Office for sale26 High Street,Camberley,GU15 3RS
Under Offer 1,887 sq. ft. | £390,000
- 1,887 sq ft (175 sq m)
- PROMINENT TOWN CENTRE LOCATION
- WELL ESTABLISHED PROFESSIONAL OFFICE LOCATION
- GROUND FLOOR LET TO CHANCELLORS ESTATE AGENTS
- POTENTIAL TO DEVELOP THE TWO UPPER FLOORS INTO TWO RESIDENTIAL FLATS (s to p)
The premises are set in a busy High Street location, with neighbours including WH Smiths, McDonalds, KFC, Robert Dyas, plus you are a few minutes' walk to Main Square Shopping Centre where the occupiers cover most of the spectrum of household name retailers.
A well known three storey character imposing building, set within a busy part of the High Street Camberley. The property on the ground floor is let to Chancellors Estate Agents, and the upper floors are currently let Chancellors & Sons (a separate company from the ground floor) at a discounted rent, although Chancellors & Sons (upper floor tenant) have plans to relocate from the premises which will afford vacant possession to the upper parts. Our client's architect have drafted plans showing a proposed residential scheme on the upper parts.
The premises are arranged on the first and second floors, with approximate measurements
Ground Floor (net useable area) 644 ft² 61.68 m²
First Floor (net useable area) 595 ft² 55.25 m²
Second Floor (net useable area) 628 ft² 58.38 m²
Total 1,887 ft² 175.30 m²
The ground floor of the premises are let to The Chancellors Group of Estate Agents Limited for a period of 10 years from and including 25th March 2013. There are tenant break clauses subject to a minimum of 6 months written notice on the 25th March 2017 and 25th March 2019. The rent is passing at £18,500 pax. The lease includes the 4 parking spaces at the back of the building.
The two upper floors of the premises are currently let to Chancellor & Sons (a separate company from the ground floor tenant) on a tenancy where the tenant pays a discounted rent of £2,275 pax, although we understand the tenant has plans to relocate from the premises in the near future, which will leave the upper floors of the premises with vacant possession. Please note that we understand the tenant has no rights to re-new, but a fair notice period to be served if the landlord requires them to leave.
The freehold interest of the property is available to purchase for "Offers in the Region of £390,000" sold with the ground floor occupational lease and the tenancy on the two upper floors in place.
The ground floor of the premises have a Rateable Value of £30,000 giving rates payable of approximately £14,910.
The upper floors of the premises have a Rateable Value of £8,500 giving rates payable of approximately £4,224.
Each party to bear their own legal costs in the matter.
We understand from our clients that VAT has not been elected on the premises (ie it is not chargeable).
24 HIGH STREET CAMBERLEY
Please note that our clients also own next door 24 High Street where the ground
Floor is to be sold with vacant possession. Unlike 26 the two upper floors have been converted to flats and have been sold off on long ground leases. For further information please contact David Savage at Clare and Company.
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