229 and 231 London Road and 5 Grand Avenue

Camberley, GU15 3QJ

2,698 sq ft

Mixed Use Investment Opportunity

Summary

Prominent corner frontage
Established local tenants
Retail tenants in occupation since 2017 and 2019
Current income £41,450 per annum with 2 outstanding rent reviews
Freehold

Accommodation

The accommodation comprises the following areas:

Name	sq ft	sq m
Ground - 229 &231 London Road	409	38
Ground - Ground Floor Shop, 231 London Road	481	44.69
Ground - Ground Floor Shop, 5 Grand Avenue	270	25.08
1st - Flat 2, 1 Grand Avenue	1,538	142.88
Total	2,698	250.65

229 and 231 London Road and 5 Grand Avenue - 20251126_112053.jpg

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.

Get directions from Google Maps

Mainline Stations

Camberley

6 mins
Blackwater

23 mins
Frimley

35 mins
Sandhurst (Berks)

46 mins

Underground Station

Twyford

206 mins
Maidenhead

242 mins
Reading

244 mins
Taplow

254 mins

Further Information

Price £500,000 exclusive of VAT.

Rates Payable Upon Enquiry

Estate Charge n/a

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.

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.