Rare opportunity to purchase an established commercial property in the heart of Horley.
Prominent town centre location.
Easy access to the A25 and A217 as well as Junction 9 of the M23.
Comprises a total site area of 0.39 acres (17,031 sq. ft)
Let by way of a 15-year Lease, subject 5 yearly rent reviews to OMRV.
Current annual income £75,000 pax
Location
Horley is located around 25 miles south of central London, 5 miles north of Crawley and 7 miles south of Redhill, while Reigate is 6 miles to the northwest.
Horley Station provides direct routes to London Victoria and London Bridge in approximately 30-40 minutes. The town is also well connected by road with easy access to Junction 9 of the M23 that connects the M25 to the north and Brighton to the south.
Horley has a small but well-equipped town centre with a variety of shops, cafes, supermarkets, restaurants, and pubs. It includes major retailers alongside independent shops.
The property is located along the Balcombe Road to the east of the town centre, in an established industrial location adjacent to The Bridge Indutrial estate and The Gatwick Metro Centre.
Accommodation
The entire site is entirely laid to concrete and is arranged as a self-storage facility, providing drive-up container units of various sizes for personal and business storage.
The facility features secure access (pin code entry), 24/7 and monitored CCTV.
The site has the following approximate area.
0.39 acres (17,031 sq. ft)
Terms
The entire property is currently held freehold under
Title No’s
SY155751
SY703162
SY76179
SY387394
Occupational Leases
The property is subject to the following occupational Lease.
Let to LOCKD SELF STORAGE LTD at a rent of £75,000 for a term of 15 years from 17th September 2024, subject to 5 yearly upward only rent reviews.
The Lease is contracted outside S24-28 of Part II of The Landlord and Tenant Act 1954 and is subject to a Tenant’s only option to break on 16th September 2034 on six months’ notice.