West Street, Midhurst, West Sussex, GU29

Terms
The property for sale comprises the ground floor shop only. The share of the freehold is available, subject to the existing sub lease dated 20th December 2024, at a price of £195,000. This price reflects a NIY of 7.28 % after usual purchasers costs of 1.5%.
This property provides an ideal opportunity to purchase a commercial property through a SIPP and the associated tax efficiencies. Interested parties should seek their own independent financial advice in this regard.
Further details available upon request. Each party to bear their own legal fees.

Sub Lease Information
The property is occupied and sub-leased by a private individual trading as Marmadukes Antiques Emporium. * This business is unaffected by this sale.
The sub lease is summarised below-
Lease Dated 20th December 2024, commenced 1st March 2025
Annual Rent- at a rate of £1,200 per month. £14,400 per annum
Break Date- 1st March 2028- either the Landlord or the Tenant may terminate this Lease by serving a Break Notice on the other party at least 6 months before the Break Date.
Contractual Term- term of 5 years from and including 1st March 2025 to and including 28 February 2030.
Sub lease is excluded from the Landlord and Teant Act 1954.

VAT
Rents and prices are quoted exclusive of, but may be subject to VAT.
EPC
Rating B (44), copy available upon request.
Business Rates
Current rateable value (1 April 2023 to present) £10,250.
Viewings
Strictly via sole agents
Jonathan Manhire MRICS