Beechview Parade Walshes Rd 2,246 SF 100% Leased Retail Building Crowborough TN6 3RA £450,000 (£200.36/SF)
INVESTMENT HIGHLIGHTS
- Situated in a largely residential area
- Close to railway station with services to Uckfield and London Bridge/Victoria
- Good transport links
EXECUTIVE SUMMARY
2 commercial units
Asset Management opportunities
Privately held freehold
Independent 4 bed flat - subject to planning - redevelopment potential
Rear yard for development
A FREEHOLD INVESTMENT OF 2 COMMERCIAL UNITS WITH 4 BED RESIDENTIAL FLAT ABOVE AND REAR YARD AREA
LOCATION
2 Beechview is situated in a largely residential area some 1.5 miles from the main town centre where retailers such as Morrisons, Waitrose, Lidl are situated are about 1.5 miles from the town centre, close to Crowborough & Jarvis Brook railway station with services to Uckfield and London Bridge/Victoria via East Croydon & Clapham Junction. Tunbridge Wells is about 7 miles, East Grinstead about 13 miles and Uckfield about 9 miles.
DESCRIPTION
Beechview 2 consists of 2 commercial units, forecourt parking, 4 bed flat above together with a rear yard/parking area with 3 blockwork garages and 2 timber clad storage units.
The flat is leased seperately on an annual licence. Car parking in front of the retail parade is included as well as the yard to the rear.
ASSET MANAGEMENT
Opportunities to increase short term income . Due to the plot size and subject to all necessary planning consents there is the possibility for redevelopment at the rear of the site.
BUSINESS RATEABLE VALUES: 1 April 2023 to present
2 Beechview Parade - £4,600
Small Business rate relief is applicable for these properties with rateable values below £15,000.
TENURE
The freeholds are held under the following title numbers:
ESX252137, ESX270829, ESX247338
COUNCIL TAX
The residential properties:-
3 Beechview Parade, Walshes Road, Crowborough - Band A
Business and Council tax rates payable are generated via Wealden District Council. .
TERMS
Offers are invited in the region of £450,000 for the freehold asset, subject to the exsiting income.
Please see attached particualars for Tenancy Schedule.
VIEWING
For viewing and further information please contact the selling agents RH & RW Clutton Benedict Hall
RH & RW Clutton East Grinstead Office -[use Contact Agent Button]
[use Contact Agent Button]
Asset Management opportunities
Privately held freehold
Independent 4 bed flat - subject to planning - redevelopment potential
Rear yard for development
A FREEHOLD INVESTMENT OF 2 COMMERCIAL UNITS WITH 4 BED RESIDENTIAL FLAT ABOVE AND REAR YARD AREA
LOCATION
2 Beechview is situated in a largely residential area some 1.5 miles from the main town centre where retailers such as Morrisons, Waitrose, Lidl are situated are about 1.5 miles from the town centre, close to Crowborough & Jarvis Brook railway station with services to Uckfield and London Bridge/Victoria via East Croydon & Clapham Junction. Tunbridge Wells is about 7 miles, East Grinstead about 13 miles and Uckfield about 9 miles.
DESCRIPTION
Beechview 2 consists of 2 commercial units, forecourt parking, 4 bed flat above together with a rear yard/parking area with 3 blockwork garages and 2 timber clad storage units.
The flat is leased seperately on an annual licence. Car parking in front of the retail parade is included as well as the yard to the rear.
ASSET MANAGEMENT
Opportunities to increase short term income . Due to the plot size and subject to all necessary planning consents there is the possibility for redevelopment at the rear of the site.
BUSINESS RATEABLE VALUES: 1 April 2023 to present
2 Beechview Parade - £4,600
Small Business rate relief is applicable for these properties with rateable values below £15,000.
TENURE
The freeholds are held under the following title numbers:
ESX252137, ESX270829, ESX247338
COUNCIL TAX
The residential properties:-
3 Beechview Parade, Walshes Road, Crowborough - Band A
Business and Council tax rates payable are generated via Wealden District Council. .
TERMS
Offers are invited in the region of £450,000 for the freehold asset, subject to the exsiting income.
Please see attached particualars for Tenancy Schedule.
VIEWING
For viewing and further information please contact the selling agents RH & RW Clutton Benedict Hall
RH & RW Clutton East Grinstead Office -[use Contact Agent Button]
[use Contact Agent Button]
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Residential
Building Size
2,246 SF
Building Class
C
Year Built
1960
Price
£450,000
Price Per SF
£200.36
Percent Leased
100%
Tenancy
Multiple
Number of Floors
2
Building FAR
0.25
Lot Size
0.21 AC
Parking
6 Spaces (2.67 Spaces per 1,000 SF Leased)
Frontage
30 ft on Walshes Road
AMENITIES
- Bus Route
- Signage
- Storage Space
1 of 1
NEARBY MAJOR RETAILERS
CONTACT
-
Katie Daly -
RH & RW Clutton
