A freehold investment opportunity to build/convert a new ground floor single storey property in the town centre of East Grinstead with 2 bedrooms and off street parking, along with the freehold of the shop and accommodation above (shop currently let/accommodation sold on long leasehold).
Viewing strictly by appointment only with the sole agents: RH & RW Clutton
East Grinstead Office - 01342 410122
This property provides a unique investment/development opportunity.
Present accommodation comprises:-
Ground Floor Shop (presently a tattoo parlour) about 4.04m x 8.84m (13'3 x 29'). Opening into Centre Shop about 4.93m x 3.05m (16'2 x 10') and opening into Rear Shop/Office about 4.57m x 3.05m (15' x 10'). Lean-to Store Room about 4.88m x 1.68m (16' x 5'6).
Floor area approximately 64.69 sq m (696 sq ft).
Please note the shop is let on a 3 year full repairing and insuring lease with 1 year remaining at a rental of £11,000 pax. The first floor flat was sold on a long leasehold some years ago with an annual ground rent of £100 payable to the freeholder.
The property lies on the one way system opposite Moat Church and close to Majestic Wine, Halfords and Macdonalds. The town centre and station are within walking distance. Forest Row to the south is 4 miles, Crawley 10 miles and Godstone/M25 12 miles.
Planning consent (DM/17/4442) dated 8th February 2018 permits the demolition of the existing office building at the rear and the construction of a single storey dwelling of approximately 65 sq m (700 sq ft), comprising two bedrooms, bathroom and kitchen/living area with associated garden and parking area. There are very detailed conditions attached to the consent including an Ashdown Forest SAMM contribution of £2,146 covered by a separate 106 agreement. Copies of both are attached to our online brochure on www.rhrwclutton.com or available at www.midsussex.gov.uk.
The floor area as drawn is c.700 sq ft (65 sq m).
Offers invited in the region of £200,000 for this interesting investment/development project.