48 West Street Horsham West Sussex RH12 1PP

48 West Street
Horsham
West Sussex
RH12 1PP

Prime Freehold and Virtual Freehold Retail Investment

Let to Joules Limited until 2025 (subject to option)
Affluent commuter town
Adjacent to Swan Walk Shopping Centre
Nearby occupiers include Marks & Spencer, Boots the Chemist, BHS, Superdrug, Body Shop, Pandora, New Look, Next, Caffè Nero, Pret a Manger, Costa and Vodafone
For the Seller's Legal Pack, please click the Property Documents tab below
For a Buyer's Legal Report please click <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>

Lot
3
Auction
11th February 2016
Rent
£52,500 per Annum Exclusive
Status
Sold
Price
£925,000
Auction Venue
Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG
On behalf of Insolvency Practitioners Deloitte

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Prime Freehold and Virtual Freehold Retail Investment

Let to Joules Limited until 2025 (subject to option)
Affluent commuter town
Adjacent to Swan Walk Shopping Centre
Nearby occupiers include Marks & Spencer, Boots the Chemist, BHS, Superdrug, Body Shop, Pandora, New Look, Next, Caffè Nero, Pret a Manger, Costa and Vodafone
For the Seller's Legal Pack, please click the Property Documents tab below
For a Buyer's Legal Report please click <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>

Lot 3
Auction 11th February 2016
Rent £52,500 per Annum Exclusive
Status Sold
Price £925,000
Sector
High Street Retail
Auction Venue
Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG
On behalf of Insolvency Practitioners Deloitte

Property Information

Location

Miles: 20 miles south-east of Guildford, 21 miles north-west of Brighton, 50 miles south of London
Roads: A23, A24, A264, M23 (Junction 11)
Rail: Horsham Rail Station
Air: London Gatwick Airport

Situation

Horsham is an affluent market town popular with London and Brighton commuters. The property is situated in the heart of the town centre in a prime pedestrianised position on the north side of West Street, adjacent to the entrance of Swan Walk Shopping Centre housing retailers including Marks & Spencer, Boots the Chemist, BHS, Superdrug, Body Shop, Pandora and New Look. Other nearby occupiers include Next, Caffè Nero, Pret a Manger, Costa and Vodafone.

Tenure

Freehold. and Virtual Freehold. Held for a term of 999 years from 21st March 2003 at a peppercorn rent.

Location

Miles: 20 miles south-east of Guildford, 21 miles north-west of Brighton, 50 miles south of London
Roads: A23, A24, A264, M23 (Junction 11)
Rail: Horsham Rail Station
Air: London Gatwick Airport

Situation

Tenure

Freehold. and Virtual Freehold. Held for a term of 999 years from 21st March 2003 at a peppercorn rent.

Description

The property comprises ground floor retail accommodation with ancillary accommodation on the first floor.

Six week completion

Note
This property is being marketed for sale on behalf of Insolvency Practitioners and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Insolvency Practitioners are acting without personal liability.

Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Reviews
Ground First (1 car parking space)	Retail/Ancillary Ancillary	128.50 sq m 99.60 sq m	(1,383 sq ft) (1,072 sq ft)	JOULES LIMITED (1)	10 years from 24/08/2015 until 23/08/2025 on a full repairing and insuring lease (2)	£52,500	24/08/2020
Totals		228.10 sq m	(2,455 sq ft)			£52,500

(1) Joules was founded in 1989 by Tom Joule and has fast become one of Britain’s best loved lifestyle brands and now trades from over 90 stores throughout the UK. For the year ending 31/05/2015, Joules Limited reported a turnover of £117,070,000, pre-tax profits of £4,998,000 and a total net worth of £19,501,000. (Source: Experian Group 04/01/2016).
(2) The lease provides for a tenant option to determine on 23rd August 2020 on six months’ prior notice.