17 High Street Hailsham East Sussex BN27 1AL

  • 17 High Street<br>Hailsham<br>East Sussex<br>BN27 1AL

17 High Street
Hailsham
East Sussex
BN27 1AL

Substantial Freehold Retail Investment

  • Let to Iceland Foods Limited until June 2024 (no breaks)
  • Substantial High Street Unit in Busy and Historic Town
  • Adjacent to St Mary's Walk and close to The Quintins Shopping Centre
  • Nearby occupiers include Costa Coffee and NatWest Bank
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot
    18
  • Auction
    25th May 2017
  • Rent
    £35,000 per Annum Exclusive
  • Status
    Sold
  • Price
    £652,000
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
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Substantial Freehold Retail Investment

  • Let to Iceland Foods Limited until June 2024 (no breaks)
  • Substantial High Street Unit in Busy and Historic Town
  • Adjacent to St Mary's Walk and close to The Quintins Shopping Centre
  • Nearby occupiers include Costa Coffee and NatWest Bank
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot 18
  • Auction 25th May 2017
  • Rent £35,000 per Annum Exclusive
  • Status Sold
  • Price £652,000
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG

Property Information

Location
Miles
8 miles north of Eastbourne, 13 miles east of Lewes, 20 miles north-east of Brighton
Roads
A22, A27, A26
Rail
Polegate Rail Station
Air
London Gatwick Airport
Situation

Hailsham is a busy and historic town located some 8 miles north of Eastbourne. The property is prominently situated on the southern side of the High Street, adjacent to the pedestrianised St Mary's Walk Shopping Precinct which leads directly from the High Street to the free shoppers car park on North Street. Other nearby occupiers on the High Street include NatWest Bank, Costa Coffee and The Quintins Shopping Centre, which is located less than 100 metres to the north.

Tenure

Freehold.

Location
Miles
8 miles north of Eastbourne, 13 miles east of Lewes, 20 miles north-east of Brighton
Roads
A22, A27, A26
Rail
Polegate Rail Station
Air
London Gatwick Airport
Situation

Hailsham is a busy and historic town located some 8 miles north of Eastbourne. The property is prominently situated on the southern side of the High Street, adjacent to the pedestrianised St Mary's Walk Shopping Precinct which leads directly from the High Street to the free shoppers car park on North Street. Other nearby occupiers on the High Street include NatWest Bank, Costa Coffee and The Quintins Shopping Centre, which is located less than 100 metres to the north.

Tenure

Freehold.

Description

The property comprises a ground floor retail unit currently trading as a supermarket with ancillary accommodation on the first floor. The property benefits from a yard area to the rear.

VAT

VAT is not applicable to this lot.

Completion Period

Six week completion

EPC

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

Description

The property comprises a ground floor retail unit currently trading as a supermarket with ancillary accommodation on the first floor. The property benefits from a yard area to the rear.

VAT

VAT is not applicable to this lot.

Completion Period

Six week completion

EPC

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

Tenancy & Accommodation

Floor Use Floor Areas
(Appox)

 Tenant Term Rent p.a.x Review
Ground
First

 Retail/Ancillary
Ancillary
516.70 sq m
330.40 sq m
(5,562 sq ft)
(3,556 sq ft)
 ICELAND FOODS
LIMITED (1)
 10 years from
24/06/2014 until
24/06/2024
 £35,000
 24/06/2019
Total  
847.10 sq m
(9,118 sq ft)
     £35,000
  

(1) For the year ending 25th March 2016, Iceland Foods Limited reported a turnover of £2,658,332,000, pre-tax profits of £58,172,000 and a total net worth of £740,354,000 (Source: Experian Group 20/04/2017). Iceland Foods is one of Britain's fastest growing and most innovative retailers with over 880 stores throughout the UK (Source: about.iceland.co.uk 20/04/2017) .

Contacts

Seller's Solicitors
Russell Cooke Solicitors Bishops Palace House
Kingston upon Thames
Surrey
KT1 1QN
Roger Ford 0208 541 2030roger.ford@russell-cooke.co.uk

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk
Property InsuranceBrown & BrownNatasha WardBroking Director+44 7545 208 759bbrown.com

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