Cotswold Outdoor, Horsham

 

62 West Street, Horsham, RH12 1PL

Offers in excess of
£2,000,000
Available
Type - Commercial
Tenant type - Retail – other
  • Tenure: Freehold
  • Gross Rent: £120,000
  • Gross Yield: 6.0%
  • Lease Term: 10 years from 25 March '15
  • VAT applicable?: Y

Property Description

  • Freehold, blue-chip retail investment.
  • The property is of brick build construction under a flat roof and is arranged on ground, basement and first floors.
  • The property comprises a large, well configured floor plate at ground floor utilized as sales accommodation.
  • The first floor is utilized predominantly for sales but also part for ancillary; and benefits from wide sales staircase from the front of the store.
  • The basement has independent access and is being used for storage.
  • The site extends a total of 6,931 sq ft.

Location Description

  • Horsham is an affluent and picturesque market town in West Sussex. The town is strategically located 40 miles south of London, 23 miles north of Brighton and 9 miles west of Crawley.
  • Horsham has excellent road communications; the A264 provides easy access to Junction 11 of the M23 Motorway 8 miles to the east, whilst junction 7 of the M25 motorway is 22 miles to the north.
  • Horsham benefits from first class rail links with regular rail services to London Victoria.
  • The property is located in a prime and busy trading location on the pedestrianized  West Street close to one of the main entrances to the Swan Walk Shopping Centre.
  • Adjacent occupiers include Hamptons International and Whibleys Jewellers whilst Waterstones, Edinburgh Woollen Mill, Clarks and Costa are all in close proximity.

Additional Notes

  • The lease has an upward only rent review on 25th March 2020 to the open market rental value, collared at £128,000 and capped at £139,112 p.a.

Tenancy & Accommodation Schedule

Tenancy & Accommodation Schedule

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