Summary - Stuff & Co,West St,Midhurst,GU29 9NF GU29 9NF
1 bed 1 bath Retail Property (high street)
Prominent Midhurst retail unit with immediate income and SIPP-friendly purchase potential..
Prominent West Street shopfront with good pedestrian visibility
Occupied sub-lease producing £14,400 per annum
Contractual term to 28 Feb 2030 (5 years remaining)
Break option on 1 Mar 2028—lease may terminate early
Many lenders likely to refuse mortgage due to short lease
Share of freehold available subject to existing sub-lease
EPC B (44); recently refurbished and trade-ready
No dedicated parking; compact single-level retail footprint
A compact, prominent ground-floor retail unit on West Street, Midhurst, offered with an existing fully let sub-lease. The shop benefits from strong town‑centre visibility, large glazed frontage, standard ceiling height and a recent comprehensive refurbishment that has left the sales area clean and readily tradeable. The property sits within the South Downs National Park and a low-crime, affluent small‑town setting that supports boutique retail and visitor footfall.
This sale is structured as a commercial investment: the unit is sub‑let to Marmadukes Antiques Emporium and produces £14,400 pa. The asking price of £195,000 reflects a net initial yield (NIY) of 7.28% after purchaser costs, and purchase via a SIPP is stated as a tax‑efficient option for some buyers. Practical credentials include an EPC rating B (44) and a modest, manageable footprint of c.963 sq ft suitable for a single retail occupier.
Important drawbacks are clear and material: the contractual term runs only to 28 February 2030 (five years from commencement) and there is a tenant break date of 1 March 2028. Short unexpired lease length means many high‑street mortgage lenders may refuse to lend against the asset — this will be a concern for owner‑occupiers seeking mortgage finance. There is no allocated parking and the sale is for the ground‑floor shop only; upper floors are not included.
This property will suit an investor seeking an entry‑level high‑street asset with immediate income and straightforward management, or a SIPP purchaser comfortable with the lease profile. Prospective buyers should take independent legal and financial advice, and note rents and prices may be subject to VAT.
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