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Lot: 61 - FREEHOLD MIXED USE INVESTMENT - front view of Havant House from main car parkLot: 61 - FREEHOLD MIXED USE INVESTMENT - front view of Dems House from main car parkLot: 61 - FREEHOLD MIXED USE INVESTMENT - view of commercial unit 3 in Dems House at first floor levelLot: 61 - FREEHOLD MIXED USE INVESTMENT - view of commercial unit 4 in Dems House at first floor levelLot: 61 - FREEHOLD MIXED USE INVESTMENT - side view of access to unit 3 in Dems HouseLot: 61 - FREEHOLD MIXED USE INVESTMENT - side view of access to unit 4 in Dems HouseLot: 61 - FREEHOLD MIXED USE INVESTMENT - rear view of Havant House from parking areaLot: 61 - FREEHOLD MIXED USE INVESTMENT - side view of Havant House showing all unitsLot: 61 - FREEHOLD MIXED USE INVESTMENT - rear parking area for both units with drivewayLot: 61 - FREEHOLD MIXED USE INVESTMENT -
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Lot 61 Freehold Mixed Use InvestmentAuction Date:
12th June 2024

Dems House & Havant House, Mill Lane, Storrington, Pulborough, West Sussex, RH20 4PP

£550,000*+ FEES

Currently let at £38,500 per annum

Estimated rental £59,400 per annum

Category Mixed Commercial/Residential
Tenure Freehold

Two detached contemporary style properties of part-tile hung/part cement rendered elevations beneath a flat roof. Havant House is arranged over three floors as four self-contained flats, all sold on long leases with two commercial units on the ground floor producing
£20,000 per annum in total.

Dems House is arranged over two floors as four self-contained commercial units with the two ground floor units producing £18,000 per annum in total with the two first floor units vacant but being marketed at present with a combined potential rental of £20,900 per annum. It is also considered that there is the potential for rental growth on the existing shops. The units are approached via a shared driveway and there are 10 parking spaces shared between the commercial and residential elements.

They are situated in the heart of Storrington village with its comprehensive local shopping facilities and amenities with excellent road links to Worthing, Horsham and all surrounding areas via the nearby A24/A27.

Havant House

Trading As Marakesh Spice

Ground Floor

Tenancy

Let on a 20-year repairing and insuring lease from 25th December 2009 with five yearly rent reviews at a passing rental of £12,000 per annum.

Trading As Storrington Fish Company

Tenancy

Let on 15-year lease, from 6th December 2010, at a passing rental of £8,000 per annum.

Residential

Tenure

Four flats occupying the first and second floors, each sold on a long lease with a combined annual ground rental of £500 per annum.

Dems House (Bits & PCs)

Ground Floor

Tenancy

Let on a 20-year lease, from 29th September 2019, with five yearly rent reviews at a passing rent of £8,000 per annum.

Flower Wise

Ground Floor

Tenancy

Let on a 20-year lease from 29th September 2019 at a passing rent of £10,000 per annum.

Unit 3

First Floor

Open plan retail unit with kitchen and W.C.

Tenancy

Vacant - currently marketed at a rental of £9,500 per annum.

Unit 4

First Floor

Open plan retail unit with smaller rooms, kitchen and separate W.C.

Tenancy

Vacant - currently marketed at a rental of £11,400 per annum.

Outside

Ten parking spaces to the rear of the properties divided between the commercial and residential units and accessed by a shared driveway.

Site Measurements

The entire site extends to approximately 0.095 hectares (0.23 acres).

Freehold with Part Vacant Possession



Dems House & Havant House, Mill Lane, Storrington, Pulborough, West Sussex


There is an addendum available to be read
in conjunction with the legal documentation.

Further Information

Richard Payne
on 01273 504232

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