Station Road

Description

Freehold mixed-use investment on Station Road, a short walk from Burgess Hill station and the town centre.

The ground-floor shop, of approximately 667 sq ft, is let to Go Barking, an established local dog grooming, pet supply and daycare business, at £15,000 per year. A new 7-year lease has been issued to the tenant and is awaiting completion.

Freehold Mixed-Use Investment – Station Road, Burgess Hill

Price: £155,000 | Tenure: Freehold

Key features

Freehold investment: shop with two flats above, both sold on 999-year leases
Shop let to Go Barking (dog grooming, pet supplies, daycare)
Current income £15,000 per year
Gross yield of 9.68% at the asking price
New 7-year lease issued to the tenant, awaiting completion
Parking to the rear
Close to Burgess Hill railway station and the town centre
Low management: flats held on long leases
No onward chain

Description

Freehold mixed-use investment on Station Road, a short walk from Burgess Hill station and the town centre.

The ground-floor shop, of approximately 667 sq ft, is let to Go Barking, an established local dog grooming, pet supply and daycare business, at £15,000 per year. A new 7-year lease has been issued to the tenant and is awaiting completion.

The two flats above, 49A and 49B, have been sold on 999-year leases. Ground rent: [£200 per year / peppercorn]. The freehold also includes parking to the rear.

At the asking price of £155,000, the property shows a gross initial yield of 9.68%. It would suit investors looking for a well-located freehold with low ongoing management.

Further information

Business rates: Rateable value £12 000
EPC (shop): C

Viewings strictly by appointment through Hunters Group.