Milestone House

Hurst Road, Horsham, West Sussex, RH12 2DT

Under offer

ATTRACTIVE OFFICE BUILDING FOR SALE
CONSIDERED SUITABLE FOR
ALTERNATIVE USES (STPC)
355.92 SQ M (3,832 SQ FT)

Status

For Sale

Location

The property is located approximately 1/2 a mile north of Horsham town centre on the B2180 Hurst Road which links Horsham Parkway with the B2237, in turn giving access to the A24 approximately one mile to the north and the M23, approximately 8 miles to the north.

Horsham's mainline railway station is conveniently located approximately a 7-minute walk away and offers direct services to London Victoria in 55 minutes and Gatwick Airport in 18 minutes.

Description

Property comprises a detached three-storey former Edwardian house, which has been converted to office accommodation and benefits from car parking to the rear, which is accessed from Pinehurst and a small garden to the front.

The building was converted into quality office accommodation, comprising 13 rooms plus a shared meeting room. Of the 13 suites, 5 are currently occupied by way of license agreements to 3 tenants. The property provides 15 on-site car parking spaces.

The property is considered suitable for alternative uses, subject to any necessary planning consent being granted.

Accommodation

The premises have the following approximate net internal floor areas:

Accommodation Size (sq m) Size (sq ft)
Ground Floor  131.35 1,414
First Floor   104.80 1,129
Second Floor  86.96 936
Total  323.11 3,479

Individual room sizes are provided within the tenancy schedule, which can be provided upon request.

The total site area comprises 0.254 of an acre (1.03 hectares)

Planning

The property is understood to benefit from B1 (office) use under the Town & Country Planning Act (Use Classes) Order 1987.

Tenure

The property is available by way of a sale of the freehold interest and can either be sold subject to the remaining tenancies, or with the benefit of vacant possession.

Licences

The latest Tenancy Schedule is available upon request.

Rental Income

The current passing rent is £17,448 per annum inclusive of all costs, with the exception of business rates, individual suite cleaning and communication costs, which are the responsibility of the individual licensees.

Non-Recoverable Costs

A breakdown of the non-recoverable costs is available upon request.

VAT

VAT is not applicable on the terms quoted.

Legal Costs

Each party to be responsible for their own legal costs. 

Price

Offers are invited in the region of £1,000,000

Business Rates

On the whole, the rooms have been assessed for business rates individually and where tenanted the business rates remain the responsibility of the tenant. A summary of the individual Rateable Values is available upon request.

Energy Performance Rating

This property has been graded as D (91)

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