Mixed use investment opportunity
Enterprise House, Station approach, Farningham Road, Crowborough, TN6 2GE
£425,000
na
or call 01825 762222 or 0845 431 0314
Key Features:
- Mixed use fully let investment opportunity
- Modern development
- 3 commercial units and 8 flats
- Allocated car parking
- Prominent position
- Close to Crowborough mainline station
Description:
Enterprise House is located along Farningham Road close to its junction with Crowborough Hill and adjoining Crowborough main line railway station.
The premises comprise 3 retail units to the ground floor all let on commercial leases with 8 residential units over all sold on long leases. Details of the commercial lettings follow. Each unit has allocated car parking. The premises are offered for sale on a new 999 year lease subject to both the commercial and residential lettings. Summary of commercial lets:
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). Further information regarding this tenant/business can be found at their web site: www.jarvisbrew.co.uk
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 at a rent of £8,500pa subject to rent review at 3rd year (outstanding). Further information regarding this tenant/business can be found at their web site: www.eridgegreenkitchens.co.uk
There are 8 flats over, 4 per floor all let on long leases for a term of 125 years paying a ground rent of £100.00pa subject to review every 15th year (from 1st July 2015) and a service charge at 12.5% of landlords expenditure per unit.
Offered for sale on a new long leasehold interest of 999 years. Offers sought in the region of £425,000
Rateable Value: Varies
EPC Rating: D
Potential Broadband Speed:
Based on the postcode, Ofcom indicate that the fastest available broadband speed is:
Download 1000Mb/s
Upload 1000Mb/s
Note: This information is given as a guide only and without liability. Speeds are not guaranteed. The provision of a Broadband connection is not included in any property unless specifically stated. Applicants should verify available speeds with their chosen supplier.