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18 George St 3,492 sq ft 100% Let Office Property Hailsham BN27 1AE £750,000 (£214.78/sq ft) 12.44% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Grade II listed building
- Generous car parking and extensive grounds
- Located in the centre of Hailsham town
EXECUTIVE SUMMARY
The premises have been divided to provide for a series of office suites of varying sizes, let to a series of tenants with shared kitchen and cloakroom facilities. The premises are fully let except for a small single suite currently providing an annual income of £93,327.48 (February 2025). The tenants pay a single fee to include rent, use of services, heating, lighting etc. Each suite is separately assessed for business rates where each tenant pays any rates due to the local authority.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Tenure
Freehold
Property Size
3,492 sq ft
Costar Property Class
B
Year Built
1898
Price
£750,000
Price per sq ft
£214.78
Yield
12.44%
NOI
£93,327
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
3
Typical Floor Size
1,164 sq ft
Plot ratio
0.21
Total Plot Size
0.39 ac
Parking
2 Spaces (0.57 Spaces per 1,000 sq ft Leased)
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18 George St
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