£500,000

Retail premises for sale

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  2.  Bakery 1.Jpg
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Freehold

Offers in region of

£500,000

(£341.53/sq. ft)

Retail premises for sale

High Street, Camberley GU15

1,464 sq. ft

Local area information

Property location

Nearby amenities

  • Camberley 0.1 miles
  • Lyndhurst School 0.5 miles
  • Lorraine Infant School 0.8 miles
  • Blackwater 1.5 miles

These distances are calculated in a straight line. The actual route and distance may vary.

Features and description

  • Freehold
Key Points

  • Two retail units 260 & 1,204 sq.ft.
  • Rent income £46,170 per annum

  • Description

    The premises being sold comprise two retail units on ground floor level with exclusive car parking situated to the rear. There are two flats above the retail units which are not included which can be available subject to further specific enquiries.
    Unit 31 is let to a local bakers/cafe who have been in occupation since 1998. The property is occupied under a lease due to expire on 11th January 2027 at an annual rental of £29,000.
    Unit 31A is let to a privately owned chain of jewellers with a lease due to expire on 31st January 2026 at an annual rental of £15,000.
    The two flats above are each held on a lease granted for a term of 125 years from 1st July 2016 subject to an annual rental of £250.00 per annum increasing by £250.00 per annum every 25 years.
    Two car parking spaces are separately let at a rate of £100.00 per month (£1,200 per annum). A further car parking space is separately let at a rate of £60.00 per month (£720.00 per annum).

    Location

    The property is situated in the heart of Camberley High Street in one of the prime locations opposite the main entrance into The Mall Shopping Centre. Camberley is a thriving shopping centre and the High Street has recently been going through a significant refurbishment programme. Major plans for further regeneration and refurbishment of other areas of the town centre are being developed by the Local Authority and their development partners.
    The town centre is home to many pubs, restaurants and multiple retailers such as Jackwills, Next, W H Smith, Boots, Sainsburys and House of Fraser.

    Terms

    The freehold interest of the property is available subject to a price in the region of £500,000 exclusive of VAT.

    Rateable Values

    From 1st April 2023
    Unit 31 - £12,750
    Unit 31A - £6,300

    Anti Money Laundering

    To comply with Anti Money Laundering regulations, Curchod & Co undertake id checks for all successful purchasers and tenants where legislation requires us to do so.

    More information

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    Property descriptions and related information displayed on this page are marketing materials provided by - Curchod & Co. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Curchod & Co for full details and further information.

    1. Zoopla
    2. Commercial for sale
    3. Surrey
    4. Camberley
    5. High Street

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