (subject to planning and consents)
Excellent location close to The Orchards Shopping Centre
Nearby occupiers include Marks & Spencer, Fat Face, Next and Boots the Chemist
Attractive and prosperous West Sussex town
For the Seller's Legal Pack, please click the Property Documents tab below

Lot 40
Auction 23rd March 2016
Rent £45,000 per Annum Exclusive
Status Sold
Price £600,000
Sector
High Street Retail
Auction Venue
The Millennium Hotel
44 Grosvenor Square
London W1K 2HP

Property Information

Location

Miles: 12 miles north of Brighton; 36 miles south of Central London
Roads: A22, A23, A272, M23
Rail: Haywards Heath Railway Station
Air: Gatwick Airport

Situation

The property is situated in a highly prominent retailing position on the northern side of South Road, opposite its junction with Haywards Road. The Orchards Shopping Centre is within close proximity, housing occupiers including Marks & Spencer, Superdrug, Fat Face and Next, with other nearby occupiers including 99p Stores, Boots the Chemist, Co-operative Food, WH Smith, Iceland and Waterstones.

Tenure

Freehold.

Location

Miles: 12 miles north of Brighton; 36 miles south of Central London
Roads: A22, A23, A272, M23
Rail: Haywards Heath Railway Station
Air: Gatwick Airport

Situation

Tenure

Freehold.

Description

The property comprises a well configured ground floor shop with a self-contained three bedroom maisonette above.

Six week completion.

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property comprises a well configured ground floor shop with a self-contained three bedroom maisonette above.

Six week completion.

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Floor	Use	Floor Areas (Approx)	Tenant	Term	Rent p.a.x	Review/(Reversion)
Ground First/Second	Retail/Ancillary Residential (sublet)	165.36 sq m (1,780 sq ft) Three Bedroom Maisonette	BLACKS OUTDOOR RETAIL LIMITED (1) (t/a Millets)	20 years from 11/10/2002 on a full repairing and insuring lease	£45,000	11/10/2017 (10/10/2022)
Total Commercial Area		165.36 sq m (1,780 sq ft)			£45,000

(1) Blacks Outdoor Retail Limited is a subsidiary (and part of The Outdoor Division) of JD Sports Fashion plc. It currently trades from around 74 Blacks and 80 Millets stores in the UK. (Source: www.jdplc.com and www.millets.co.uk). We understand that the maisonette is sublet at £9,100 per annum.