Join Chris Lawson for his Annual Year End Report.
Brought to you by Cleo and Toffee Productions:
A delightful retail investment which is competitively priced has just become available in Ticehurst.
It comprises a ground floor lockup shop of in total around 700 sq ft together with a 2-bed flat over sold on a long lease. The shop trades as a cafe and is let for a term of 10 years from Aug 2011.
The total rental income, including ground rent for the flat, is £7,850 per annum.
A price of £115,000 is being sought showing a return of just under 7% before purchaser’s costs.
Lawson Commercial have successfully negotiated the assignment of a lease at Unit 1, Plot 14 Bell Lane, Uckfield to local engineering company Triple R Engineering who are expanding.
Triple R moved to a unit only a few yards away in Bell Lane in 2016 and have now taken over the residue of a lease on this 1,200 sq ft unit to satisfy their need for additional storage.
It is always pleasing to do a deal to a local company who is growing their business and we wish them continued success.
Lawson Commercial now have available a great opportunity to acquire a showroom, workshops + stores in Fletching which is ideal for the motor trade and benefits from a 10,000 sq ft yard ideal for open display or storage.
As well as showroom area of 1,280 sq ft the useful workshop of 1,765 sq ft has 3 roller shutter doors.
With additional storage and office space there is just under 4,500 sq ft in total.
The property is available to rent on a new 5 year lease at £35,000 pa.