1 The Parade

FREEHOLD FOR SALE

MIXED USE RETAIL AND RESIDENTIAL INVESTMENT

Status

For Sale

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.

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 been recently repainted and re-carpeted throughout.

Available area

The accommodation comprises the following approximate net internal floor areas:

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.

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.

Price

Offers in the region of £420,000

Business Rates

The ground floor has a Rateable Value of £6,100 with a UBR of 49.9 p in £. The flat falls within Council Tax Band B

Energy Performance Rating

Property graded as B-C (Retail: B -26 and the Flat: C -69)