Hurst Court Sale
Thursday, May 2, 2019 By James Haywood
Graves Jenkins have sold the residential investment property at Hurst Court in Horsham after a concentrated marketing campaign, competitive bidding and a rapid exchange and completion of contracts.
Hurst Court was built in 2007 and all 22 apartments are managed and leased on shorthold tenancies producing an income slightly in excess of £283,000 per year. It is very well located in the town centre, close to the station, Carfax shopping centre and Horsham Park.
Tom Sleven, who handled the sale commented, “there still seems to be a thirst for well let and managed residential investments, especially in favoured locations. Horsham is a vibrant town and the opportunity proved to be popular with investors.”
GJ acted for a private Company and sold to a Family Investment Company seeking to expand their mix of commercial and residential portfolio. Sold for an undisclosed sum close to the asking price of £6 million.
For any further residential investment, to buy or sell, contact Tom at 01273 601060 or [email protected]