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Co-op, Haywards Heath

104 Franklynn Road, Haywards Heath, West Sussex, RH16 4DN

Summary

• LOCATION
  HAYWARDS HEATH
• SECTOR
  PETROL FILLING STATION
• SITE
  0.44 ACRES
• SIZE
  4,985 SQ FT
• TENURE
  FREEHOLD
• TENANT
  THE SOUTHERN CO-OPERATIVE LTD
• SOUTHERN CO-OP
  TOP PERFORMING STORE
• COVENANT
  £112M SHAREHOLDERS FUNDS
• UNEXPIRED TERM
  5.2 YEARS
• PASSING RENT
  £193,538 PER ANNUM
• RENT REVIEW
  RPI LINKED (5%-16%)
• TOPPED UP RENT
  £224,504 PER ANNUM
• PRICE
  £3,000,000
• NIY
  7.00%

More Information

• LOCATION

  Haywards Heath is an affluent, fast growing commuter town located 12 miles north of Brighton, 14 miles south of Gatwick Airport and 38 miles south of Central London. The Property is situated in a prominent roadside position on Franklynn Road (B2272), a key route connecting Haywards Heath with Lewes and Uckfield.

• DESCRIPTION

  The Property comprises a modern petrol filling station and a two storey building, providing a convenience store at ground floor and self-contained office accommodation at first floor. The spacious forecourt includes four dual sided fuel pumps, providing a total of 24 nozzles. There are 7 underground tanks with a total capacity of 123,077 litres, including 3 unleaded tanks, 3 diesel and 1 unused tank. The forecourt provides 19 car parking spaces.

• TENANCY

  The Property is entirely let to The Southern Cooperative Limited on a full repairing and insuring lease for a term of 15 years from 04 March 2016, expiring 03 March 2031, providing 5.2 years unexpired.The current passing rent is £193,538 per annum. The rent is reviewed 5 yearly in line with the increase in the RPI, subject to a collar of 5% and cap of 16%. The next rent review is 04 March 2026, where the rent will increase to £224,504 per annum. The rent will be topped up to this level on completion of the sale.

Gallery

ADS RE Ltd (ADS RE) on its own behalf and on behalf of the vendors / lessors of the properties whose agent ADS RE is, gives notice that:1 (a) All particulars provided are given as a general outline only for the guidance of the intending purchaser, lessee or tenant, and do not constitute in whole or in part, an offer of contract for sale or lease; (b) Whilst all particulars of properties given including but not limited to descriptions, dimensions, references to condition and necessary permissions for use and occupation and maps are believed to be correct and are given in good faith, they are however given without responsibility. None of the statements contained in these particulars as to the property are to be relied upon as statements or representations of fact; (c) The vendor / lessor does not make or give, and neither ADS RE nor any of its members or any person in its employment has any authority to make or give any representation or warranty whatsoever in relation to any properties. The only representations, warranties, undertakings and contractual obligations to be given or undertaken by the vendor / lessor are those contained and expressly referred to in the written contract for sale or agreement for lease between the vendor / lessor and a purchaser or tenant. 2 Prospective purchasers / lessees or tenants should not rely on any particulars provided and are strongly advised to; (a) Satisfy themselves by inspection or otherwise as to the correctness of each statement contained in these particulars; (b) Inspect the property and the neighbouring area; ensure that any items expressed to be included are available and in working order; (c) Arrange a full measured, structural (and where appropriate environmental) survey of the property; and (d) Carry out all necessary searches and enquiries. January 2026