A private investor, advised by Curchod & Co, has sold the investment of Martletts Corner, Rudgwick, Horsham, in West Sussex to a private high-net-worth investor for £2.2 million. The transaction reflects a Net Initial Yield of 6.6%.
Located at Church Street, Martletts Corner is a mixed-use development encompassing both retail and residential spaces. The 2,938 sq ft property has two ground-floor commercial units and eight residential units above. This investment offers a fully leased space, with the commercial units rented to BP Wealth Management and Co-Operative Group, generating a combined annual income of £48,500. The eight residential units contribute an additional annual rental income of £106,200.
Alex Blown of Curchod & Co. said: “The property enjoys a prominent trading position on Church Street, providing excellent accessibility and visibility. Its proximity to Horsham enhances its appeal, and the high level of interest we received during the marketing of the property, highlights the continued demand for well-located, mixed-use properties to private investors seeking stable returns in the current economic climate.”
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