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.
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 currently trades 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.
Ground Floor Sales Area 328 sq ft (irregular shape)
Basement/WC/Storage 105 sq ft
Total Area 433 sq ft
The property is for sale on the remainder of a 999 year lease (virtual freehold) on the basis of vacant possession.
The premises have a 25% share of the buildings maintenance and insurance premium. Last years insurance cost was £182.
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.
There will be a restrictive covenant not to use the property as a jewellers and jewellery maker for a period of 5 years following the property sale. Unless separately agreed with the vendor.
Asking Price £175,000 Freehold
Each party to pay their own legal costs unless otherwise agreed.
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.