Multi tenanted investment property for sale in Lewes

This property is marketed by:
Bonsors

A pair of mid terrace freehold four storey properties built circa 1900. 170 High Street is arranged as a ground floor shop with basement storage. There is a self contained ground floor High Street access to the upper parts. At first and second floors there are two flats, sold off on long leases (see schedule). 170a and 170b comprise two ground floor shops one fronting the High Street and one situated to the rear of the ground floor. There is self contained ground floor access to two flats above, sold off on long leases (see schedule). There is a substantial rear yard with parking for four vehicles allocated for use by the Funeral Director.

Key Features:

• County town of East Sussex
• High Street location. Close to the tourist attraction of Lewes Castle
• Freehold, well let, multi tenanted
• Established long term occupier tenants
• Upper parts "sold off" as four flats
• Total income of £52,050 pa
• Large vacant basement - potential to let separately
• A purchase at this level would show a net yield of 10.09%

LOCATION

The property is located in the centre of the county town of Lewes with frontage to the High Street with views from the rear over the historic Lewes Castle. Close by are Jigsaw, Caffe Nero, Nationwide Building Society, McColls, ASK Restaurant, Pelham House wedding venue and the White Hart Hotel (now under Heartwood Inns/Raymond Blanc).