Connells Estate Agents, High Street, Horley, Surrey
Size
891
Tenure
Freehold
EPC
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Parking
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- Primary use
- Traditional office
- Capacity
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- Desks
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No floor / site plan
Building amenities
Additional costs may apply for some services – please check the full property description for more details.
- Parking
Key features
- Opportunity to purchase a freehold let investment within Horley town suitable for a variety of uses in the future within the existing and flexible ‘E’ use class for sale due to asset succession plan
- Premises is subject to a 5 year lease from 22.3.23 at a passing rent of £15,000 pax to Connells Residential
- Parking to the rear for up to 5 cars
Description
We are instructed to sell the freehold interest in the semi-detached ground and first floor fully let ‘E’ use class investment at 30 High Street, Horley. The premises are situated in the centre of Horley, being just a 5 minute walk from Horley Station, close to Gatwick Airport and with road links to the M23 and M25. The premises are currently in use as an estate agent’s office but could suit a number of uses and offers significant opportunities upon expiry of the lease including reverting the use of the 1st floor to residential and a range of uses within class E for the ground floor after the current lease expires.
The premises has the benefit of plenty of footfall and passing traffic in its High Street location with the town centre car park directly behind but also, its own off-street parking for 4/5 cars.
Approx. dimensions as follows: -
Retail area Approx. 323 sq ft (30.04m2)
Ancillary areas Approx. 166 sq ft (15.47m2)
First Floor office Approx.402 sq ft (37.40 m2)
Net Internal Area Approx. 891 sq ft (82.91m2)
GUIDE PRICE
£215,000 per annum exclusive for the freehold. Our guide price is calculated on a 7% yield with no purchaser’s costs deducted due to the relatively low guide price.
TENURE
The freehold is being sold subject to the five-year lease granted to Connells Residential from 22.3.23 at the passing rent of £15,000 pax. The lease is inside the LTA 1954 security provisions with no lease break provision and on full repairing and insuring terms. Connells have been in occupation for over 40 years, prior to the current lease commencing and in the year to Dec ’24 the group turned over £1.1billion.
VAT
We believe that the premises are not elected for VAT All rents, prices and premiums are stated exclusive of VAT under the Finance Act 1989. Accordingly, interested parties are advised to consult their professional advisers as to their liabilities, if any, in this direction.
RATES
We understand from an online search that the premises has a rateable value of £10,500 with the Tenant liable for business rates.
LEGAL COSTS
Each party to be responsible for their own legal costs in the transaction.
EPC
The premises have an EPC rating of B (49).
VIEWING
Strictly by prior appointment only through sole agents:
ROBINSONS - Sole Agents
- Service charge
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- Business rates
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- Use class
- E
- Listed building
- No
An Energy Performance certificate helps you understand the current energy efficiency of a property.
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- BREEAM rating
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- Environmental description
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Brochure
Connells Estate Agents, High Street, Horley, Surrey
About Steve Lane, Commercial, Reigate
Commercial Services
The Commercial Agency Department operates through both offices and is one of the leading commercial agency practices in East Surrey. Whilst our primary catchment area is East Surrey our activities and services stretch much further afield including London, Sussex and throughout the South East of England.
We specialize in the sale, letting, acquisition and disposal of Commercial Property including offices, serviced offices, retail, restaurants, industrial/warehouse, investment and development opportunities. Transactions include freehold sales, new lettings, sub-lettings, lease assignments or surrenders as appropriate.
Robinsons offers a proactive professional approach to Clients, whether Vendor, Landlord, Purchaser or Tenant. Our commercial property team work with property owners, developers investors, local authorities and pension funds across the territory. We have extensive knowledge, experience and expertise to achieve the best outcome for our Clients and in addition we have an established network of trustworthy specialists to provide additional support if required.
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Disclaimer - Property reference 30highhorley. 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 Steve Lane, Commercial, Reigate. 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.