Guide Price £3,000,000
This charming 1894 imposing building, formerly the headquarters for West
Sussex Constabulary, has been restored to an exceptional finish,
creating a selection of 14 individually designed apartments in the heart of Horsham town centre.
GUIDE PRICE £3,000,000 - £4,000,000
PLEASE SEE OUR DETAILED WALK - THROUGH VIDEO ATTACHED
LOCATION, LOCATION, LOCATION !
Peel House is situated in the centre of Horsham, short 5 minutes walk from train station which has a direct line to Gatwick (17 minutes) and London Victoria (52 minutes) with easy access to the M23 and M25.
Moments from Horsham town centre, there is a thriving historic market town with an excellent selection of national and independent retailers including a large John Lewis at Home and Waitrose store.
There is a twice weekly, award-winning local markets in the Carfax in the centre of Horsham enabling you to stock up on local produce, or head to East Street, or Eat Street as it is known locally, where there is a wide choice of restaurants.Surrounded by beautiful walks and cycle rides in the immediate countryside and further afield, the stunning South Downs and coast are within easy reach.
Demand for property in Horsham has been boosted by several factors:
· Growth in the domestic population
· An ageing demographic
· Rising employment
· Inward migration from London
· A thriving ‘staycation’ market
Analysis of rail travel data in July last year found that Horsham had seen a 234% rise in the number of commuter journeys to the City of London.
According to Land Registry figures published January 2022, average values rose by £59,000 in the 12 months to November. That equates to annual growth of 15.8% in the long term. This is ahead of the UK norm, which ONS estimates at around 10%.
PRODUCING INCOME AND SIZE
14 Apartments all on long term AST producing £198,300 gross income per year. Option to increase the rental each year subject to rental market conditions. Option to buy the portfolio as a whole or half.
10 x 2 Bedroom 7,935 SQFT, 737.12 SQM Net Saleable Areas (Nsa)
4 x 1 Bedroom 2,234 SQFT, 207.69 SQM (Nsa)
Total 10,169 SQFT, 944.81 SQM Nsa
Floorplans available upon request.
14 allocated secure parking spaces
150 year lease
FIXTURES AND FITTINGS
· Fully fitted kitchens with a range of floor and wall mounted units, with a host of integrated Siemens appliances and wine chiller
· Fully tiled contemporary family bathroom , built in wardrobes, fully tiled spacious en-suite shower room for the 2 beds
· Cast iron fireplace in some apartments adding to the character charm and features high ceilings, which are a consistent theme throughout
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Book Your Exclusive Appointment to find out why Horsham is a place to invest with stable expected capital growth and rising rental due to high demand.
Price:Guide Price £3,000,000
Property Size:10169.00 sqft