Freehold Investment for Sale – Horley

5th February 2018

Oldfield Smith & Co are delighted to have been instructed to market this freehold investment in Victoria Road, Horley.

The property comprises a two storey building with the ground floor most recently occupied as a branch of HSBC bank.  Some of the internal bank fittings remain but there is scope for conversion to alternative uses subject to planning permission.  It is currently let at £32,000pa where the tenants have exercised a break option effective from 15 May 2018 with scope to increase the rent upon re-letting.

77-81 Victoria Road, Horley- Freehold Investment for Sale through Oldfield Smith & Co

The first floor offers self contained office accommodation currently let to Mahany & Co Solicitors with a lease for a term of 15 years from September 2017 at a passing rent of £13,400pa.

VOA records indicate the following areas to the building (not verified by us) :

Ground floor retail 148.46 sq m (1,598 sq ft)

Staff room/kitchen 10.30 sq m (111 sq ft), Rear office/store 22.70 sq m (244 sq ft), Store 3.2 sq m (34 sq ft)

First floor offices 80.80 sq m (870 sq ft)

Total overall area 265.46 sq m  (2,857 sq ft)

The freehold interest is available for £750,000 subject to the occupational leases.

Contact us now for further details on 01825 762222 or click >here< to download the particulars.