29 High Street Camberley Surrey GU15 3RE

29 High Street
Camberley
Surrey
GU15 3RE

Prominent Freehold Bank Investment

Let to HSBC Bank Plc
Tenant break option in 2016 not exercised
Directly opposite entrance to The Mall Shopping Centre
Nearby retailers include McDonald's, WHSmith, Waterstones, Costa Coffee, TK Maxx and Wilko
Future potential to convert upper parts to residential (subject to lease and consents)
VAT-free investment
Popular Surrey commuter town

Lot
26
Auction
26th March 2020
Rent
£50,000 per Annum Exclusive
Status
Withdrawn Post
Price
Auction Venue
The Montcalm Hotel
2 Wallenberg Place
Marble Arch
London W1H 7TN

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Prominent Freehold Bank Investment

Let to HSBC Bank Plc
Tenant break option in 2016 not exercised
Directly opposite entrance to The Mall Shopping Centre
Nearby retailers include McDonald's, WHSmith, Waterstones, Costa Coffee, TK Maxx and Wilko
Future potential to convert upper parts to residential (subject to lease and consents)
VAT-free investment
Popular Surrey commuter town

Lot 26
Auction 26th March 2020
Rent £50,000 per Annum Exclusive
Status Withdrawn Post
Price
Sector
Bank
Auction Venue
The Montcalm Hotel
2 Wallenberg Place
Marble Arch
London W1H 7TN

Property Information

Location

Miles: 15 miles south-east of Reading; 30 miles south-west of London
Roads: A331, M3
Rail: Camberley
Air: London Heathrow

Situation

Camberley is a well established office and retail centre, situated on the western edge of Surrey, some 15 miles south-east of Reading and 30 miles south-west of London. The town benefits from excellent transport communications, being just three miles north of Junction 4 of the M3, as well as regular rail services to London Waterloo. The property is very well located in a prominent corner position on the east side of High Street, opposite the entrance to the The Mall Camberley Shopping Centre. Nearby retailers include McDonald's, WHSmith, Waterstones, Costa Coffee, TK Maxx and Wilko.

Tenure

Freehold.

Location

Miles: 15 miles south-east of Reading; 30 miles south-west of London
Roads: A331, M3
Rail: Camberley
Air: London Heathrow

Situation

Tenure

Freehold.

Description

The property is arranged on ground and two upper floors. The ground floor provides a banking hall, with office accommodation on the first floor and a staff room on the second floor. The property benefits from a small yard to the rear accessed via Bissingen Way which provides parking for two cars.

VAT

VAT is not applicable to this lot.

EPC

Available from the legal pack at www.acuitus.co.uk

Description

VAT

VAT is not applicable to this lot.

EPC

Available from the legal pack at www.acuitus.co.uk

Tenancy & Accommodation

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x.
Ground First Second	Banking Hall Offices/Ancillary Ancillary	160.81 sq m 79.03 sq m 18.50 sq m	(1,731 sq ft) (851 sq ft) (199 sq ft)	HSBC BANK PLC (1)	15 years from 02/08/2006 until 01/08/2021 on a full repairing and insuring lease (2)	£50,000
Total		258.34 sq m	(2,781 sq ft)			£50,000

(1) For the year ending 31st December 2018, HSBC Bank Plc reported a turnover of £5,407,000,000, pre-tax profits of £1,974,000,000 and a total net worth of £24,252,000,000 (source: Experian Group 14/02/2020).
(2) The lease is full repairing and insuring, subject to a schedule of condition. At the end of the lease, the tenant has an option to take a new 15 year lease on the same terms, with a rent review on the second day of the term.

If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.