£17.000.000
Confirmation
Shopping centre in Horsham
Property Details
Broker
Under offer
304,025 sq.ft.
28,245 m²Leasable area
55 £/sq.ft.
601 £/m²10.25 %
Leasehold
150
Fees
Investment Overview
Horsham is a desirable Sussex town. Regular trains operate to London Victoria (55 minutes) and Gatwick Airport (19 minutes) and the M23 motorway is just 10 minutes from Horsham town centre making the town popular with commuters. Property comprises 304,025 sq ft of modern, well-configured retail floorspace along with a self-contained 25,715 sq ft office building. The property benefits from a gross income of £3,340,497 per annum and a net income of £1,907,378 per annum after the deductions of landlord shortfalls and head rent. 900-space multi- storey car park is the principal car parking provision within Horsham. There are a number of immediate initiatives to add value to the investment.
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