Property photos
Freehold
£425,000
(£425.00/sq. ft)
Property for sale
Enterprise House, Station Approach, Farningham Road, Crowborough TN61,000 sq. ft
Local area information
Property location
Nearby amenities
- Crowborough 0 miles
- Ashdown Primary School 0.7 miles
- Jarvis Brook Primary School 0.9 miles
- Eridge 3 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Features and description
- Freehold
Key Points
Mixed use investment opportunity Modern development 3 commercial units and 8 flats Allocated car parking Prominent position Close to Crowborough mainline station Outstanding commercial rent reviews All units sold or let
Description
The premises comprise 3 retail units to the ground floor all let on commercial leases with 8 residential flats over all sold on long leases. Details of the commercial lettings are listed below. Each unit has allocated car parking. The premises are offered for sale on a new 999 lease subject to both the commercial and residential lettings.
In summary:
Shop 1 - let for a term of 12 years from August 2015 to 2 individuals trading as Jarvis Brew Coffee Shop at £9,000pa subject to rent review at 6th year (outstanding).
Shop 2 - let for a term of 10 years from October 2019 to an individual trading as a barbers shop at £10,000pa subject to rent review at 5th year.
Shop 3 - Let for a term of 6 years from November 2019 to Eridge Green Kitchens as a showroom and held in their Limited Company name at a rent of £8,500pa subject to rent review at 3rd year (outstanding).
There are 8 flats over, 4 per floor, all let on long leases for a term of 125 years paying a ground rent of £100pa subject to review every 15th year (from 1st July 2015) and a service charge at 12.5% of landlords expenditure per unit.
The entire premises are offered for sale on a new long leasehold interest of 999 years subject to the commercial and residential lettings. Offers sought in the region of £425,000.
Location
Enterprise House is located along Farningham Road close to its junction with Crowborough Hill and adjoining Crowborough main line railway station. Farningham Road leads to one of Crowborough's trading estates. There is a Tesco store close by together with a further trading estate at Sybron Way.
Description
The premises comprise 3 retail units to the ground floor all let on commercial leases with 8 residential flats over all sold on long leases. Details of the commercial lettings are listed below. Each unit has allocated car parking. The premises are offered for sale on a new 999 lease subject to both the commercial and residential lettings.
In summary:
Shop 1 - let for a term of 12 years from August 2015 to 2 individuals trading as Jarvis Brew Coffee Shop at £9,000pa subject to rent review at 6th year (outstanding).
Shop 2 - let for a term of 10 years from October 2019 to an individual trading as a barbers shop at £10,000pa subject to rent review at 5th year.
Shop 3 - Let for a term of 6 years from November 2019 to Eridge Green Kitchens as a showroom and held in their Limited Company name at a rent of £8,500pa subject to rent review at 3rd year (outstanding).
There are 8 flats over, 4 per floor, all let on long leases for a term of 125 years paying a ground rent of £100pa subject to review every 15th year (from 1st July 2015) and a service charge at 12.5% of landlords expenditure per unit.
The entire premises are offered for sale on a new long leasehold interest of 999 years subject to the commercial and residential lettings. Offers sought in the region of £425,000.
Location
Enterprise House is located along Farningham Road close to its junction with Crowborough Hill and adjoining Crowborough main line railway station. Farningham Road leads to one of Crowborough's trading estates. There is a Tesco store close by together with a further trading estate at Sybron Way.
More information
Listed by
Oldfield Smith
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