LEASEHOLD INTEREST

The subject demise comprises an end terraced, three storey building, arranged with banking hall and ancillary on the ground floor, and further ancillary and staff facilities on the lower ground floor. The first floor is made up of office space, and the property also benefits from having 17 parking spaces at the rear. Tenure The property is held on an existing FRI lease due to expire 26/04/2026 at a passing rent of £32,100 per annum exclusive, with a break option scheduled for 26/04/2021 and a rent review scheduled 01/01/2020. The lease is held inside the security of tenure provisions of the Landlord and Tenant Act 1954. Rates We are verbally informed by the Local Rating Authority that the current Rateable Value of the shop is £29,500.00 and the rates payable are £13,747.00 pa. The UBR for 2017/2018 is 46.60p. Interested parties are advised to make their own enquiries with the Local Authority for verification purposes
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Location Description

Billingshurst, a town in the Horsham district of West Sussex, is located approximately 45 miles south west of London and 26 miles north of Brighton. The property is situated on the High Street, which forms the main shopping area of Billingshurst. The surrounding properties are a mixture of commercial and residential, with both local and national retailers nearby.

Sizes and Measurements

Total Size

3,408sqft

Sales Area

1,719sqft

Floors Available

Ground Floor

Details

Retail Ground Floor

Size

1,719sqft

Status

Available

Available from

Now

First Floor

Details

Non-Sales

Size

996sqft

Status

Available

Available from

Immediately

Lower Ground Floor

Details

Non-Sales

Size

693sqft

Status

Available

Available from

Immediately

Lease Information & Charges

Rent Review Cycle

5

Next Lease Break

26/04/2021

Lease type

Assignment

For rent

£32,100/pa

UBR

46.6p

Ratable Value

£29,500.00

Business Rates

£13,747/pa

Specification

  • Former Banking premises
  • Consent for various uses
  • Flexible lease terms available

Floorplan

BILLINGHURST 84 HIGH STREET RH14 9QT _002_

Photos

BILLINGSHURST-84 HIGH STREET

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