Mixed Use Investment For Sale | Rye - East Sussex

Published: 27/04/2023

Prime Mixed Use Retail & Residential Freehold Investment For Sale in Rye Town Centre, East Sussex.

RAB Commercial Property have been instructed to market this prime mixed use retail and residential investment in the heart of Rye, East Sussex for sale. The mixed used investment comprises a ground floor retail unit of circa 3,000 sq.ft plus 5 spacious apartments.

Rye is an affluent and attractive coastal town in East Sussex, situated approximately 19 miles southwest of Ashford and 12 miles east of Hastings. London is 62 miles to the northwest.
Road communications are good with the A259 / A2070 linking onto the M20 at Junction 10 (Ashford). The railway station is only 250 metres from the property providing direct services to Ashford International, Hastings and Eastbourne.

The property comprises a three-storey mixed use retail and residential building fronting the A259 adjacent to Rye town centre. Part of the property is new build and comprises 4 apartments, all spacious and fitted to a high specification. The ground floor retail / restaurant offers excellent potential for splitting / conversion or letting to a national retail chain.

There is a large town centre pay and display car park adjacent to the property.

Rye is town centre is vibrant with a wide range of independent retailers that attracts a range of investors / second homeowners for both commercial and residential properties.

The ground floor retail unit has traded a take-away fish & chip shop and restaurant for over 50 years and by the current owner for 22 years. It is available with vacant possession or on leaseback terms to be agreed. The apartments are currently let on AST’s producing £77,112 per annum. The apartments would be attractive if sold individually to second homeowners.

Planning consent exists to convert part of the ground floor retail space to residential.

The property is offered with a guide price of £1,900,000 subject to contract only. VAT is not applicable.

For more information contact Richard Braysher at RAB Commercial Property on 07788 274312 or email richard.braysher@rabcommercial.com

RAB Commercial Property specialise in the acquisition, sale and letting of all types on commercial property in London, Berkshire, Cambridgeshire, Northamptonshire, Nottinghamshire, Lincolnshire, Hertfordshire, Bedfordshire, Surrey, Kent, Sussex and the Southeast.

For more information please contact:
Richard Braysher
(t) 020 3751 2775
(m) 07788 274312