Bed Shop For Sale
37 High Street, Steyning, BN44

In Excess of £250,000 (Freehold)

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Commercial Premises For Sale With Tenant In Situ
£18,500 Per Annum Income
Ideal High Street Location In The Heart Of Steyning
Annual Yield Close To 8%
Currently Let To A High End Interiors Company On A 10 Year Lease With A Five Year Rent Review - Lease Commenced 1/10/2023
Nearly 700 Sq Ft Of Commercial Space On The Ground Floor Of The Old Bank With Direct High Street Access

This is a rare opportunity to acquire a well-appointed commercial premises, situated in a prime high street location in the heart of Steyning. Currently generating a strong annual income of £18,500, this property presents an attractive investment prospect, with an annual yield close to 8 percent. The property is being sold with a reliable tenant in situ, providing immediate and stable returns for the discerning investor.

Occupying nearly 700 square feet of versatile commercial space on the ground floor of the distinguished Old Bank, this premises enjoys direct access from Steyning’s vibrant high street. Its prominent frontage ensures excellent visibility and footfall, making it an ideal choice for a variety of retail or service-based enterprises. The property is currently let to a reputable, high-end interiors company, which has established itself as a destination for quality and design-conscious customers in the area.

The current lease commenced on 1st October 2023 and runs for a term of ten years, with a rent review scheduled at the five-year mark. This provides the new owner with peace of mind, knowing that the property benefits from a long-term, secure tenancy with a professional business. The lease terms also offer the potential for future rental growth, further enhancing the investment appeal of the property.

Internally, the premises are well presented and benefit from a flexible open-plan layout, which can be adapted to suit a range of business requirements. The internal specification reflects the high standards expected of a modern commercial environment, with quality flooring, lighting, and fixtures throughout. The space is arranged to maximise useability and customer flow, while also offering practical storage and staff facilities (details available on request).

Located in the bustling centre of Steyning, the property is surrounded by a diverse mix of independent retailers, established businesses, and essential local amenities. This sought-after setting ensures a steady stream of potential customers and contributes to the ongoing success of the current tenant. The high street position also offers excellent transport links and accessibility for both customers and staff.

In summary, this commercial property represents an outstanding investment opportunity, combining a strong yield, a secure long-term tenancy, and an enviable high street location. Early enquiries are encouraged to avoid disappointment and to secure a valuable addition to any commercial property portfolio. For further information or to arrange a viewing, please contact our office.