Freehold development opportunity in Henfield High Street

9 March 2016

Freehold development opportunity in Henfield High Street

A substantial freehold building compromising a ground floor shop, 1 bedroom flat and former hall is available through Henry Adams Commercial.  The hall and flat, which are independently accessed from the side, are currently vacant and in need of refurbishment.  The property benefits from a good sized rear courtyard, which is accessed via a shared driveway from High Street.  The commercial premises are currently let to Alan Woodward Butchers (est. 1960s) on a monthly rental basis at a passing rent of £12,000 per annum exclusive.  The tenant has been holding over for several years but has indicated a willingness to sign a new 5 year lease term.  Subject to obtaining planning consent, the former hall accommodation could be converted to a 2 bedroom flat.  Offers in the region of £430,000 are being sought for the freehold interest.   
Further details and an appointment to view the property is available through Andrew Algar on 01403 282519 or you can contact Andrew here.

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