Retail Property (High Street) for sale in Midhurst
The property is located on West Street, which runs from the main high street, towards South Street. Local amenities are extensive, and transportation by rail is located in the nearby town of Haslemere, which offers a fast service to London (Waterloo) and Portsmouth. The nearby A3 provides a direct route to Guildford, London and the M25 motorway.
The property is known as West Street, Midhurst, West Sussex, GU29 9NF registered at HM Land Registry with title number WSX143314. The entire property was comprehensively refurbished. The property for sale comprises the ground floor shop only.
Floor Areas
The property comprises the following accommodation;
Shop window width 16 ft 5 ins 5.04 m
Total Area Ground Floor 963 sq ft 88 sq m
Terms
The property for sale comprises the ground floor shop only. The share of the freehold is available, subject to the existing sub lease dated 20th December 2024, at a price of £195,000. This price reflects a NIY of 7.28 % after usual purchasers costs of 1.5%.
This property provides an ideal opportunity to purchase a commercial property through a SIPP and the associated tax efficiencies. Interested parties should seek their own independent financial advice in this regard.
Further details available upon request.
Each party to bear their own legal fees.
Sub Lease Information
The property is occupied and sub-leased by a private individual trading as Marmadukes Antiques Emporium. * This business is unaffected by this sale.
The sub lease is summarised below-
Lease Dated 20th December 2024, commenced 1st March 2025
Annual Rent- at a rate of £1,200 per month. £14,400 per annum
Break Date- 1st March 2028- either the Landlord or the Tenant may terminate this Lease by serving a Break Notice on the other party at least 6 months before the Break Date.
Contractual Term- term of 5 years from and including 1st March 2025 to and including 28 February 2030.
Sub lease is excluded from the Landlord and Teant Act 1954.
VAT
Rents and prices are quoted exclusive of, but may be subject to VAT.
EPC
Rating B (44), copy available upon request.
Business Rates
Current rateable value (1 April 2023 to present) £10,250.
SITUATION
Midhurst is a historic market town located within the heart of the South Downs National Park and is strategically located mid-way between Haslemere, to the north, and Chichester to the south. 24 miles to the north is Guildford with south west London being 50 miles to the north east. The town benefits from an attractive shopping environment, with a large catchment area, and is further enhanced by the influx of tourists drawn by the county location, the renowned Cowdray Estate for Polo, and the hugely successful Goodwood Estate with car and horseracing events.
Important Information
- This is a Freehold property.
Property Ref: CHR250303
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