8 High Street, Lewes

8 High Street,
Lewes, East Sussex, BN7 2AD

Under Offer
Investment, Retail

Offers in excess of £515,000

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Prime Pitch Retail Investment For Sale in County Town

Location

The property is situated on the High Street in the centre of Lewes close to a wide range of national and independent retailers and the County Court. 8 High Street is prominently located close to the junction with High Street and Friars Walk in the centre of the town with nearby occupiers including WHSmith, Boots, Costa Coffee, Holland & Barrett & New Look. Lewes is a busy and affluent market town with a population of approx. 17,000, located some 9 miles north east of Brighton on the A27 trunk road. Lewes mainline railway station has regular and direct service to Brighton (journey time of 17 minutes) and London Victoria (journey time of 1 hour and 10 minutes).

Description

The property is arranged over ground and one upper floor to provide a ground floor banking hall with ancillary offices and staff accommodation to the first floor. The property which presents in superb condition is accessed via automatic door directly off High Street which leads to an open plan Banking Hall with two glazed partitions creating private meeting rooms. The ground floor also accommodates a secure ATM room and a rear strongroom. Internal stairs lead to first floor level where staff welfare facilities can be located alongside the plant room and a large open plan office area. Internally the property benefits from superb 24ft window frontage, three phase electricity, suspended ceilings with LED lighting, air conditioning (not tested), gas central hearing (not tested), ample electrical points and a variety of differing floor coverings. The property does not come with any allocated parking.

Accomodation

Name/FloorSq FtSq MAvailability
Ground Banking Hall1,03596.15Available
Ground ATM Room15314.21Available
Ground Office1039.57Available
Ground Lobby / Store777.15Available
Ground Safe787.25Available
1st Office Room 1 / Managers Office11710.87Available
1st Office Room 211510.68Available
1st Main Office Area35232.70Available
1st Kitchen / Break Out Area62658.16Available
1st Plant Room706.50Available
Total2,726253.25 

Terms

The property is available freehold subject to the below mentioned tenancy.

The property is let to Lloyds Bank PLC on a lease for a term of 10 years from 1st December 2015 at a current passing rent of £43,000 Per Annum. There are no further rent reviews or break clauses within the lease. A full copy of the lease is available to serious applicants upon request.

Business Rates

According to the VOA (Valuation Office Agency) the property has a Rateable Value of £46,750.

Anti-Money Laundering

In accordance with the above requirements, we need two forms of identification from the buyer together with evidence/proof identifying the source of funds.

Summary

  • Situated In Pedestrianised Lewes High Street
  • Let to Lloyds Bank PLC Until 1st December 2025 At A Passing Rent of £43,000 Per Annum
  • Net Yield of 7.97%
  • Potential To Re-Gear Lease, Asset Manage, Convert Upper Parts (stpc)
  • Nearby Occupiers Include Costa Coffee, Boots, Holland & Barrett & Waterstones
  • Block Viewings Available