Retail in East Grinstead available for sale
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Retail Property for Sale near the East Grinstead, UK

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More details for 14-16 London Rd, East Grinstead - Retail for Sale

14-16 London Rd

East Grinstead, RH19 1AG

  • Retail for Sale
  • £600,000
  • 600 sq ft
  • 1 Unit Available
  • 24 Hour Access

East Grinstead Retail for Sale

Retail and Residential Building in a prime location in the London Road affording good investment and management potential.<br /><br />• Good access to all Town Centre amenities<br />• Attractive historic building<br />• Building extends internally to approximately 1,800 sq ft (167 sq m)<br />• One shop and two 2 bedroom flats<br />• Good long term potential<br /><br />FREEHOLD INVESTMENT FOR SALE<br /><br /> SITUATION<br />The Property is prominently situated in a prime trading position in the London Road, the main retail area of East Grinstead. Major retailers near by include Natwest Bank, WH Smith, Fat Face, Vodafone, Holland & Barrett and Poundland.<br />The railway station with services to London via East Croydon and the bus terminus are both within approximately 0.5 miles. Junction 10 on the M23 motorway is about 6 miles distant, giving access to Gatwick Airport and the M25 motorway.<br /><br />DESCRIPTION<br />16 London Road is a mid-terrace building and architecturally forms part of a pair with 14 London Road. The building provides a retail shop at ground floor and two upper floors arranged as two flats. The property has brick elevations to the front and rear with the second floor tile hung at the front, all under a pitched, clay tiled roof.<br /><br />The Shop trades as Toni & Guy and is fitted out as a hair salon. The shop front is mainly glazed with the entrance door to the left-hand side of the building. Internally the shop is a rectangular shaped layout. At the rear there is a staff area with WC kitchenette, and rear door to a passage leading to the London Road.<br /><br />The first floor flat, No 16a, is reached via a door from the pavement set within 14 London Road and comprises two bedrooms, a sitting room, bathroom and kitchen. There is access from the kitchen to a small roof terrace above the rear of the shop.<br /><br />Flat 16b is approached via an external passageway and with the rear access shared with the shop. The flat comprises two bedrooms, a sitting room, bathroom and a kitchen. Similar to the flat the floor below.<br /><br />Shop<br />Unit Size: 600 sq ft (55.74 sq m)<br />Tenant: Toni & Guy South East Ltd<br />Reg. No. 05272448<br />Lease Term: 14.02.2020 to 13.02.2030 Inside L & T Act 1954<br />Current Rent: £19,000 per annum<br />Rent Review 14.02.2025<br />Tenant repairs<br />Insurance rent recharged<br /><br />Flat 16a<br />Flat Size: 614 sq ft (57 sq m)<br />Tenant: Two individuals<br />Lease Terms: Periodic - 30.01.2025<br />Current Rent: £11,376 per annum<br />Assured Shorthold Tenancy<br /><br />Flat 16b<br />Flat Size: 581 sq ft (54 sq m)<br />Tenant: Two individuals<br />lease Terms: Periodic - 30.05.25<br />Current Rent: £12,000 pa<br /><br />BUSINESS RATES & COUNCIL TAX<br />The Properties have the following rateable values:<br />16 London Road - shop & premises - £16,250<br />16a London Road - residential flat - Band B<br />16b London Road - residential flat - Band B<br /><br />TERMS<br />Offers invited for the freehold - price guide - £600,000. Subject to the tenancies, subject to contract and exclusive of VAT.<br /><br />VIEWING<br />Strictly by confirmed appointment via the Selling Agents:-<br />RH & RW Clutton -[use Contact Agent Button]<br />Ben Hall - [use Contact Agent Button]<br /><br />

Contact:

RH & RW Clutton

Property Subtype:

Shopfront Retail / Residential

Date on Market:

11/07/2025

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Retail Properties for Sale Within 5 miles of the East Grinstead, UK

FAQs about Retail property for sale in East Grinstead

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How many Retail Property listings are available for sale in East Grinstead?
There are currently 1 Retail Properties available for sale near East Grinstead. These East Grinstead Retail Property listings have an average size of 600 sq ft. The largest available listing in East Grinstead is 600 sq ft. The thriving commercial centre and excellent transport links in East Grinstead make it an ideal location for businesses to find suitable Retail Property for sale.
How much does it cost to buy Retail Property in East Grinstead?
The average price/SF for Retail Property for sale in East Grinstead is about £749. The cost per sq ft for Retail Property in East Grinstead ranges from £749 to £749, depending on the location and the size of the property.
What factors could affect the prices of Retail Properties in East Grinstead?
Several factors can impact the price of Retail Properties, including the size and location of the property, its net initial yield, and the amenities it offers. Prices currently range from £749 to £749 per square foot. While the average net initial yield for Retail Properties is 3.17%.
What is the largest Retail Property available for sale in East Grinstead?
Currently, the largest Retail Property available to buy is 600 sq ft and the smallest is 600 sq ft. The average size of Retail Property available for sale in East Grinstead is approximately 600 sq ft.
What are the benefits of investing in retail property?
Retail property can offer long-term rental income, especially with established tenants. High street shops, shopping centres, and neighbourhood parades all offer opportunities for stable yields, with leases often structured on full repairing and insuring (FRI) terms.
What risks should I consider when buying retail property?
Risks include tenant turnover, void periods, changes in consumer habits, and local competition. Location is key—properties in well-trafficked or affluent areas tend to be more resilient to market shifts.
How does lease length affect retail property investment?
Longer leases (typically 5–15 years) can provide more predictable income. Some leases include upward-only rent reviews, which help protect returns over time. It's important to review break clauses and rent-free periods during due diligence.
What types of tenants occupy retail property?
Retail tenants include national chains, local independents, convenience stores, restaurants, salons, and service providers. National brands may offer greater covenant strength, while independents can offer flexibility and local appeal.
Do I need planning permission to change a retail property's use?
Most retail units now fall under Class E, which allows changes of use between shops, cafés, offices, and some medical or fitness uses without full planning permission. However, local restrictions or conservation areas may require additional consent.

Discover More Retail Properties for Sale in the East Grinstead, UK

With 1 retail units currently available for sale in East Grinstead, the area presents a solid opportunity for investors seeking income-producing commercial property. Shops and retail premises remain a resilient asset class in East Grinstead, particularly in high-footfall streets, suburban centres, and growing residential areas. Investors can choose from single-let high street shops, parade investments, convenience stores, and mixed-use buildings with both retail and residential components. Tenants often include local independents, cafés, national chains, and essential services such as pharmacies or food outlets, providing reliable rental income and long-term potential.

When purchasing a retail property in East Grinstead, key considerations include location footfall, tenant strength, lease terms, and scope for asset management. Prime areas close to transport links, schools, or densely populated neighbourhoods are typically in higher demand. Investors should assess the EPC rating, permitted use under Class E, and whether there’s potential to convert upper floors or reconfigure the unit. Well-let shops with full repairing and insuring (FRI) leases and upward-only rent reviews offer strong yield stability, while underused stock may present redevelopment or repositioning opportunities. With the right due diligence, retail units in East Grinstead can form a valuable part of a diversified investment portfolio.

  • Footfall & visibility: Prioritise high street, corner, or parade locations with strong local catchments
  • Tenant covenant: Assess trading history, sector resilience, and lease security
  • Lease structure: Favour long-term FRI leases with upward-only rent reviews
  • Permitted use: Class E properties offer flexibility for shops, cafés, clinics, or services
  • Rental yield & growth: Evaluate rent levels and local demand for retail space
  • Repositioning potential: Consider refurbishment, signage improvements, or upper floor conversion
  • Exit strategy: Plan for long-term hold, break-up, or onward sale to owner-occupiers or funds

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