Tandridge House High St 949 sq ft Retail Property Mayfield TN20 6AL £475,000 (£500.53/sq ft)

The premises comprise a character but modern shop/office with rear office, stores, kitchen and cloakroom. The premises are let to a specialist sewing business trading under the name of Sew inspired. They are let for a term of 6 years from November 2021, expiring November 2027 at a commencement rent of £12,00pa subject to rent review at 3rd anniversary. We are advised the review hasn’t been determined. The upper part comprises a self-contained 3 bedroomed flat. They are let under the terms of an Assured Shorthold tenancy for a period of one year from 2008. We are advised the passing rent is currently £9,000pa.
It is considered both the residential and commercial rents are lower than the market rent providing scope to increase these at the appropriate rent review periods.
Offered for sale subject to the commercial and residential lettings.
Copies of the leases are available on request.