For Sale
25/27/29,
High Street,
Storrington,
West Sussex,
RH20 4DR
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Investment
5,215 Sq Ft (484.47 Sq M)
- Mixed-use freehold comprising three ground floor retail units with three self-contained residential flats above totalling 5,723 sq ft
- Prime position within the heart of Storrington High Street, close to national multiples (including Waitrose and HSBC Bank) and a wide range of independent retailers, service providers, and restaurants
- Prominent frontage to the High Street with strong footfall and visibility
- Well-balanced tenant mix with scope for rental growth and asset management
- Attractive lot size suitable for private investors
- Convenient road and rail links to London, Gatwick, and the coast
- Double Retail Unit let to undoubted covenant of Boots, The Chemist and single Retail Unit let to Mansell McTaggart who have 23 estate agents offices across Surrey and Sussex
- Three large independently accessed maisonettes above, each with 2/3 bedrooms and roof terrace totalling 3,590 sqft GIA all let on AST's
- Total gross income £88,000 per annum
- Price: £1,250,000 (No VAT)
Location
Storrington, West Sussex is a market town set at the foot of the South Downs National Park and is an exceptionally well-situated centre that offers the perfect blend of country living and modern convenience. With its charming High Street, thriving community, and enviable access to open countryside, it is a sought-after location for those seeking both lifestyle and connectivity.
The High Street retains the character of a traditional Sussex market town with an array of boutiques, delicatessens, cafés, and public houses alongside everyday amenities, including a Waitrose, library, and leisure centre. The surrounding landscape is a paradise for walkers, cyclists, and equestrians, with the South Downs Way accessible within minutes and far-reaching views from nearby Chanctonbury Ring.
Storrington is also exceptionally well placed for travel:
Road: The A24 provides swift access north towards Horsham, Dorking, and the M25, and south to Worthing and the Sussex coastline.
Rail: Pulborough and Amberley stations (within 6 miles) offer regular services to London Victoria, Gatwick Airport, and the south coast.
Air: London Gatwick Airport is within a 40-minute drive.
Description
The property was constructed in 1938/39 and is of traditional brick construction, arranged over three storeys beneath pitched tiled roofs, with a series of projecting shopfronts at ground floor level providing three individual retail units occupied by Boots, The Chemist (two units 25/27) and Mansell McTaggart (29) an estate agent with 23 offices in Sussex and Surrey . The retail units provide open-plan retail accommodation with ancillary storage to the rear.
The upper floors are accessed from both the front and the rear of the property and provide three self-contained first and second floor (within mansard roof) flats all accessed separately to the ground floor commercial space. Additionally to the rear are the service yards and parking for the properties.
Accommodation
Ground Floor: A parade of three retail units (Nos. 25, 27 and 29), each with glazed shopfronts to the High Street and ancillary storage accommodation to the rear.
First Floor: The upper parts (Nos. 25a, 27a and 29a) comprise three self-contained residential flats, each accessed independently from both the front and the rear.
Site: The overall site extends in depth from the High Street frontage, with rights of way and yard space to the rear.
Further details on floor areas can be found on the Tenancy and Accommodation Schedule.
Energy Performance Rating
We understand the property has the following EPC ratings:
25 - C 62 - Expiry 03.12.2033
25a - D 63 - Expiry 08.06.2030
27 - C 59 - Expiry 03.12.2033
27a - E 42 - Expiry 03.12.2030
29 - C 67 - Expiry 03.12.2033
29a - E 43 - Expiry 01.04.2030
Taxation
See Tenancy and Accommodation Schedule
Tenancy Information
The ground floor shops are let on commercial FRI leases and the residential flats let on Assured Shorthold Tenancies at a total gross rent of £88,000 per annum. Full tenancy details are set out on the attached Tenancy and Accommodation schedule.
Covenant
Boots UK Limited have a Dunn & Bradstreet rating of 5A 2 and a tangible net worth of over £35m.
Mansell McTaggart are an estate agent with 23 offices in Sussex and Surrey. https://www.mansellmctaggart.co.uk/
Terms
The property is held freehold (titles WSX435232 & WSX304229) and we have been instructed to market the interests subject to tenancies at a price of £1,250,000 (no VAT) subject to contract for the whole.
VAT
We understand that the property is not elected for VAT.
Legal Fees
Each party to bear their own legal costs incurred.
Anti-Money Laundering Regulations 2017
In accordance with current Government legislation, we are legally required to conduct Anti-Money Laundering (AML) checks on all prospective purchasers or tenants where the transaction involves a capital value of €15,000 (EUR) or more, or a rental value of €10,000 (EUR) per calendar month or greater.
This process includes verifying identity, as well as confirming the source and availability of funds. Please note that we must obtain and record this information before any transaction can be formalised or contracts exchanged.
Flude Property Consultants for themselves and for the vendors or lessors of this property whose agents they are give notice that: i) these particulars are set out in good faith and are believed to be correct but their accuracy cannot be guaranteed and they do not form any part of any contract; ii) no person in the employment of Flude Property Consultants has any authority to make or give any representation or warranty whatsoever in relation to this property.
Please note that whilst we endeavour to confirm the prevailing approved planning use for properties we market, we can offer no guarantees in this regard. Planning information is stated to the best of our knowledge. Interested parties are advised to make their own enquiries to satisfy themselves in respect of planning issues.
We advise interested parties to make their own enquiries to the local authority to verify the above and the level of business rates payable in view of possible transitional arrangements and any reliefs.