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Shopping centre in Horsham

Horsham, United KingdomUnlock address

85%

£17.000.000

Retail

#34039

Core+

29 Sep 2024

Property Details

Broker

Under offer

304,025 sq.ft.

28,245 m²

Leasable area

55 £/sq.ft.

601 £/m²

10.25 %

Leasehold

150

X

Fees

0.00 %

0.40 %

0.00 %

0.40 %

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.