229 and 231 London Road and 5 Grand Avenue, Camberley, GU15 3QJ

Description
The premises comprise a detached three storey property of brick construction under a tiled roof. The property comprises three ground floor retail units and two residential units to the upper parts. Externally, there is a tarmac car park.

Location
The premises occupies a prominent corner position fronting Grand Avenue and London Road (A30). This is a busy thoroughfare road between
Sandhurst, Frimley and Camberley.

The premises are opposite Places Leisure Centre Camberley and other nearby occupiers include Premier Inn and Primark as well as many other local and national retailers / F&B occupiers. Camberley railway station is approximately 0.4 miles distant from the premises.

Terms
We have been instructed to market the freehold interest at a price of £500,000 (Five Hundred Thousand Pounds), subject to contract and exclusive of VAT.

A purchase at this level reflects a net initial yield of 7.92% after deducting purchaser’s costs of 4.7%.

Tenancies
Please refer to the tenancy schedule at the end of marketing brochure.

Total Income is £41,450 per annum and there are 2 outstanding rent reviews.

Legal Costs
Each party to be responsible for their own legal costs incurred in the
transaction.

AML
In accordance with Anti-Money Laundering requirements, two forms of
identification will be required from the purchaser and any beneficial owner
together with evidence/ proof identifying the source of funds being relied
upon to complete the transaction.

Tenure
Freehold - Title Number SY417812

VAT
Our client has confirmed that the property is not elected for VAT.