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    Key features

    • To be offered on Tuesday 21 October
    • Multi-let mixed use investment
    • Ground Floor retail and office, with residential upper parts and single storey office to the rear totalling 1,835 sq ft (170 sqm)
    • Vacant triple garage via separate access to the rear
    • Asset management through the letting of the vacant triple garages
    • Located directly opposite Tesco Express
    • Freehold
    • VAT free investment
    • Investment Let at £28,304 p.a. (9.28% GIY on Guide Price)

    Description

    The property comprises a high yielding multi-let, mixed use investment opportunity located in the market town of Horsham, with

    a number of longstanding, repeat tenants and benefitting from asset management potential via letting of a vacant triple garage.

    Arranged as a ground floor retail and office unit , with a one bedroom flat to the first floor, and single storey office and open plan triple garage to the rear currently vacant offering asset management potential via letting.

    The investment currently produces an income of £28,304 pa demonstrating a GIY of 9.28% on the guide price.

    The property is located at the end of St Leonards Road at the junction with Brighton Road - approximately one mile from the town centre, and benefits from being directly Tesco Express.

    Please refer to the tenancy schedule below for more information.

    The adjacent 2 bedroom house is also being offered in the 21st October Auction . Please follow the below link. Lot 102A

    https://auctions.savills.co.uk/index.php?option=com_bidding&view=commission&layout=details&preview=1&id=18713

    Additional information

    Tenure

    Freehold

    Tenancy

    Please refer to tenancy schedule below

    Rent

    £28,304

    Notes

    Please note the areas provided are approximate. The photos and any drawings are for illustrative purposes only and may not reflect the exact boundary of the property. The property has not been internally inspected by Savills. Prospective purchasers must rely upon their own enquiries in this regard.


    Please refer to the legal pack.Additional charges and fees might be charged by the seller and/or other third parties. You are strongly advised to read the Special Conditions of Sale for the Lot prior to bidding to check for any additional charges and fees.

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      All viewings at this property have now taken place prior to the auction. For further information on the property please download the legal pack or email the property contact.

      Savills are not holding any viewings for this property. For further information please download the legal pack or email the relevant Savills Contact directly.

      Viewings are in the process of being finalised and will be online shortly, please click here for a notification when they go online.

      No set viewings will be available on this property prior to auction due to the tenants in situ. Please refer to the legal pack for further information.

      No set viewings will be available on this property prior to auction due to safety concerns within the property. Please refer to the legal pack for further information.

      There are no formal viewings for this property. You can visit during commercial trading hours as a customer.

      Accommodation / Tenancy Schedule

      Local information

      St Leonards Road provides access to transport and local services. Horsham Railway Station is approximately 1.1 km away, providing direct train services to London and other destinations.The M23 motorway is around 10 miles east, connecting to Gatwick Airport and the M25 motorway .Local amenities include several schools within walking distance, such as Heron Way Primary School and Millais School. Medical facilities like Park Surgery and The Courtyard Surgery are nearby. Shopping options include a Sainsbury’s Superstore less than a mile from the property and Tesco Express directly opposite.

      Legal documents

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      EPC rating

      If no EPC rating appears please refer to the legal pack.

      Guide prices and common auction conditions

      •Guide prices given are indications within 10% upwards or downwards of where the reserve price may be set at the time of going to print. Please note they are not an indication of the anticipated sale price or a valuation.

      •The reserve price is the minimum price at which the property can be sold.

      •Both the guide price and reserve price may be subject to change up to and including the day of the auction.

      •For unsold properties after an auction an Available price may be listed. This is the price that the seller(s) are looking for post auction, subject to contract and no higher offers, and has no relation to the guide prices listed prior to the auction sale.

      Please note that all prices listed, whether prior to or post auction, are subject to contract.

      The Auctioneers and sellers accept no responsibility for any loss, cost or damage that a buyer may incur as a result of relying on any guide price. It is the buyer's responsibility to decide how much they should bid for any lot. Please check with us for regular updates as guide prices are subject to change prior to the auction.

      The guide price does not include the buyer's fee charged by the auctioneer or VAT which may apply to the sale or other amounts the seller may charge. The seller's Special Conditions of Sale will state whether there are other seller's charges and whether the seller has elected to charge VAT on the sale price.

      Addendums