Ground Rent, Horsham

Property Description

This property is for sale in online auction on Thursday 30th March 2023. View the catalogue entry here.

• Freehold Ground Rent Investment
• Commercial unit size is 1,572 sq ft
• Secured upon a purpose built block
• Arranged to provide a ground floor retail unit together with three self contained flats
• The Leaseholders have not elected to take up their rights of pre-emption
• The Freeholder manages and insures the building

Location Description

• The property is situated on Queen Street, to the east of its junction with Denne Parade
• Extensive shop and restaurants are available in Horsham town centre approx. 0.1 miles to the North-West
• Horsham rail station (Southern and Thameslink services) is approx. 0.5 miles to the North
• The A281 provides access to the A24 and A264
• The open spaces of Bennett’s Field ae approx. 0.4 miles to the East

Tenancy & Additional Notes

• Flat 24-28: Ground Floor – Subject to a lease for a term of term of 999 years from 7th September 2022 (998 years unexpired) – Peppercorn
• Flat 2a: Second Floor – Subject to a lease for a term of term of 999 years from 30th June 2022 (981 years unexpired) – £150 p.a.
• Flat 2b: First Floor – Subject to a lease for a term of term of 999 years from 30th June 2022 (981 years unexpired) – £150 p.a.
• Flat 3: First & Second Floor – Subject to a lease for a term of term of 999 years from 30th June 2022 (981 years unexpired)-  £150 p.a.
• Total rental income is £450 p.a.