Freehold Retail Investment
Freehold Retail Investment
The property is prominently situated on the northern side of High Street, close to its junction with Station Road, in the heart of the town centre. Nearby occupiers include Waitrose, Sainsburys, Tesco Express and Co-Op Food.
Freehold.
The property is prominently situated on the northern side of High Street, close to its junction with Station Road, in the heart of the town centre. Nearby occupiers include Waitrose, Sainsburys, Tesco Express and Co-Op Food.
Freehold.
The property comprises a large ground floor shop with ancillary accommodation on the first floor. The property benefits from rear loading at first floor level and from a free public car park to the rear with parking for approximately 40 cars.
VAT is applicable to this lot.
The property benefits from lapsed planning consent granted in 2022 for change of use of the first floor and a proposed new second floor to create 3 x 2 bed and 1 x 1 bed flats (Wealden District Council. Application Number WD/2021/2581/F).
Six week completion
D80
The property comprises a large ground floor shop with ancillary accommodation on the first floor. The property benefits from rear loading at first floor level and from a free public car park to the rear with parking for approximately 40 cars.
VAT is applicable to this lot.
The property benefits from lapsed planning consent granted in 2022 for change of use of the first floor and a proposed new second floor to create 3 x 2 bed and 1 x 1 bed flats (Wealden District Council. Application Number WD/2021/2581/F).
Six week completion
D80
| Floor | Use | Floor Areas Approx sq m |
Floor Areas Approx sq ft |
Tenant | Term | Rent p.a.x. | Rent Review |
|---|---|---|---|---|---|---|---|
| Ground First |
Retail Ancillary |
361.11 248.33 |
(3,887) (2,673) |
THE FACTORY SHOP LIMITED (1) |
16 years from 14/09/2015 until 13/09/2031 | £39,500 |
08/01/2026 08/01/2031 |
| Total | 609.44 |
(6,560) |
£39,500 |
(1) For the year ending 26/03/2023 The Factory Shop reported a turnover of £118,762,000, a pre-tax profit of negative £1,745,000 and a net worth of £12,606,000 (Northrow 14/01/2025). The Original Factory Shop was established in 1969 and now trade from over 200 location across the UK, having opened 25 stores in 2023 (www.dukestreet.com).
If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.
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