Freehold Retail Opportunity with Immediate Asset Management Opportunities
Substantial former bank building
Prominent position in East Grinstead town centre
Commercial area of approx. 301.26 sq. m. (3,241 sq. ft.) over Ground, First and Second Floors
Of interest to owner occupiers
Asset management opportunities
Nearby occupiers include Waterstones, Toni & Guy, Fat Face, Costa, Boots, and Pure Gym
Not elected for VAT
Lot 23
Auction 15th May 2025
Vacant Possession
Status Available
Guide* £325,000
Sector Bank, Development
Auction Venue Live Streamed Auction
On Behalf of NatWest Bank
Property Information
Location
Miles
7 miles east of Crawley, 11 miles west of Royal Tunbridge Wells, 27 miles south of Central London
Roads
A22 (London to Eastbourne), A264, M23 (Junction 10)
Rail
East Grinstead Railway Station (55 mins to London Victoria)
Air
London Gatwick Airport
Situation
The property is located on the east side of London Road, close to its junction with High Street and West Street, in the heart of East Grinstead town centre. Nearby occupiers include Waterstones, Toni & Guy, Fat Face, Costa, Boots, and Pure Gym.
Tenure
Freehold.
Location
Miles
7 miles east of Crawley, 11 miles west of Royal Tunbridge Wells, 27 miles south of Central London
Roads
A22 (London to Eastbourne), A264, M23 (Junction 10)
Rail
East Grinstead Railway Station (55 mins to London Victoria)
Air
London Gatwick Airport
Situation
The property is located on the east side of London Road, close to its junction with High Street and West Street, in the heart of East Grinstead town centre. Nearby occupiers include Waterstones, Toni & Guy, Fat Face, Costa, Boots, and Pure Gym.
Tenure
Freehold.
Description
The property comprises a substantial former bank building arranged over the ground, first and second floors. Part of the first and second floors provides four residential flats which have been let on long leases, situated to the rear of the property. The property benefits from rear access onto Cantelupe Road. Floor plans are available upon request.
VAT
Not elected for VAT
Note
This sale is conditional and is subject to confirmation by the Seller. Please see further details within the Special Conditions of Sale.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a substantial former bank building arranged over the ground, first and second floors. Part of the first and second floors provides four residential flats which have been let on long leases, situated to the rear of the property. The property benefits from rear access onto Cantelupe Road. Floor plans are available upon request.
VAT
Not elected for VAT
Note
This sale is conditional and is subject to confirmation by the Seller. Please see further details within the Special Conditions of Sale.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Floor
Use
Floor Areas Approx sq m (1)
Floor Areas Approx sq ft (1)
Tenant
Term
Rent p.a.x.
Ground First Second
Retail Ancillary Ancillary
219.12 54.04 28.10
(2,358) (581) (302)
VACANT
-
-
Part Rear First Part Rear Second
Residential Residential
-
-
INDIVIDUALS
Let on 4 separate leases for a term of 125 years from May 2010
£400
Total Approximate Commercial Floor Area
301.26
(3,241)
£400
(1) The commercial floor areas stated above are those published by the Valuation Office Agency (www.voa.gov.uk).
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.
