Freehold Retail & Office Investment in Affluent Commuter Town
Prominent town centre position directly opposite The Atrium Shopping Centre and some 25 metres from The Mall Shopping Centre housing over 90 occupiers including House of Fraser and Primark
Nearby occupiers include Laura Ashley, Next, NatWest Bank and Pizza Express
Active management opportunities
Six Week Completion Period Available
Lot 36
Auction 26th May 2011
Rent £64,052 per Annum Exclusive
Status Sold
Price £600,000
Sector High Street Retail
Auction Venue Millennium Hotel 39-44 Grosvenor Square London W1K 2HP
Freehold Retail & Office Investment in Affluent Commuter Town
Prominent town centre position directly opposite The Atrium Shopping Centre and some 25 metres from The Mall Shopping Centre housing over 90 occupiers including House of Fraser and Primark
Nearby occupiers include Laura Ashley, Next, NatWest Bank and Pizza Express
Active management opportunities
Six Week Completion Period Available
Lot 36
Auction 26th May 2011
Rent £64,052 per Annum Exclusive
Status Sold
Price £600,000
Sector High Street Retail
Auction Venue Millennium Hotel 39-44 Grosvenor Square London W1K 2HP
On behalf of <br />A Major Corporate
Property Information
Location
Miles
38 miles south-west of Central London, 20 miles south-east of Reading, 14 miles north-west of Guildford
Roads
A30, A331, M3 (Junction 4)
Rail
Camberley Railway Station (London Waterloo)
Air
Heathrow Airport, Gatwick Airport
Situation
The property is situated in a prominent town centre position on the pedestrianised Park Street, directly opposite The Atrium Shopping Centre housing occupiers such as Starbucks, Prezzo, Wagamama and Chiquito as well as Bowlplex Bowling Alley and Vue Cinema, and some 25 metres from The Mall Shopping Centre housing over 90 stores including House of Fraser and Primark. Other nearby occupiers include Laura Ashley, Next, NatWest Bank and Pizza Express.
Tenure
Freehold.
Location
Miles
38 miles south-west of Central London, 20 miles south-east of Reading, 14 miles north-west of Guildford
Roads
A30, A331, M3 (Junction 4)
Rail
Camberley Railway Station (London Waterloo)
Air
Heathrow Airport, Gatwick Airport
Situation
The property is situated in a prominent town centre position on the pedestrianised Park Street, directly opposite The Atrium Shopping Centre housing occupiers such as Starbucks, Prezzo, Wagamama and Chiquito as well as Bowlplex Bowling Alley and Vue Cinema, and some 25 metres from The Mall Shopping Centre housing over 90 stores including House of Fraser and Primark. Other nearby occupiers include Laura Ashley, Next, NatWest Bank and Pizza Express.
Tenure
Freehold.
Description
The property comprises two ground floor retail units with three self-contained office suites on first and second floors, accessed from Park Street. The property also benefits from a service yard and car parking to the rear, accessed from Albert Road.
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises two ground floor retail units with three self-contained office suites on first and second floors, accessed from Park Street. The property also benefits from a service yard and car parking to the rear, accessed from Albert Road.
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
Ground 67/69
Industrial
209.8 sq m
(2,259 sq ft)
ACTION BIKES LIMITED (t/a Cycle Store) (1)
5 years from 13/11/2009
£34,000
13/11/2014
Ground 73
Retail
89.6 sq m
(964 sq ft)
K MELNYK (t/a The Professional Tanning Studio) (2)
10 years from 21/10/2004
£22,000
25/10/2014
First (Suite 1)
Office
116.3 sq m
(1,252 sq ft)
SPRING PERSONNEL LIMITED (3)
3 years from May 2011 (4)
£8,052
05/2014
Second (Suite 2)
Office
55.6 sq m
(598 sq ft)
VACANT POSSESSION
Second (Suite 3)
Office
26.7 sq m
(287 sq ft)
VACANT POSSESSION
Totals
498.0 sq m
(5,360 sq ft)
£64,052
(1) Action Bikes stock mountain, BMX, racing, hybrid/town, trail, juniors trails and slalom cycles and also deal in electric power assisted cycles. (Source: www.westsurreyctcda.org.uk 27/04/2011) (2) The Professional Tanning Studio are founder members of The Sunbed Association and offer the very latest high powered sunbeds and private spray tan booths with professional fully trained staff currently operating from three branches in England. (Source: www.tanningstudios.co.uk 27/04/2011) (3) Spring Personnel is the largest local recruitment agent and specialises in all aspects of office-based and industrial recruitment operating from over 50 branches throughout the UK (Source: www.springpersonnel.com 27/04/2011) (4) Under the terms of the lease, the tenant has an option to determine on the first and second anniversary of the term, upon 6 months' prior written notice.
