- Horsham is an attractive and affluent retailing town in West Sussex.
- Prime pedestrianised pitch adjoining the Swan Walk shopping centre.
- Between car parks of c.900 spaces and c.470 spaces.
- Let on FRI leases to Card Factory and Trespass.
- Total income of £115,333 per annum.
Net initial yield of 7%
Not elected for VAT, no VAT on the sale.
( Agency Pilot Software ref: 23875 )
Location
Horsham is an attractive West Sussex town lying approximately 38 miles south of central London, 7.5 miles south west of Crawley and 14 miles south west of Gatwick airport. The town enjoys a very affluent cash rich population with professional service firms and related industries drawn from a skilled labour force providing Horsham with an above average proportion of working age adults in managerial and professional occupations. The retailing opportunities in Horsham are based on the historic and pedestrianised West Street which supports the Swan Walk shopping centre which in itself provides over 250,000 sq ft of retail space including M&S and Boots. The shopping centre provides car parking for c.900 cars, and there are a further c.470 spaces at Blackhorse Way with a pedestrian link to West Street. The property sits midway between two entrances to the Swan Walk centre and neighbouring occupiers include Tesco, Costa Coffee, Jones Bootmaker, Caffè Nero, Vision Express and O2. Trespass have joined Cotswold Outdoor, Millets and Mountain Warehouse in this vibrant comparison shopping location.
Accommodation
45/45A West Street Ground Floor 179.85 sq m (1,936sq ft )
First Floor 157.37sq m ( 1,694 sq ft )
Total 337.22 sq m (3,630sq ft )
47 West Street Ground Floor 166.38 sq m (1,791sq ft )
First Floor 142.69sq m ( 1,536sq ft )
Total 309.07sq m( 3,327 sq ft )
GRAND TOTAL 646.29 sq m (6,957sq ft )
Terms
VAT Not elected for VAT, no VAT on the sale.
LEGAL COSTS Each party is to be responsible for their own legal fees
EPC 45/45A West Street – E 119 47 West Street – E 104