West Sussex

£155,000

  • Ground Floor Retail Shop, 985 year Lease remaining
  • Character Period Building
  • with Basement Storage & Staff Facilities
  • 18th Century Grade II Listed
  • Prominent High Street Location
  • Original Features, log fire & exposed wooden beams
  • Basement has useful storage/workshop
  • Well Maintained
  • Recently Re-wired
  • Early Interest Recommeded
DESCRIPTION Location
The property is located in the affluent area of Storrington which is at the foot of the South Downs being approximately 10 miles north of Worthing and approximately 13 miles south of its district town of Horsham. The property is located on the corner of a busy junction of West Street and Church Street. Nearby occupiers includ McColls, Boots Pharmacy, HSBC and Waitrose Supermarket.

Description
** 985 remaining ** Character period building comprising of ground floor RETAIL SHOP with basement storage and staff facilities. The property is 18th century GRADE II LISTED and has been well maintained and was formerly an independent jewellers. The property is located on a prominent junction just on the High Street being Storrington's principle commercial thoroughfare. The property retains many original features to include OPEN LOG FIRE and exposed wooden beams. We understand it has been re-wired and there is a security alarm system. The basement area provides WC and sink area as well as useful space for storage/workshop. For sale freehold or to rent on a lease of £8,000 per annum - terms to be agreed shorter or long term lease agreeable.

Accommodation
Ground Floor Sales Area 328 sq ft (irregular shape)
Basement/WC/Storage 105 sq ft
Total Area 433 sq ft

Price: £155,000 or lease at £8,000 per annum - terms to be agreed on a FRI lease.

Tenure
The property is for sale on the remainder of a 999 year lease (985 years remaining) (virtual freehold) on the basis of vacant possession or by FRI lease - terms to be agreed.

Building Maintenance
The premises have a 25% share of the buildings maintenance and insurance premium. Last years insurance cost was £182.

Business Rates
The property has a rateable value of £7500 and therefore we understand the property has 100% small business rates relief and that zero rates are payable. However, interested parties are advised to contact the local rates office.

Price
Asking Price £159,950 Freehold

Legal Fees
Each party to pay their own legal costs unless otherwise agreed.

Viewing
Strictly by appointment.

VAT: Under the Finance Act 1989 VAT may be chargeable on the sales and rentals of commercial property. Applicants are advised to make their own enquiries to establish whether or not VAT is chargeable prior to entering into an agreement.