16 / 16a West Street
Horsham
RH12 1PB

Prime Freehold Retail Investment

  • Prime trading location directly opposite Swan Walk Shopping Centre
  • Let to Next Plc who have occupied the shop for over 30 years
  • Well configured shop comprising 5,269 sq ft, with sales accommodation on both ground and first floors and servicing from the rear
  • Nearby retailers include Caffè Nero, Pret a Manger, Costa, Joules, Jigsaw and Clarks Shoes
  • Attractive and affluent retailing centre
  • Lot
    24
  • Auction
    28/Mar/2018
  • Rent
    £121,000 per Annum Exclusive
  • Status
    Sold Post
  • Price*
     
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • 16 / 16a West Street<br>Horsham<br>RH12 1PB
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Property Information

Location
Miles
20 miles south-east of Guildford, 21 miles north-west of Brighton
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 Horsham town centre, in a prime pedestrianised position on the southern side of West Street, opposite the main entrance to Swan Walk Shopping Centre, housing retailers including Marks & Spencer, Boots the Chemist, WHSmith, Pandora and Fat Face. Other nearby occupiers include Caffè Nero, Pret a Manger, Costa, Joules and Jigsaw.

Tenure

Freehold.

Description

The property comprises a well configured ground floor shop with further retail and ancillary accommodation on the first floor. The property benefits from loading to the rear.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

Tenancy & Accomodation

FloorUseFloor Areas (Approx)TenantTermRent p.a.x
Ground
Part First
Part First
Retail/Ancillary
Retail
Ancillary
267.29 sq m
125.80 sq m
96.40 sq m
(2,877 sq ft)
(1,354 sq ft)
(1,038 sq ft)
NEXT PLC (1)25 years from 01/06/1987
(Holding Over) on a full
repairing and insuring lease
£121,000
Total
489.49 sq m
(5,269 sq ft)
  £121,000

(1) For the year ending 28th January 2017, Next Plc reported a turnover of £4,097,300,000, pre-tax profits of £790,200,000 and a total net worth of £467,200,000 (Source: Experian Group 27/02/2018).

Property Documents

  • Catalogue Page
    Updated Date
    06.03.18
    File Size
    2 MB
    View PDF
  • Site Plan
    Updated Date
    06.03.18
    File Size
    3 MB
    View PDF
  • Common Auction conditions
    Updated Date
    27.03.17
    File Size
    124 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
David MargolisDavid Margolis +44 (0)20 7034 4862 +44 (0)7930 484 440david.margolis@acuitus.co.uk
George WatkinsGeorge Watkins +44 (0)20 7034 4861george.watkins@acuitus.co.uk
Seller's Solicitors
Todmans SRE Barringtons, Hockley Road
Rayleigh
Essex
SS6 8EH
William Todman 01268 774 073wt@todmans.co.uk

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