West Street, Midhurst, West Sussex, GU29
Size
963
Tenure
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EPC
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Parking
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- Primary use
- High street retail
- Frontage
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Key features
- Prominent lock up Shop within historic market town
- Commercial Investment For Sale
- Contractual Term to and including 28 February 2030
- Ideal opportunity to purchase a commercial property through a SIPP
- Existing occupying business unaffected
Description
The property for sale comprises the ground floor shop only. The share of the freehold is available, subject to the existing sub lease dated 20th December 2024, at a price of £195,000. This price reflects a NIY of 7.28 % after usual purchasers costs of 1.5%.
This property provides an ideal opportunity to purchase a commercial property through a SIPP and the associated tax efficiencies. Interested parties should seek their own independent financial advice in this regard.
Further details available upon request. Each party to bear their own legal fees.
Sub Lease Information
The property is occupied and sub-leased by a private individual trading as Marmadukes Antiques Emporium. * This business is unaffected by this sale.
The sub lease is summarised below-
Lease Dated 20th December 2024, commenced 1st March 2025
Annual Rent- at a rate of £1,200 per month. £14,400 per annum
Break Date- 1st March 2028- either the Landlord or the Tenant may terminate this Lease by serving a Break Notice on the other party at least 6 months before the Break Date.
Contractual Term- term of 5 years from and including 1st March 2025 to and including 28 February 2030.
Sub lease is excluded from the Landlord and Teant Act 1954.
VAT
Rents and prices are quoted exclusive of, but may be subject to VAT.
EPC
Rating B (44), copy available upon request.
Business Rates
Current rateable value (1 April 2023 to present) £10,250.
Viewings
Strictly via sole agents
Jonathan Manhire MRICS
- Service charge
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- Business rates
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- Use class
- E
- Listed building
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- Floors in building
- 1
An Energy Performance certificate helps you understand the current energy efficiency of a property.
Read more about EPC requirements- BREEAM rating
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- Environmental description
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Brochure
About Manhire LLP, West Sussex
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Disclaimer - Property reference JMWestSreet. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Manhire LLP, West Sussex. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.