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West Street, Storrington

 

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    West Street
    Storrington

    Legal Fees - Each party to pay their own legal costs unless otherwise agreed.


    The Location

    The busy village of Storrington lies on the east-west A283, West Street & High Street being the main thoroughfare and carrying lots of passing traffic. Village shops include traditional local traders, Post Office, deli, hairdressers/beauty shops, Boots & Lloyds Pharmacies as well as HSBC & Barclays banks. Shoppers have the choice of several coffee shops, restaurants, take-aways and objets d’art shops. There’s a Waitrose store (John Lewis Collection Point) and Costa; plus a 6.00 am - 10.00 pm opening Tesco Express and petrol station in Pulborough Road. Neighbouring towns include Petworth, Steyning and Pulborough. The area has an affluent community and is set against the stunning backdrop of the South Downs National Park.

     

    This ground floor shop forms the ground floor and basement of a pretty 18th century Grade II Listed building. Spanning the prominent corner of West Street and historic Church Street, it has two large display windows and stands opposite the Post Office and Carters Electrical Store, at the point where West Street becomes the High Street. 

     

    11 West Street

    The premises comprise a ground floor sales area, attractively presented and retaining many period features including an open fire and exposed beams. Currently trading as a bespoke jewellers, it has internal stairs down to its own basement area providing a workshop and storage area, sink area and staff WC. We are informed it has been re-wired and has a security alarm system.

    Total Area 433 sq ft made up of:

    Ground Floor Sales Area: 328 sq ft (irregular shape)    Basement/WC/Storage: 105 sq ft  

    Tenure - The premises are for sale on the remainder of a 999 year lease (virtual freehold). Vacant possession.

    Building Maintenance - The owner will be responsible for a 25% share of the buildings maintenance and insurance premium. We understand last year’s insurance cost was £182.

    Business Rates - The property has a rateable value of £7,500 and is therefore eligible for 100% small business rates relief with zero rates payable. Interested parties are advised to contact the local rates office as eligibility will depend on whether a new owner owns any other business premises. .

    Restrictive Covenant - A restrictive covenant will apply not to use the property as a jewellers and jewellery-maker for a period of 5 years following the property sale (Unless separately agreed otherwise with the vendor).

    VAT: Under the Finance Act 1989 VAT may be chargeable on sales/rentals of commercial property. Applicants are advised to make their own enquiries to establish liability.