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8 George St 4,290 sq ft 100% Let Retail Property Hailsham BN27 1AE £355,000 (£82.75/sq ft) 8.90% Net Initial Yield
Investment Highlights
- Town centre mixed use investment property
- Current high specification refurbishment to be finished before completion
- Two self-contained offices and a large maisonette
Executive Summary
A Grade II Listed investment property located in Hailsham town centre. It is arranged as a ground floor retail/office unit which is vacant and in the process of being refurbished with an adjoining separate office which is currently occupied by a taxi firm. To the rear, there is a two-storey, two-bedroom maisonette which is also in the process of being refurbished. The refurbishment will be completed prior to completion and is being done to a very high standard.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront Retail / Office
Property Size
4,290 sq ft
Costar Property Class
C
Year Built
1930
Price
£355,000
Price per sq ft
£82.75
Yield
8.90%
NOI
£31,595
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
3
Plot ratio
3.28
Total Plot Size
0.03 ac
Frontage
14 ft on George Street
Amenities
- Bus Route
- Commuter Rail
- Storage Space
1 1
Nearby Major Retailers
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8 George St
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