8 Church Road Burgess Hill

Description

An attractive terraced building arranged over ground, 1st & 2nd floors. The ground floor premises which previously traded as an estate agents is well presented & provides retails space at the front along with a rear office, kitchen & WC along with rear access. On the upper floors are 2 self contained 1 bedroom flats. 8a is currently occupied by way of a periodic tenancy at a rent of £695 pcm, whilst 8b is let from 24 February 23 on a 12 month tenancy at a rent of £725 PCM. As such it is felt that the 1st floor flat has scope to increase the current rental

Location

The property is situated in a convenient spot on the north eastern side of Church Road in Burgess Hill Town Centre close to Burgess hill Train Station situated on the London to Brighton line. Market Place shopping arcade where Waitrose, Wilkinson's & Boots are located. Other nearby occupiers include Cafe Nero, Nationwide, Specsavers & Uncle Sam's as well as a number of local independent traders.

Terms

Offers are invited for the freehold interest in the region of £450,000 with the benefit of the existing tenancies. Based on the total income of £32,040 a purchase at this level would produce a net yield of 6.82%.