3 Bed Terraced House For Sale

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 *
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