6 Week completion
Located in this attractive village, close to the junction with Church Street, and serving the surrounding affluent residential area. Nearby multiples further along the High Street include Martins, The Co-operative Food, Barclays, Post Office and Cancer Research.
Steyning is situated 12 miles north-west of Brighton, 9 miles north of Worthing and benefits from good road links via the A283 which links to the A24.
An end of terrace Grade II Listed building comprising a Ground Floor Shop with internal access to a Storage Area at first floor level. The property benefits from lay-by parking at the front.
Ground Floor Shop
Gross Frontage 18'6"
Internal Width 16'5"
narrowing to 12'3"
Shop Depth 34'2"
Built Depth 59'1"
First Floor Storage
Area Approx. 680 sq ft
VAT is NOT applicable to this Lot
The entire property is let on a full repairing and insuring lease to M & O Trading Ltd (with personal Guarantor) as an Off Licence (having 35 branches trading under the names of Hartleys (Off-Licence) & Mulberry (Convenience Stores) (T/O for Y/E 31/05/16 £25.3m, Pre-Tax Profit £170,015 and Shareholders' Funds £1.28m) for a term of 15 years and 3 months from 25th June 2010 at a rent of £15,000 per annum exclusive.
Rent Review 2020