43-44B Carfax 2,533 SF 100% Leased Retail Building Horsham RH12 1EQ $1,367,428 ($539.85/SF) 7.60% Cap Rate

Horsham is an affluent and pretty market town with great links to London. The property occupies a prime location in Carfax, the main pedestrianised area in the centre of town. The property is fully let to three companies on four leases at a total rental of £80,000 per year. Offers in excess of £1,000,000 (one million pounds), subject to contract and exclusive of VAT. A purchase at this level would reflect a net initial yield of 7.6%.
The whole of Unit 2 No. 44 Carfax is let to Giovanni Food & Wine Limited with a Personal Guarantee from Mr Giovanni Barozzi; Rent - £21,000 per year, subject to an upward only rent review on 1st November 2027; Lease - 10 years to 31st October 2032 subject to a tenant break clause on 1st November 2027; Terms – Full Repairing & Insuring; The tenant has traded successfully from this location for many years and has expanded into the adjoining unit.
The whole of 43 Carfax is let to Giovanni Food & Wine Limited with a personal guarantee from Mr Giovanni Barozzi; Rent - £22,000 per year, subject to an upward only rent review on 31st May 2027; Lease - 10 years to 31st May 2032 subject to a tenant break clause on 31st May 2027; Terms – Full Repairing & Insuring. The tenant has expanded from the adjoining unit as his business has grown.
The whole of 44B is let to Ms Natasha Murray t/a Natty Noo Designs; Rent - £26,000 per year; Lease - 5 years to 18th March 2029, with a tenant break clause in March 2027 by giving 6 months prior written notice; Terms – Full Repairing & Insuring. The shop specialises in handmade goods, books, an art gallery and tarot readings.
The First Floor & Attic Offices is let to Mercier Allen and Associates Ltd; Rent - £11,000 per year; Lease – for a term to 5th November 2032, subject to an upward only
rent review and break clause on 6th November 2027; Terms – Full Repairing & Insuring. The Tenant has been in occupation of the premises for many years and runs a successful Independent Financial Adviser business with £73 million of assets under management. They were acquired by Skerritts, a larger group, in 2023.