36-38 High Street, Storrington,
Pulborough, West Sussex, RH20 4DU
Under Offer
Investment, Residential, Retail
Offers in excess of £350,000
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The ground floor provides excellent open plan retail accommodation for a clothing retailer benefiting from superb triple aspect window frontage, carpeted flooring, electric heating, spot lighting, CCTV (not tested) and ample electrical and data sockets. At the rear of the shop is a small storage area and WC.
The first floor residential flat is accessed via separate entrance with stairs leading to a well presented one bedroom flat. Comprising of kitchen, lounge, bedroom and bathroom and benefits from carpeted flooring, gas central heating and double glazed windows.
Externally there is off road parking to the side of the property for 2 vehicles.
The ground floor property is let to a private individual on an FR&I Lease dated 4th February 2025 for a term of 2 years. The Lease contains a rolling break clause with 6 months prior written notice. The passing rent is £13,500 Per Annum exclusive. A copy of the Lease is available to serious applicants upon request.
The first floor is let on an Assured Shorthold Tenancy to a private individual at a passing rent of £11,275 Per Annum.
The total current income from the property is £24,275 Per Annum exclusive.
VAT is not to be charged on the quoting terms
The first floor residential flat has a Council Tax band of A
Residential: C(72)
Mixed Use Freehold Investment Opportunity in Thriving West Sussex Village For Sale
Location
The premises are located in a prominent corner position within the High Street in the village of Storrington in West Sussex. The area provides an excellent mix of occupiers including Costa Coffee, Lloyds Pharmacy, Waitrose & Partners, One-Stop Convenience Store & a host of independent retailers and office occupiers. Storrington itself is a large village at the foot of the South Downs being approximately 10 miles to the north of the popular seaside town of Worthing and approximately 13 miles south of the district town of Horsham. The nearest railway station is located at Pulborough approx. 5 miles to the north where services to London (journey time of 1 hour and 10 minutes) and other towns can be located.
Description
The premises comprise of a two storey brick building under a tile hung pitched roof with rear parking for 2 vehicles.The ground floor provides excellent open plan retail accommodation for a clothing retailer benefiting from superb triple aspect window frontage, carpeted flooring, electric heating, spot lighting, CCTV (not tested) and ample electrical and data sockets. At the rear of the shop is a small storage area and WC.
The first floor residential flat is accessed via separate entrance with stairs leading to a well presented one bedroom flat. Comprising of kitchen, lounge, bedroom and bathroom and benefits from carpeted flooring, gas central heating and double glazed windows.
Externally there is off road parking to the side of the property for 2 vehicles.
Accommodation
The property has the following approximate floor areas:| Ground Floor (Commercial) | |
| Main Retail Area | 316 Sq Ft |
| Storage Area | 176 Sq Ft |
| First Floor (Residential) | |
| Residential Flat | 385 Sq Ft |
| TOTAL AREA | 877 Sq Ft |
Terms & Tenancies
The property is available freehold subject to the below mentioned tenancies.The ground floor property is let to a private individual on an FR&I Lease dated 4th February 2025 for a term of 2 years. The Lease contains a rolling break clause with 6 months prior written notice. The passing rent is £13,500 Per Annum exclusive. A copy of the Lease is available to serious applicants upon request.
The first floor is let on an Assured Shorthold Tenancy to a private individual at a passing rent of £11,275 Per Annum.
The total current income from the property is £24,275 Per Annum exclusive.
Guide Price & VAT
Offers in Excess of £350,000 (Three Hundred & Fifty Thousand Pounds)VAT is not to be charged on the quoting terms
Business Rates & Council Tax
According to the VOA (Valuation Office Agency) the ground floor has a rateable value of £9,500. Accordingly the property benefits from small business rates relief and therefore interested parties are advised to contact Horsham District Council on 01403 215555.The first floor residential flat has a Council Tax band of A
Legal Fees
Each party to pay their own legal costsEPC
Commercial: E(110)Residential: C(72)
Anti-Money Laundering
In accordance with anti-money laundering requirements, two forms of identification will be required from the purchaser or tenant and any beneficial owner together with evidence/proof identifying the source of funds being relied upon to complete the transactionSummary
- Situated in Prominent Location in Popular West Sussex Village
- Nearby Occupiers Include Costa Coffee, Waitrose & Partners, One-Stop Convenience Store & Host of Independent Retailers & Office Occupiers
- Currently Producing £24,775 Per Annum
- Excellent Asset Management Opportunity
- Viewing Highly Recommended
