82 High St
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82 High St
5,490 SF Retail Building Lewes BN7 1XW For Sale
Investment Highlights
- Good frontage
- Good location
- Income producing
Executive Summary
Investment opportunity with The ground floor is held on a 999-year leasehold basis at a peppercorn rent, the freehold is owned by the upper floors. The property is sub-let to Cote Restaurant Group Limited on a 25 year effectively fully repairing and insuring lease from 24 April 2017 expiring 23 April 2042. The property is subject to a turnover rent based on 5% of the aggregate of the previous four quarters turnover. We understand that on assignment or sub-letting the turnover rent falls away and the lease reverts to the higher of £62,500 pax or market rent.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold/Long Leasehold
Property Subtype
Storefront Retail/Office
Building Size
5,490 SF
Building Class
B
Year Built
1890
Tenancy
Single
Building Height
4 Stories
Frontage
28 FT on High Street
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82 High St
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