Summary - WISTERIA HOUSE, MARKET SQUARE GU28 0AJ
1 bed 1 bath Office
**Standout Features:**
- Location: Featured in the center of Petworth, surrounded by a vibrant commercial area.
- Size: A generous total floor area of 3,389 sq ft (314.86 sq m), offering substantial space for various uses.
- Heritage: Attractive Grade II Listed building with historic Georgian architecture built in the 1700s.
- Courtyard Garden: Rear outdoor space with dual access from Market Square and East Street.
- Current Tenancy: Fully let to a reputable firm of solicitors (Glanvilles) until December 2033, with a passing rent of £26,250 per annum.
- Investment Potential: Long-term lease provides stable rental income; potential for appreciation over time.
**Concerns:**
- Lease Agreement: 10 years remaining on the lease, which may limit mortgage options.
- Listed Status: The property's heritage listing could complicate renovations or modifications.
- Maintenance: The building may require upkeep due to its age and historical status.
**Summary:**
Discover a unique investment opportunity in the heart of Petworth with this charming Grade II Listed office property, exuding heritage charm and historical significance. Offering a substantial 3,389 sq ft of space, the building is currently leased to a well-established solicitor firm, ensuring a steady rental income until 2033, bolstered by a potential break option in 2029. The inviting rear courtyard garden and its prime Market Square location enhance its appeal, providing both accessibility and character.
While the property’s prestigious status adds to its allure, prospective buyers should be mindful that mortgage lenders may be hesitant due to the duration of the lease and the implications of its listed status. However, with rental yield and market positioning in a thriving community, this property presents an appealing opportunity for prudent investors. Don’t miss your chance to own a piece of Petworth’s legacy—act quickly, as properties of this caliber are in high demand!
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