Investment
properties

Sold

Barclay House, 51 Bishopric,
Horsham RH12 1QJ

Offers in excess of £2,000,000

Freehold investment opportunity let to Barclays Bank PLC

Freehold

Let to Barclays Bank PLC

Approximate income £145,000 per annum

Parking for approximately 48 cars

Future redevelopment or asset management opportunities

Description

The property comprises a purpose built office premises extending to approximately 13,594sq.ft. over ground, 1st and 2nd floors, situated on a corner plot of approximately 0.47 acres. The property benefits from passenger lift services to all floors and parking for approximately 48 vehicles.

Location

The property is located in Bishopric within the historic Market Town of Horsham in West Sussex, occupying a prominent corner position on the west end of West Street. The property is within close walking distance of Horsham Town Centre with its plethora of shops, bars and restaurants.

Tenancy

The property is let on a fully repairing and insuring lease to Barclays Bank PLC for approximately £145,000 per annum until June 2022. The premises has been sub-let on a variety of leases, a schedule of which is available upon request.

Planning & development potential

We understand the property benefits from B1 use. The building is not Listed or located within a Conservation Area. The property offers potential for redevelopment and a range of alternative uses, including retail, office, hotel, student accommodation and residential, subject to the necessary consents being obtained.

Tenure

The property is Freehold.

VAT

We understand this sale will not be subject to VAT.

Terms

Offers are invited in excess of £2,000,000 for the freehold interest.

Please note the information provided by Highfield Investments London Limited, trading as Highfield Investments has been given in good faith, however all parties must undertake their own due diligence to satisfy themselves in regards to accuracy.