1-2 Strand Ct 920 SF Retail Unit Offered at £195,000 in Rye TN31 7AY

A ground floor purpose built lock up retail unit with front and side display windows. Total useful floor area: 85 sq.m. The property is currently occupied by “Hilton & Hayward”, an independent retailer of carefully curated, ecofriendly, ethical artisan gifts, gift hampers, homeware and interiors; hiltonandhayward.com. Further details regarding the terms of the prevailing seven-year business lease and rental yield upon request. Long lease details in summary: Term: 125 years from 1988 Ground Rent: Peppercorn Permitted trading hours: Normal business opening hours but not to open after 7pm on any day Permitted use: As a retail shop but other uses aside from catering and food could potentially be considered subject to approval by the freeholder. The long lease is subject to outgoings and contributions. Further information: Mains electricity, water and drainage. Predicted mobile phone coverage: 02, EE and Three Broadband speed: Ultrafastfast 1000Mbps available. Source Ofcom Rivers and sea flood risk summary: Very low risk. Source GOV.UK Local Authority: Rother District Council 01424 787730. Rateable Value £9,200. Uniform Business Rate Multiplier for 2024-2025: 49.9. Current business rates payable approximately £4591* pa.