3 bed end terrace house for sale

The Parade, Caterways, Horsham RH12

Investment buy to let opportunity; retail premises and apartment, both fully let. Attractive mixed use commercial rate of stamp duty to any prospective landlords, potentially saving circa £18,000 of stamp duty when compared to a residential buy to let, making an excellent return of £28,500 p.a, an 8.1 to 8.8% return, with scope to rent the garage out to further increase the yield. This is an excellent opportunity to maximise your investment return.

Offers between £325,000 to £350,000.

- Retail unit, class E - currently let
- Residential unit - currently let
- Garage
- commercial rate of stamp duty - excellent returns


Retail unit: Let on a 10 year full repairing lease, with a 5 year break and rent review provision, from 2023 of £12,000 p.a. To a popular beauty saloon in a parade of shops serving the affluent Merryfield Drive, Horsham, market. Customer parking is provided.

Residential property: Fully updated 2 bedroom, with loft room, maisonette and let on a £16,500 p.a. Rent to a financially and professionally qualified tenant. The maisonette comprises of kitchen, living room, bathroom and loft room and is accessed via communal balcony. The retail unit owns the lease for the maisonette and whilst there are 57 years on the lease, the owner would be able to grant themselves a lease extension of their choosing.

Garage: Single garage which could be used privately or further let to maximise yield.

Location: The Caterways shops are located on Merryfield Drive, just a stones throw away from Horsham town centre, a thriving historic market town with an excellent selection of national and independent retailers including a large John Lewis and Waitrose store. There are twice weekly award winning local markets in the Carfax in the centre of Horsham featuring local produce, or head to East Street, or 'Eat Street' as it is known locally, where there is a wide choice of restaurants ranging from large chains such as Nando's & Wagamama to the small independents such as La Piazzetta.

There is ample choice when it comes to activities, and in particular The Pavilions In The Park offers a comprehensive leisure centre with its gym and swimming pools set in Horsham Park. Enjoy a variety of entertainment at The Capitol Arts Centre and Everyman Cinema.

There are some beautiful walks and cycle rides in the immediate countryside just a few minutes walk, despite its central location. Further afield, the stunning South Downs and coast are within easy reach. For those needing to commute, Horsham Station is a short stroll away, with a direct line to Gatwick (17 minutes) and London Victoria (52 minutes) and there is easy access to the A 24 and M23 leading to the M25.

Disclaimer: The internal staircase leading to the loft room has been approved by building regulations; however, it is particularly steep. Prospective tenants should be aware that it may not be suitable for young children.

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