Crown House comprises an office building that has been refurbished has been consented and let to a Special Needs School while Church Court comprises 2 ground floor E Class units, one let as retail, the second is also let to The School. Separately accessed on the ground floor there are four flats arranged on first and second floor levels above. Each flat has an allocated car space at the rear. 3 are sold off while the 4th has been refurbished and has been let on an AST.
The ground leases of the flats may need to be extended providing an opportunity to make a capital gain.
Location
Church House & Crown House are located in a prominent position fronting High Street at its junction with Manor Farm Lane and Hummer Road opposite St John the Baptist Church and set amongst a mixture of commercial and retail uses. The town has attracted occupiers such as Gartner, ADP, Belron and Future Electronics. The town is also home to the well-regarded Royal Holloway University of London with circa 11,500 students, which has spawned several embryonic companies through its research facilities.
Egham provides a range of shops with multiples including Waitrose, Tesco, Boots, Cafe` Nero, Holland & Barrett and Specsavers along with independent operators, Bank, Post Office etc. all of which are close to hand. The town has recently been enhanced by the new Magna Square development which incorporates an Everyman Cinema, Budgens, Liberto Lounge and Starbucks.
The town enjoys excellent access to the A30 and M25 at J13 both of which are less than 1 mile from the property. Egham Station is a short walk away and provides a frequent service to London Waterloo and Reading. Heathrow Airport lies approximately 3 miles to the north.
Accommodation
Planning - Prior to the School letting, the vendor had obtained planning permission in 2023 for the conversion and extension of the office building to provide 9 additional flats. The School has subsequently obtained permission for their F Class use.
Crown House - 137/139 High Street - 2,983 sq ft
135 High Street - 876 sq ft
133 High Street - 460 sq ft
1-4 Church Court - Headlease
Flat 3 Church Court - 750 sq ft
Terms
Terms - The property is offered for sale Freehold with the benefit of the existing tenancies on the attached schedule. The tenancy schedule has been prepared using information supplied by the owner.
Price - Upon application.
Legal Costs - The purchaser is to be responsible for both parties’ legal costs incurred in the transaction.
Value Added Tax - VAT will be payable at the prevailing rate.
Tenancy Schedule - See attached schedule for information.
Specification
- Town centre location close to all amenities, on site car parking
- Close to Railway Station/ bus routes, good access to M25/J 13 & Heathrow
- Affluent Surrey Town with large office base and University
- Majority let to F Class School +1 E Class unit + Residential
- 4 residential flats, 3 sold on ground-leases, 1 let on AST
- Currently producing £150,880pax