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For Sale£750,000.00

Freehold investment/development opportunity - former HSBC Bank with first floor offices

Retail, Offices, Office, Retail - High Street, Mixed Use, Other Property Types & Opportunities , 2857 Sq Ft
Property type: Retail, Offices, Office, Retail - High Street, Mixed Use, Other Property Types & Opportunities
Tenure: Development Opportunity, Investment Opportunity, For Sale Freehold
Size: 2857 Sq Ft
Price: £750,000.00
Location: 77, Victoria Road, Horley, RH6 7QH
Situated in the heart of Horley the property has a prominent frontage to the popular Victoria Road. The property is close to the pedestrianised High Street and convenient for the central Shoppers car park. Horley mainline railway station is a few minutes’ walk away.

The property is opposite Iceland frozen foods, with a new branch of Specsavers Opticians a few doors away. Also close by are Waitrose and Lidl supermarkets, Costa Coffee and Collingwood Batchelor department store.

The premises comprise a two storey building. The ground floor was most recently occupied as a branch of HSBC Bank. Internally it retains some of the bank fittings but offers enormous scope for conversion to alternative uses, STPP. The ground floor is currently let at a rent of £32,000 pa but the tenants have exercised a break option effective from 15 May 2018. It is considered that scope exists to increase the rent upon reletting.

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

There is a service road behind the property, accessed via Massetts Road. This leads to a surfaced car parking area at the rear of the building, which is of sufficient size to accommodate approximately 8 cars. 2 spaces are demised with the lease of the 1st floor offices.

VOA records indicate the following areas 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)

£750,000 for the freehold interest in the property, subject to the occupational leases.
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