Handguard House, Laser Lane

St Leonards On Sea, TN37 6LL

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Handguard House, Laser Lane, St Leonards On Sea, Industrial / Investment For Sale - IMG_2052.JPEG
Handguard House, Laser Lane, St Leonards On Sea, Industrial / Investment For Sale - IMG_2048.JPEG
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Handguard House, Laser Lane, St Leonards On Sea, Industrial / Investment For Sale - IMG_2059.JPEG
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Handguard House, Laser Lane, St Leonards On Sea, Industrial / Investment For Sale - IMG_2065.JPEG
Handguard House, Laser Lane, St Leonards On Sea, Industrial / Investment For Sale - IMG_2066.JPEG
Property Type Industrial / Investment
Tenure For Sale
Size 863 to 1,905 sq ft
Price £150,000
Business Rates To be confirmed
Energy Performance Rating This property has been graded as D (79)

A small Industrial Investment in the heart of St Leonards

Key Points

  • Fully Let
  • For Sale at £150,000 Freehold
  • Let via 2 separate leases
  • Potential for rental growth

Description

The property is arranged over two floors tenanted under separate leases. Internally the property is arranged as Ground Floor Workshops and First Floor Workshop/Artists' Studios. The ground floor has pedestrian access and loading doors . The workshops are laid out as a number of rooms and also includes a small external yard area to the side accessible via the workshop. There is a separate entrance at ground floor level with stairs leading to the first floor which is laid out as two principle rooms with kitchen and wc to the rear.

Available area

The accommodation comprises the following areas:

Name sq ft sq m
Ground - Workshop/Studio 1,042 96.80
1st - Workshop/Studio 863 80.18
Total 1,905 176.98

Location

The property is located on Laser Lane which runs to the rear of Kings Road. Access is via Cross Street. There is no direct vehicular access. The St Leonards seafront is located a short distance to the south and Warrior Square mainline station is to the north.

Terms

The property is available at £150,000 Freehold. Subject to the current leases/licences. The Ground Floor is currently let at £5,148 per annum and the First Floor is let at £3,120 per annum by way of separate licence agreements. The licence agreements allow for recovery on buildings insurance and require the tenants to be responsible for outgoings and services in relation to the units but not repairs.