£350,000
Sold
REF: MID250078
A fantastic opportunity to acquire the Freehold of a mixed-use property in the heart of Midhurst Old Town with the benefit of an ongoing lease comprising restaurant with outside space, two residential studio flats and a two-bedroom flat with scope for refurbishment.
Ground Floor
Two large Retail Spaces, Walled Courtyard Terrace for a Restaurant
First Floor
Two One Bedroom Studio Flats
Second Floor
Kitchen/Breakfast Room, Two double Bedrooms, Bathroom
The Property
York House is an historic building in the heart of Midhurst Old Town and is set within a row of characterful properties adjacent to the popular Midhurst High Street. York House comprises ground floor retail space; courtyard garden; 2 x 1 bed flats; 2 bed top floor flat; Freehold interest of GF boutique (Me and Maya). The access to all units is off Knockhundred Row into a separate entrance hallway with stairs to the first floor and leading onto a large ground floor space which is currently used as a successful restaurant dining room, steps down lead onto a further space, currently utilised as a bar and dining area. A large walled courtyard completes the ground floor space. Stairs from the entrance hallway, also connected to the restaurant space below, lead up to the first floor accommodation which is currently arranged as two studio apartments each with one double bedroom, a kitchen dining area and bathroom. A second flight of stairs leads to the second floor apartment which has two double bedrooms, a good sized kitchen, living room, bathroom and the benefit of far-reaching views across the town. All apartments have been let on a short-term basis. The current rent for the lease of the property in its entirety is £19,999.92 per annum (paid in equal monthly instalments).
Gardens and Grounds
To the rear of the ground floor property is a large walled courtyard which currently serves as a useful outside space for the restaurant.
The Location
York House is conveniently located just off the popular high street in Midhurst and leads into the historic heart of the town with its range of independent boutiques and specialist bars and restaurants. The property is within walking distance of all that the town offers. Midhurst is a thriving market town in the heart of the South Downs National Park and as the home of Cowdray Polo attracts a year-round stream of visitors to the area who are attracted to the many events held by the Cowdray Estate, the artisan shops and restaurants The towns of Petworth and Petersfield are also close by and provide for most everyday needs, whilst Guildford in Surrey and the Cathedral city of Chichester, both with renowned Theatres, are within easy reach and have more extensive shopping and leisure facilities. The A3 provides fast access to London, the motorway network, Gatwick, Heathrow and Southampton airports, whilst the mainline station at Haslemere provides a fast service to London Waterloo. Midhurst and the surrounding area have much to offer with Polo at Cowdray Park, racing at Goodwood and Fontwell, golf at Cowdray Park, Goodwood, Pulborough and Liphook, motor racing at the Goodwood circuit and sailing out of Chichester Harbour and other centres along the South Coast. There are many footpaths and bridleways in the area for walking and riding.
Distances
By Road: London 55 miles, Petworth 6 miles, Haslemere 8 miles, Chichester 12 miles
By Rail: Haslemere to London Waterloo from 49 minutes
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