Summary - West Street, Midhurst, GU29 GU29 9NF
1 bed 1 bath Retail Property (high street)
Refurbished high-street shop in Midhurst — income-producing but short lease term.
Prime town-centre shop: 963 sq ft with 16 ft 5 in glazed frontage
Comprehensively refurbished; EPC B (44) and mains gas heating
Current sub-lease in place producing £14,400 pa income
Sold freehold but subject to existing sub-lease dated Dec 2024
Only five years remaining on lease; lenders likely to refuse mortgages
Sub-lease excluded from Landlord & Tenant Act 1954; break option 01/03/2028
Located within South Downs National Park; strong tourist and local footfall
Average broadband, excellent mobile signal; very low local crime
A prominent, newly refurbished ground-floor retail unit on West Street, Midhurst, offers an investor-ready town-centre presence within the South Downs National Park. The shop extends to 963 sq ft with a 16 ft 5 in glazed frontage, exposed character finishes and an EPC B (44). It is currently sub-let, producing an income of £14,400 pa and priced to reflect a net initial yield around 7.28% after purchaser costs.
Buyers should note a material lease constraint: the property is sold subject to an existing sub-lease dated 20 December 2024 with five years contractual term from 1 March 2025. Mortgage lenders may refuse lending on a short lease, and the sub-lease is excluded from the Landlord & Tenant Act 1954. There is a tenant/lender break option on 1 March 2028 (six months’ notice required).
The unit’s Victorian façade and town-centre location give strong rental and retail appeal to boutique or speciality occupiers, and the property is suited to ownership through a SIPP or private investor portfolio. Transport links (A3 nearby, Haslemere rail services) and local tourist demand strengthen long-term footfall prospects. Practical features include mains gas heating, recent comprehensive refurbishment and very low local crime.
This is a practical, income-producing retail asset for an investor comfortable with short leasehold income and the implications for finance. Prospective purchasers should obtain independent legal and lending advice and inspect lease documentation and rent roll prior to offer.
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