Guildgate House 174 - 184 High Street Crowthorne Berkshire RG45 7AP

Guildgate House
174 - 184 High Street
Crowthorne
Berkshire
RG45 7AP

Freehold Retail and Office Investment (with Planning Consent for change of use of Upper Parts to Residential)

Ground floor tenants trading as Thames Hospice Care, NHS Pharmacy and Sarai Hair & Beauty
Self-contained offices above with Vacant Possession (approx. 6,000 sq ft)
Recent planning consent for change of use from offices to residential
Nearby occupiers include Barclays Bank, Co-Operative Food, Costa and Lidl
Affluent Berkshire commuter town

Lot
43
Auction
9th July 2014
Rent
£49,750 per Annum Exclusive
Status
Sold Post
Price
Auction Venue
The Millennium Hotel
44 Grosvenor Square
London W1K 2HP

Important Update Interested?

Expand
Photos
Map

Freehold Retail and Office Investment (with Planning Consent for change of use of Upper Parts to Residential)

Ground floor tenants trading as Thames Hospice Care, NHS Pharmacy and Sarai Hair & Beauty
Self-contained offices above with Vacant Possession (approx. 6,000 sq ft)
Recent planning consent for change of use from offices to residential
Nearby occupiers include Barclays Bank, Co-Operative Food, Costa and Lidl
Affluent Berkshire commuter town

Lot 43
Auction 9th July 2014
Rent £49,750 per Annum Exclusive
Status Sold Post
Price
Sector
Office
Auction Venue
The Millennium Hotel
44 Grosvenor Square
London W1K 2HP

Property Information

Location

Miles: 4 miles south-west of Bracknell, 17 miles north-west of Guildford
Roads: A322, A331, A329 (M), M3, M4
Rail: Crowthorne Rail Station
Air: Heathrow Airport

Situation

The property is situated on the west side of High Street, the town’s principal retailing thoroughfare, close to its junction with Heath Hill Road South. Other nearby retailers include Co-Operative Food, Costa and Lidl. Crowthorne Library is also located nearby.

Tenure

Freehold.

Location

Miles: 4 miles south-west of Bracknell, 17 miles north-west of Guildford
Roads: A322, A331, A329 (M), M3, M4
Rail: Crowthorne Rail Station
Air: Heathrow Airport

Situation

Tenure

Freehold.

Description

The property comprises retail accommodation on the ground floor (a charity shop, pharmacy and beauty salon) together with two floors of offices above, accessed separately from High Street. The property benefits from undercroft parking.

Planning
Full planning permission (application number 11/00143/FUL) was granted in May 2011 for the conversion of the upper parts to 4 x studios, 4 x one bedroom flats and 4 x two bedroom flats.
In addition consent exists under permitted development rights granted in March 2014 (application number 14/00079/PAC/GPPACZ).

For further information/plans, please see the legal pack.

Contact: Bracknell Forest Council. Tel: 01344 352 000.
Email: customer.services@bracknell-forest.gov.uk

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Reviews/(Reversion)
Ground	Retail	72.65 sq m	(782 sq ft)	THAMES HOSPICE CARE (1)	3 years from 26/12/2011	£9,000	(25/12/2014)
Ground	Retail	86.86 sq m	(935 sq ft)	H.A MCPARLAND LTD (2) (t/a NHS Pharmacy)	10 years 25/12/2010	£10,750	2015
Ground	Retail	145.80 sq m	(1,569 sq ft)	SARAI HAIR & BEAUTY LTD (3)	Two co-terminous leases each for terms of 10 years from 18/12/1013 (4)	£30,000	2018
First/Second	Offices	557.40 sq m	(6,000 sq ft)	VACANT (WITH PLANNING CONSENT)
Totals		862.71 sq m	(9,286 sq ft)			£49,750

(1) Thames Hospice trade from about 13 shops (www.thameshospice.org.uk).
(2) H.A McParland trade from approximately 18 pharmacies including branches in Ascot, Amersham, Bookham and Marlow (www.hamcparland.co.uk).
(3) www.sarai-hair.co.uk
(4) Both leases to Sarai Hair & Beauty Ltd are subject to tenant only break options in December 2018.