Basic Facts
Property ID:
15317
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Brochure Link:
Download Brochure
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Post Updated:
2023-04-11 10:27:47
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Status:
Sold
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Type:
Residential
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Tenure:
Freehold
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Lease Term:
Min. 981 years
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Lease Term Expiry Date:
13/04/23
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Years left on Lease:
-1
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VAT applicable:
No
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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.