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144 Frimley Road, Camberley, GU15 2QN
1,400 Sq Ft / Retail / Investment
Withdrawn - Last updated: 25 September 2023
Summary
The property comprises a ground floor lock up shop, with first floor flat accessed separately from the rear via an external staircase.
The ground floor is let to Coral Racing Ltd on a 10 year lease from 9th January 2014, at a current passing rent of £13,250 per annum exclusive. The lease is for the ground floor only. There is a external rear access to the vacant first floor flat. The flat has not been occupied for some time and as such requires full refurbishment for any letting or sale.
The flat comprises 1 bedroom, living room, kitchen and bathroom with separate WC. There is also an attic space, where there may be potential to create further living accommodation, subject to planning/building regulations approval.
Key Points
- Shop and flat investment
- Busy main road location.
- Ground floor occupied by Coral Racing Ltd at a rent of £13,250 pax.
- Coral have a 10 year lease from January 2014, expiring in Jan 2024. Inside the L&T Act 1954. 5th year rent review.
- Let on an effective FRI lease. Coral liable for a proportion of external repairs incl roof.
- Flat is fully vacant and not leased to Coral, with separate access.
Viewings
Strictly by appointment only via sole agents - Hurst Warne
01483 723344
Location
The unit fronts Frimley Road, and as such occupies a busy roadside location. Frimley Road connects the centre of Frimley to the south and Camberley town centre to the north east. The subject property is located 1 mile equidistant from these centres.
Along Frimley Road there is a good mix of established independent retailers, together with take away/food uses. Immediately to the west of Frimley Road are several industrial estates and to the east some office buildings, establishing good day time trading conditions.
Terms
The property is offered freehold (subject to the lease to Coral on the ground floor and vacant possession of the 1st floor flat). Offers invited in the region of £325,000 ( three hundred and twenty five thousand pounds) .
We understand the owner has not elected to waive exemption from VAT.
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