Offers in region of
£379,500
(£350.74/sq. ft)
Retail premises for sale1 The Parade, Caterways, Horsham RH12
1,082 sq. ft
Back to market
Freehold
About this property
Description
The property consists of a ground floor lock-up shop arranged as a reception area, treatment room, kitchen, WC, and a storage cupboard. Above, there is a self-contained flat over first and second floors, accessed via an external staircase, comprising two bedrooms, a living room, a kitchen, a bathroom, and a loft conversion which we understand to be fully compliant for use as a third bedroom. The flat has recently had a boiler and central heating installed, and has been redecorated and re-carpeted throughout. Additionally, the premises include a garage that is situated to the rear of the property.
Location
The property is situated to the west of Horsham town centre, just off Merryfield Drive. The neighbourhood parade includes a convenience store/post office, a hairdressers, a computer shop and an estate agents. The Coot public house is also just opposite the parade.
Furthermore, the parade benefits free convenient parking to the front of the retail units.
Tenure
The property is available by way of a sale of the freehold interest, subject to the existing tenancy.
Tenancy
The ground floor is let to a private individual, trading as Becky's Lashes by way of an effectively full repairing and insuring 10 year lease from 01 February 2023 at the current rent of £12,000 per annum. There is a tenant only break and an upward only rent review applicable in February 2028. The lease is held outside of the Landlord & Tenant Act 1954. It is anticipated that the flat could command a rental level of circa £14,400 per annum.
The flat comes with vacant possession.
VAT
VAT is understood not to be applicable.
Legal Costs
Each party to be responsible for their own legal costs.
The property consists of a ground floor lock-up shop arranged as a reception area, treatment room, kitchen, WC, and a storage cupboard. Above, there is a self-contained flat over first and second floors, accessed via an external staircase, comprising two bedrooms, a living room, a kitchen, a bathroom, and a loft conversion which we understand to be fully compliant for use as a third bedroom. The flat has recently had a boiler and central heating installed, and has been redecorated and re-carpeted throughout. Additionally, the premises include a garage that is situated to the rear of the property.
Location
The property is situated to the west of Horsham town centre, just off Merryfield Drive. The neighbourhood parade includes a convenience store/post office, a hairdressers, a computer shop and an estate agents. The Coot public house is also just opposite the parade.
Furthermore, the parade benefits free convenient parking to the front of the retail units.
Tenure
The property is available by way of a sale of the freehold interest, subject to the existing tenancy.
Tenancy
The ground floor is let to a private individual, trading as Becky's Lashes by way of an effectively full repairing and insuring 10 year lease from 01 February 2023 at the current rent of £12,000 per annum. There is a tenant only break and an upward only rent review applicable in February 2028. The lease is held outside of the Landlord & Tenant Act 1954. It is anticipated that the flat could command a rental level of circa £14,400 per annum.
The flat comes with vacant possession.
VAT
VAT is understood not to be applicable.
Legal Costs
Each party to be responsible for their own legal costs.
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Monthly repayment
£1,898 per month
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