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High St
Crowborough TN6 2QB

Belmont Buildings · Retail Property For Sale

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Investment Highlights

Comprises ground floor restaurant with ancillary accommodation at first floor
Tenant has 5 branches including 2 in Sevenoaks, 1 in Tunbridge Wells and 1 in Tonbridge

Let until 2038 (No Breaks). Rent review in September 2023 and every 5th year thereafter
Occupiers close by Boots, Santander, NatWest, Barclays and WHSmith amongst others.

Executive Summary

Investment Consideration:
VAT is applicable to this property
Comprises ground floor restaurant with ancillary accommodation at first floor
Let until 2038 (No Breaks). Rent review in September 2023 and every 5th year thereafter
Tenant has 5 branches including 2 in Sevenoaks, 1 in Tunbridge Wells and 1 in Tonbridge
Occupiers close by Boots, Santander, NatWest, Barclays and WHSmith amongst others.
Tenancy:
The property is at present let to an Individual t/a Hattusa Turkish Restaurant for a term of 20 years from 4th September 2018 at a current rent of £16,000 per annum and the lease contains full repairing and insuring covenants. Rent review (open market) in September 2023 and every fifth year thereafter. Deposit held of £4,000.
Hattusa has 5 branches including 2 in Sevenoaks, 1 in Tunbridge Wells and 1 in Tonbridge: visit www.hattusa. co.uk

PROPERTY FACTS

Sale Type

Investment

Property Type

Retail

Tenure

Freehold

Property Subtype

Restaurant

Building Size

1,144 SF

Building Class

Year Built

1900

Price

£250,000

Price Per SF

£219

Net Initial Yield

6.40%

NOI

£16,000

Tenancy

Single

Number of Floors

Frontage

8 ft on High St

Amenities

Storage Space

About High St , Crowborough, ESX TN6 2QB

Property Description: A mid terraced building comprising ground floor restaurant with ancillary accommodation at first floor (internally accessed), providing the following accommodation and dimensions: Ground Floor: 58 sq m (624 sq ft) Open plan restaurant (60 covers) First Floor: 48 sq m (520 sq ft) Full Kitchen, Storage, Customer and Staff WCs Location: Located in Crowborough town centre adjacent to Morrisons and The Original Factory Shop, close to WHSmith, Santander, Boots Pharmacy, Costa Coffee and a host of local traders. Crowborough lies approx. 21 miles north east of Brighton, 24 miles south of Croydon and benefits from good road links via the A26

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