68A / 70 High Street and 2 Princess Way Camberley Surrey GU15 3RS

68A / 70 High Street and 2 Princess Way
Camberley
Surrey
GU15 3RS

Freehold Retail Investment

Entirely let to TCCT Retail Limited (t/a Thomas Cook) with guarantee, on a new lease
Prominent corner position on affluent Surrey town High Street
Close to The Mall Shopping Centre
Nearby occupiers include McDonald’s, WH Smith, Santander and Barclays Bank
For the Seller's Legal Pack, please click the Property Documents tab below

Lot
9
Auction
23rd March 2016
Rent
£45,000 per Annum Exclusive
Status
Sold
Price
£645,000
Auction Venue
The Millennium Hotel
44 Grosvenor Square
London W1K 2HP
On the Instructions of a Major Fund Manager

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Freehold Retail Investment

Entirely let to TCCT Retail Limited (t/a Thomas Cook) with guarantee, on a new lease
Prominent corner position on affluent Surrey town High Street
Close to The Mall Shopping Centre
Nearby occupiers include McDonald’s, WH Smith, Santander and Barclays Bank
For the Seller's Legal Pack, please click the Property Documents tab below

Lot 9
Auction 23rd March 2016
Rent £45,000 per Annum Exclusive
Status Sold
Price £645,000
Sector
High Street Retail
Auction Venue
The Millennium Hotel
44 Grosvenor Square
London W1K 2HP
On the Instructions of a Major Fund Manager

Property Information

Location

Miles: 1 mile from M3, 10 miles from the M25, 29 miles from Central London
Roads: M3, M25
Rail: Camberley Rail Station (300 metres)
Air: London Gatwick, London Heathrow

Situation

The property is situated in a prominent corner location on the western side of the High Street at its junction with Princess Way, both of which provide access to The Mall Shopping Centre, which houses occupiers including Primark, New Look, Boots, Burger King and Sainsbury’s. Other nearby occupiers include McDonald’s, WH Smith, Santander and Barclays Bank.

Tenure

Freehold.

Location

Miles: 1 mile from M3, 10 miles from the M25, 29 miles from Central London
Roads: M3, M25
Rail: Camberley Rail Station (300 metres)
Air: London Gatwick, London Heathrow

Situation

Tenure

Freehold.

Description

The property comprises a corner unit benefiting from return frontage, with retail/ancillary accommodation on the ground floor and further ancillary accommodation over first and second floors. In addition, there is self-contained office accommodation over first and second floors, accessed from Princess Way.

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

Unit	Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x.	Reversion
68A/70 High Street	Ground First Second	Retail/Ancillary Ancillary Ancillary	109.72 sq m 27.03 sq m 14.86 sq m	(1,181 sq ft) (291 sq ft) (160 sq ft)	TCCT RETAIL LIMITED (t/a Thomas Cook) (1) (2)	5 years from 24/02/2016 on a full repairing and insuring lease	£45,000 (3)	24/02/2021
2 Princess Way	First Second	Office Office	57.32 sq m 45.71 sq m	(617 sq ft) (492 sq ft)	TCCT RETAIL LIMITED (t/a Thomas Cook) (1) (2)		£45,000 (3)	24/02/2021
Totals			254.64 sq m	(2,741 sq ft)			£45,000 (3)

(1) The lease is guaranteed by Thomas Cook Group UK Limited. Started in 1841, Thomas Cook Group is the oldest and best known name in leisure travel with 23 million customers every year. The group is supported by approximately 27,000 employees and operates from 17 countries. (Source: www.thomascook.com 23/02/2016)
(2) The Tenant has sublet 2 Princess Way which is currently trading as Lee & Company Solicitors.
(3) For the purpose of clarification, TCCT Retail Limited will benefit from a 6 month rent free period from 25/03/2016 expiring on 24/09/2016. The seller has agreed to adjust the completion monies so that the unit will effectively produce £45,000 p.a.x. from completion of the sale.