Horsham is an affluent West Sussex market town (one of the largest in West Sussex) having a population of approximately 47,000 with a catchment area of approximately 250,000 inhabitants. Major employers in the town include Royal Sun Alliance, RSPCA, West Sussex County Council, Heath Lambert and Saxon Weald Homes. The town benefits from good road links, lying between the A24 to the west and A23 (M23) to the east.
The subject property is situated in Horsham town centre on the northern side of East Street, now considered to be the town’s principal restaurant quarter. Nearby occupiers include Giggling Squid, Nando's, Pizza Express, Wagamamas, Cote Brasserie, and Wabi. The prime shopping areas of Piries Place (under redevelopment), Carfax, West Street and Swan Walk Shopping Centre are all within a 2 minute walking distance from the property.
- Excellent town centre location
- Potential for extension for residential flats (STP)
- Available freehold with vacant possession
- Potential for A3 (Restaurant) use (STP)
A prominent two storey building with excellent retail frontage to East Street. Originally constructed as a single shop, the property is currently divided into two retail units with potential for change of use, re-configuration (including reverting back to a single unit) and extension (STP).
2967 sq ft
A prominent two storey building with excellent retail frontage to East Street. Originally constructed as a single shop, the property is currently divided into No's 3 & 3a with the latter forming the smaller portion of the property. No. 3 currently serves as a retail furniture showroom. No. 3a is currently vacant. Please Note: La Source are not closing but relocating within West Sussex.
The property provides the following approximate net internal floor area:
3 East Street
Retail Sales: 1,011 sq ft (93.9 m2)
Office/kitchen: 133 sq ft (12.4 m2)
Lean to store: 266 sq ft (24.7 m2)
Retail sales: 933 sq ft (86.7 m2)
Storage: 108 sq ft (10.0 m2)
Total: 2,451 sq ft (227.7 m2)
3A East Street
Retail Sales: 300 sq ft (27.87 m2)
Storage/office: 216 sq ft (20.0 m2)
Total: 516 sq ft (47.87 m2)
PIRIES PLACE RE-DEVELOPMENT
Construction works to re-develop Piries Place have commenced with completion scheduled for late 2018/early 2019. The £35m scheme will include a three screen cinema, 92 bed hotel, offices, shops and restaurant.
POTENTIAL ROOF DEVELOPMENT
Subject to obtaining planning permission, we believe there is potential to add a further floor and create 2 residential flats.
Freehold interest with vacant possession. Alternatively, available on a new full repairing and insuring lease on terms to be agreed. Further information on application.
(One Million and Fifty Thousand Pounds)
Rent on application.
The existing Use Class of the property falls within A1 Shops of the Town and Country Planning (Use Classes) Order 1987 (as amended). Under the current planning law, a permitted change of use to A2 (Financial & Professional Services) and A3 (Restaurants/Cafes) is allowed. A change of use to A3 is subject to prior approval with Horsham District Council. Horsham District Council have granted A3 consent on a number of properties in East Street and it is our view that subject to meeting the usual criteria in respect to extraction, waste storage and licensing, a change of use to A3 would be possible.
Rating F-136 - Click here to download
For Sale: £1,050,000
Ratable Value £37,000
Rates Payable £17,760 (2018/19)
Ratable Value £12,250
Rates Payable £5,880 (2018/19)
Interested parties should verify these figures with Horsham District Council Rates Department on 01403 215100 or www.horsham.gov.uk.
VAT will be chargeable
Each party to bear their own legal costs.
Inspections can be made by appointment through Joint Agents Graves Jenkins 01293 401040 and Henry Adams 01403 282519