Veterinary Practice, Horsham

unit 2 & 3 Wickhurst Green Local Centre, Broadbridge Heath, Horsham, RH12 3LN

Basic Facts

Property ID: 14207	Post Updated: 2021-09-21 14:50:39
Status: Acquired	Type: Medical
Tenure: Virtual Freehold	Area: 1791 sq ft
Gross Rent: £ 32,904	Lease Term: 15 yrs from Sept '19
Lease Term Expiry Date: 29/09/34	Years left on Lease: 10.4
VAT applicable: Yes (TOGC Available)

Virtual Freehold Medical Investment.
Ground floor unit of 1,791 sq ft.
26 car parking spaces in the forecourt shared by the tenants within the commercial parade & there are additional demised spaces to the rear of the premises.

The Neighbourhood Centre forms part of a Section 106 agreement from the consent granted for the 963 residential units on the 138 acre site.
Wickhurst Green is Countrywide’s new development village to the south of Broadbridge Heath.
It is situated approximately 30 miles West of London and 2 miles to the West of the affluent historical town of Horsham.

Unit 2 & 3 Let to Christopher Dawson and Martin Bennett t/a Harvest Veterinary Clinic from 29th September 2019 with passing rent of £32,904 p.a.
5 yearly RPI reviews (1% Collar 4% Cap).
As the tenant is an independent dental practice a six month rental deposit is held as additional security. The Tenant are entitled to this back early if they can show three years accounts (starting from completion of the lease) at more than 3 times the rent. Otherwise it’ll be returned on assignment or at the end of the lease.