229 and 231 London Road and 5 Grand Avenue, Camberley, GU15 3QJ
Size
2,698
Tenure
Freehold
EPC
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Parking
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- Primary use
- High street retail
- Other use(s)
- Other, Residential development
- Frontage
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No floor / site plan
Key features
- Prominent corner frontage
- Established local tenants
- Retail tenants in occupation since 2017 and 2019
- Current income £41,450 per annum with 2 outstanding rent reviews
- Freehold
Description
The premises comprise a detached three storey property of brick construction under a tiled roof. The property comprises three ground floor retail units and two residential units to the upper parts. Externally, there is a tarmac car park.
Location
The premises occupies a prominent corner position fronting Grand Avenue and London Road (A30). This is a busy thoroughfare road between
Sandhurst, Frimley and Camberley.
The premises are opposite Places Leisure Centre Camberley and other nearby occupiers include Premier Inn and Primark as well as many other local and national retailers / F&B occupiers. Camberley railway station is approximately 0.4 miles distant from the premises.
Terms
We have been instructed to market the freehold interest at a price of £500,000 (Five Hundred Thousand Pounds), subject to contract and exclusive of VAT.
A purchase at this level reflects a net initial yield of 7.92% after deducting purchaser’s costs of 4.7%.
Tenancies
Please refer to the tenancy schedule at the end of marketing brochure.
Total Income is £41,450 per annum and there are 2 outstanding rent reviews.
Legal Costs
Each party to be responsible for their own legal costs incurred in the
transaction.
AML
In accordance with Anti-Money Laundering requirements, two forms of
identification will be required from the purchaser and any beneficial owner
together with evidence/ proof identifying the source of funds being relied
upon to complete the transaction.
Tenure
Freehold - Title Number SY417812
VAT
Our client has confirmed that the property is not elected for VAT.
- Service charge
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- Business rates
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- Use class
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- Listed building
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An Energy Performance certificate helps you understand the current energy efficiency of a property.
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- BREEAM rating
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- Environmental description
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Brochure
229 and 231 London Road and 5 Grand Avenue, Camberley, GU15 3QJ
About Vail Williams, Bournemouth
Clients value the way we work.
Whilst our expertise lies in commercial property advice, we are extremely commercially-minded, always absorbing ourselves in your world and seeing the issues from the perspective of your business. We recognise that to you the commercial outcomes are paramount. We focus on this, actively looking for commercially advantageous opportunities to deliver the maximum value in our service.
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Disclaimer - Property reference 349350-1. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Vail Williams, Bournemouth. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.