Midhurst is an attractive mid Sussex market town with a substantial rural catchment area and is a tourist base within an area of outstanding natural beauty. It is located approximately 10 miles south of Haslemere 12 miles north of Chichester and 55 miles from London. The town is internationally known for its polo centre at Cowdray Park.
The property is situated at the junction of the A272 and A286, a busy roundabout with large amounts of traffic. This is one of the main east/west routes in the southern Home Counties. There are a number of national and local traders represented in Midhurst with nearby occupiers including Costa, Tesco, Nationwide, Sainsburys and British Heart Foundation.
A new Use Classes Order (UCO) came into effect on 1st September 2020. Under the new UCO a new Use Class E was introduced to cover commercial, business and service uses. Use Class E encompasses A1, A2, A3, B1 and some D1 and D2 uses under the former UCO. We therefore understand that the premises benefit from Class E 'Commercial Business and Service' use within the Use Classes Order 2020.
Interested parties should make their own planning enquiries and satisfy themselves in this regard.
We understand the property is not elected for VAT.
The property comprises of a prominent corner building in a busy trading location with return frontage onto both Petersfield Road and Rumbolds Hill at the junction with West Street and Bepton Road.
The ground floor retail unit is arranged as linked adjoining rooms. There is a WC and storage.
Ground floor approximate NIA:
Area - Sq M - Sq Ft Sales Area - 58 - 626 Storage - 18 - 194 Total - 76 - 820
Business Rates / Council Tax Band
Rateable Value (2017): £17,500.
Following the Government's recent Budget, occupiers of retail and amp; leisure properties are eligible to receive a discount of 100% from their 2020/2021 rates bill, which may be subject to EU State Aid Limits.
Should you require further information on Business Rates, please contact our in house rating surveyor Daniel Green (email@example.com).
We understand the property to have the following EPC ratings:
Shop: E (116).
Each party to bear their own legal costs incurred.
The ground floor shop is available to let by way of a new (effectively) full repairing and insuring lease for a term to be agreed at a commencing rent of £20,000 per annum exclusive. ( Agency Pilot Software Ref: 3760 )