2 bed flat for sale

Church Street, Storrington, West Sussex RH20

A rare opportunity to acquire a versatile freehold in the heart of Storrington, comprising a shop, office, and two flats. An ideal blend of commercial and residential income with future potential.

Accommodation

* Ground floor retail unit * Separate office * Two well maintained residential flats above - Flat 7A - Two bedroom * One bathroom * Flat 7B - One bedroom * One bathroom *

Directions

From the offices of gl & Co in High Street Storrington, proceed in a westerly direction taking the first turning left into Church Street. Continue along and the hair Saloon `Shampoo¿ is on your left. No visitor parking is available on site.

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Situation

Storrington is a thriving large village in a picturesque setting at the foot of the South Downs, conveniently close to the Horsham/Worthing A24 and motorway networks, yet it still retains a village atmosphere. There is a mainline station in Pulborough, approximately five miles to the west. Storrington has comprehensive shopping facilities including a Waitrose store, restaurants, cafes including Costa, two pubs and there are primary schools and years seven and eight of Steyning Grammar School, churches, a bank, a modern doctors' surgery, dental practices, opticians, two veterinary practices, library and a museum.

Description

Mixed-Use Freehold Investment Opportunity | Village Centre Location | Established Income Stream | Development Potential
An exceptional opportunity to acquire a versatile and income-generating freehold property, ideally located in the heart of Storrington Village. The was property was completely renovated circa 2010 and comprises of a ground floor retail unit, a separate office space, and two well-maintained residential flats above, offering an attractive mix of commercial and residential income with scope for future enhancement. The property also benefits from an area of land to the rear and presently has an allocated parking space and receives a service charge relating to the access from the residential properties to the rear that are in separate ownership.
Ground Floor Retail Unit: The retail unit extends to approximately 718 sq ft (66.7 sq m) and is currently let on commercial terms. The lease and recent rent review details are available by request. The shop benefits from prominent street frontage and good footfall, making it a reliable income source within a popular local parade. Lease expires in October 2028 with a right to renew.
Office Space: To the rear of the shop is a single-storey office space measuring approximately 227 sq ft (21.1 sq m). This space is currently self-let at £250 pcm but offers significant scope for redevelopment. The vendor has previously considered demolishing the office to create additional parking for the residential flats or redeveloping the site for residential or ancillary use (subject to planning permission).
Residential Flats: Above the commercial premises are two self-contained residential flats:
- Flat 7A: A spacious two-bedroom, one bathroom flat with `L¿ shaped Kitchen/Diner/Sitting room which measures approximately 787 sq ft and is presented in good order throughout. The longstanding tenant maintains the flat to a high standard.
- Flat 7B: A well-presented one bedroom, one bathroom flat with generous separate Kitchen and Sitting room, offering over 500 sq ft of accommodation. The flat is presented in good order throughout.
Investment Overview: This property offers an established and diversified income stream, with the added benefit of a long-term tenant in place and strong market demand for both retail and residential units in the area. The current owner has advised us that in total, the residential and commercial elements generate a gross income in the region of approximately £36,890 per annum (a gross return of over 6%), with additional potential income from the shop, office space and apartments. There remains further scope to add value through potential redevelopment of the office or through future lease restructuring.
This is an ideal opportunity for investors looking for a stable, well-located asset with clear potential for capital and income growth in the years ahead.
Further Information
- Full lease details for the commercial unit available to firm interested parties
- EPC ratings available for all units
- Viewing strictly by appointment only

Reception 1

Reception 1

Services

All mains are connected.

Council Tax

Please contact Horsham District Council on Tax band C.

Viewing

Strictly by appointment:

Notes

1. All measurements shown in these particulars are approximate. 2. Whilst we endeavour to make our sales details accurate and reliable, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check information. Do so, particularly if you are contemplating travelling some distance to view the property. 3. The mention of any appliance and/or services in these particulars does not imply that they are in full and efficient working order. Gl & Co Estate Agents, for the vendor property whose agents they are, give notice that: 1. The particulars are produced in good faith, are set out as a general guide only and do not constitute any part of a contract. 2. No person in the employment of or agent of or consultant to gl & Co has any representation or warranty whatever in relation to this property.