7, North Street, Midhurst, West Sussex, GU29 9DH Freehold Commercial Investment For Sale Prime Retail Shop within Historic Market Town

Full Description

Midhurst is a historic market town located within the heart of the South Downs National Park and is strategically located mid-way between Haslemere, to the north, and Chichester to the south. 24 miles to the north is Guildford with south west London being 50 miles to the north east. The town benefits from an attractive shopping environment, with a large catchment area, and is further enhanced by the influx of tourists drawn by the county location, the renowned Cowdray Estate for Polo, and the hugely successful Goodwood Estate with car and horseracing events.
The Freehold property is known as 7 North Street, Midhurst, West Sussex, GU29 9DH registered at HM Land Registry with title number WSX302084. The commercial element of the property has been occupied by CRUK for circa 30 years.
Floor Areas-
The commercial property comprises the following accommodation-
Ground Floor Sales Area NIA 800 sq ft (74.31 sq m)
Ground Floor Ancillary NIA 930 sq ft (86.40 sq m)
First Floor Ancillary NIA 240 sq ft (22.30 sq m)
ITZA-analysis
Description Net Internal Area (NIA) ITZA
Zone A 347 sq ft (32.21 sq m) A/1 347 sq ft
Zone B 142 sq ft (13.23 sq m) A/2 71 sq ft
Zone B (after step) 129 sq ft (11.98 sq m) A/2 65 sq ft
Zone C (after step) 182 sq ft (16.89 sq m) A/4 45 sq ft
Total Sales Area 800 sq ft (74.31 sq m) 528 sq ft ITZA

Terms
The property for sale comprises the shop and flat 1 and 2* (which have been sold off on long leaseholds interests). The freehold is available, subject to the existing leases summarised below, at a price of £275,000. This price reflects a NIY of circa 7.81 % after usual purchasers costs.
Further details available upon request. Each party to bear their own legal fees.

Leasehold Information
The Freehold is subject to the following leasehold interests-
Shop- 7 North Street (basement, ground and part first floor)
From and including 23 March 2017 to and including 22 March 2027 (WSX400653)
Flat 1-, The Garden House (first and second floor), 99 years from
1 January 2021. (WSX434027)
Flat 2-Garden House (first and second floor) 125 years from 1 June 2025 (WSX455447)
The shop lease is summarised below-
Tenant- CANCER RESEARCH UK *in occupation
Lease Dated 23rd March 2027
Annual Rent- £21,800 per annum per annum
Contractual Term- term of years beginning on, and including 23 March 2017 and ending on, and including 22 March 2027.

We understand the lease is inside the Landlord and Tenant Act 1954.
VAT
Rents and prices are quoted exclusive of, but may be subject to VAT.
EPC
Rating A (24), copy available upon request.
Business Rates
Current rateable value (1 April 2026 to present) £17,00