Cotswold Outdoor, Horsham

Property Description

• Freehold, blue-chip retail investment.
• The property is of brick build construction under a flat roof and is arranged on ground, basement and first floors.
• The property comprises a large, well configured floor plate at ground floor utilized as sales accommodation.
• The first floor is utilized predominantly for sales but also part for ancillary; and benefits from wide sales staircase from the front of the store.
• The basement has independent access and is being used for storage.
• The site extends a total of 6,931 sq ft.

Location Description

• Horsham is an affluent and picturesque market town in West Sussex. The town is strategically located 40 miles south of London, 23 miles north of Brighton and 9 miles west of Crawley.
• Horsham has excellent road communications; the A264 provides easy access to Junction 11 of the M23 Motorway 8 miles to the east, whilst junction 7 of the M25 motorway is 22 miles to the north.
• Horsham benefits from first class rail links with regular rail services to London Victoria.
• The property is located in a prime and busy trading location on the pedestrianized  West Street close to one of the main entrances to the Swan Walk Shopping Centre.
• Adjacent occupiers include Hamptons International and Whibleys Jewellers whilst Waterstones, Edinburgh Woollen Mill, Clarks and Costa are all in close proximity.

Additional Notes

• The lease has an upward only rent review on 25th March 2020 to the open market rental value, collared at £128,000 and capped at £139,112 p.a.