Retail Property (high street) for sale

199-205 High Street, Crowthorne, Berkshire, RG45

1,351 sq. ft. | POA

Property Description

Commercial information

  • 1,351 sq ft (125 sq m)
  • Use class orders: A1 Shops

Key features

  • 16 flats producing a ground rent of 4,000 p.a.
  • 3 retail units with potential income of 51,500 p.a.
  • 12 months of rental guarantee on the 3 vacant retail units.
  • Building constructed in late 2004.
  • Prominent High Street Corner Location.
  • Large car park to the rear and under-croft.
  • Potential to let shops individually or combined.

Full description

Description

The property was constructed in late 2004, and comprises 16 residential flats on first and second floors with 4 retail units beneath. The shops are largely open plan with disabled WC's and a kitchen or store room to the rear. The vacant retail units offer the potential of being combined. There is a large car park to the rear with allocated parking for the flats and shops and ample room for rear loading.

Location

The property is located in a prime corner position in the centre of Crowthorne High Street. Crowthorne is a large village in an affluent area of Berkshire, home to the famous boarding school Wellington College. Crowthorne Railway Station is about 1 mile from the property with services to Reading and Guildford. Junction 4 of the M3 is approximately 4 miles drive and Junction 10 of the M4 is approximately a 6 mile drive.
Other local occupiers on the High Street include Barclays Bank, Lidl Supermarket, Don Beni's Restaurant, The Co-operative supermarket, HSBC, Coral Bookmakers, Romans Estate Agents, Nationwide Bank and Costa Coffee.

Accommodation

Areas  Imperial  MetricParking  
16 Flats    21  
Unit 199    2  
Unit 201  445 sq.ft  6.0 X 8.3m2  
Unit 203  442 sq.ft  5.73 X 8.3m3  
Unit 205  464 sq.ft  5.74 X 8.3m2  

EPC

Unit 199 - D - 84
Unit 201 - C - 64
Unit 203 - C - 59
Unit 205 - C - 51

Leases

The 16 residential flats are sold off on 999 year long leaseholds at a ground rent of 250 per flat per annum.
Unit 199 is let to Zappas Salon on a 999 year long leasehold at a peppercorn rent.
Retail units 201 - 205 are currently vacant but offer a potential income of 51,500 per annum exclusive or could also be sold off on long leaseholds.

Terms

Offers for the Freehold are invited in the region of 750,000
The Vendor to provide a rental guarantee of 12 months for the 3 vacant retail units.

Business Rates
Vacant Units  Rateable Value  Business Rates Payable (2016/2017)
Unit 201   7300  3533.2
Unit 203   7300  3533.2
Unit 205  7700  3726.8

(Small business relief could reduce these figures significantly. Please check these figures with the local authority).

More information from this agent

Nearest stations

  • Crowthorne (1.1 mi)
  • Sandhurst (1.6 mi)
  • Blackwater (2.6 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Page Hardy Harris Ltd, Bracknell

Premier Gate, Easthampstead Road, Bracknell, RG12 1JS

01344 588084 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Crowthorne (1.1 mi)
  • Sandhurst (1.6 mi)
  • Blackwater (2.6 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Page Hardy Harris Ltd, Bracknell

Premier Gate, Easthampstead Road, Bracknell, RG12 1JS

01344 588084 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference 199_205HighSt_RG457AQ. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Page Hardy Harris Ltd, Bracknell. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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