Ground Floor Retail Investment Units For Sale in Horsham, West Sussex

This property is marketed by:
Bonsors / SHW

Investment Freehold For Sale in Horsham, West Sussex

Key Features

• Horsham is an attractive and affluent town in West Sussex.
• West Street is the 100% prime pedestrianized retail street.
• Adjoining the Swan Walk shopping centre now owned by Cube RE.
• Both The White Company and Card Factory are on FRI leases.
• Both tenants are rated 100/100 Very Low Risk.
• Total income of £170,750 per annum. Income secured to at least May 2030.
• Layout amenable to residential conversion and vertical extension.

Description

Constructed as a modern framed building arranged on ground and first floors, providing open-plan retail space, the property features a party wall creating two separate units with their own freehold titles while retaining the possibility to reinstate a large single unit. Each unit has a sizeable rear yard, with rights of access to and use of the Swan Walk loading/delivery area immediately behind. The two freeholds each have the benefit of two car bays in the Swan Walk complex, which are included in the current leases.

Location

Horsham is a highly affluent and well-connected South East market town, benefiting from strong links to London, Gatwick and the south coast. The County Council and District Council are in the process of drawing up the Horsham Growth Deal to support new homes, jobs, the commercial sector and transport links. A stated priority is to promote and sustain Horsham Town Centre, which has West Street at its heart. See the link: Horsham Growth Deal Piries Place has recently delivered a £35m mixed-use scheme in the town centre including a cinema, hotel, restaurants, offices and retail units. Significant residential growth, including the North Horsham (Northern Arc) scheme (c.2,750 homes), reinforces Horsham’s position as a key regional retail centre.