Offers over
£200,000
(£323.62/sq. ft)
Retail premises for sale42A & 42B Lower Street, Pulborough RH20
618 sq. ft
Freehold
About this property
Investment opportunity
Description
Premises comprise two units, both providing a split-level ground floor retail area together with an office, store and WC at first floor level.
Location
Pulborough is a village situated within the South Downs National Park, accessed from the A29. The premises are located on the northern side of Lower Street, (the A283) the main thoroughfare through the village. Pulborough offers a variety of independent retailers including amongst others a coffee shop/café, a florist, a wine merchant and Pulborough Stores. Situated in the centre of Pulborough with village car park and railway station within close walking distance. The shops can be accessed from the nearby public car park via footpath in Barn House Lane.
Tenure
The premises are available by way of a sale of the freehold investment, subject to the existing tenancies.
Tenancies
42A - Let to an individual by way of a 15 year lease outside of the Landlord & Tenant Act from 01 January 2024, at a rent of £7,500 per annum exclusive. There is a break clause for both parties on 1 January 2026 and 01 June 2034.
42B - Let to an individual by way of a 5 year lease outside of the Landlord & Tenant Act from 01 December 2024, at the current rent of £8,250 per annum exclusive. There is a break clause for both parties and an upward only rent review, both on 01 June 2027.
VAT
VAT is not applicable on the terms quoted.
Legal Costs
Each party to be responsible for their own legal costs.
Premises comprise two units, both providing a split-level ground floor retail area together with an office, store and WC at first floor level.
Location
Pulborough is a village situated within the South Downs National Park, accessed from the A29. The premises are located on the northern side of Lower Street, (the A283) the main thoroughfare through the village. Pulborough offers a variety of independent retailers including amongst others a coffee shop/café, a florist, a wine merchant and Pulborough Stores. Situated in the centre of Pulborough with village car park and railway station within close walking distance. The shops can be accessed from the nearby public car park via footpath in Barn House Lane.
Tenure
The premises are available by way of a sale of the freehold investment, subject to the existing tenancies.
Tenancies
42A - Let to an individual by way of a 15 year lease outside of the Landlord & Tenant Act from 01 January 2024, at a rent of £7,500 per annum exclusive. There is a break clause for both parties on 1 January 2026 and 01 June 2034.
42B - Let to an individual by way of a 5 year lease outside of the Landlord & Tenant Act from 01 December 2024, at the current rent of £8,250 per annum exclusive. There is a break clause for both parties and an upward only rent review, both on 01 June 2027.
VAT
VAT is not applicable on the terms quoted.
Legal Costs
Each party to be responsible for their own legal costs.
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