Entirely let to American Golf Discount Centre Limited on a 25 year lease until 2026
Prominent position on main road (A30)
Approximate site area of 0.125 hectares (0.31 acres) providing car parking for approximately 17 cars
Lot 32
Auction 11th December 2014
Rent
Status Sold
Price £980,000
Sector High Street Retail
Auction Venue The Millennium Hotel 44 Grosvenor Square London W1K 2HP
Property Information
Location
Miles
5 miles north of Farnborough, 9 miles north-west of Woking, 19 miles south-west of Reading
Roads
A325, A322, A30, M3 (Junction 3)
Rail
Bagshot Railway Station, Camberley Railway Station
Air
London Heathrow
Situation
The property is situated less than 1 mile to the north-east of Camberley town centre on the roundabout at the intersection of the A30 (Chandon Road) and A325 (Portsmouth Road). There are a number of golf clubs located in the surrounding area with Fitness First and Falcon Fitness Camps also nearby.
Tenure
Freehold.
Location
Miles
5 miles north of Farnborough, 9 miles north-west of Woking, 19 miles south-west of Reading
Roads
A325, A322, A30, M3 (Junction 3)
Rail
Bagshot Railway Station, Camberley Railway Station
Air
London Heathrow
Situation
The property is situated less than 1 mile to the north-east of Camberley town centre on the roundabout at the intersection of the A30 (Chandon Road) and A325 (Portsmouth Road). There are a number of golf clubs located in the surrounding area with Fitness First and Falcon Fitness Camps also nearby.
Tenure
Freehold.
Description
The property comprises a large ground floor retail unit with basement storage and ancillary accommodation on the first floor.
Planning permission has been granted for the erection of a single storey side extension, installation of an air conditioning unit and changes to the car parking layout – for more information go to http://www.surreyheath.gov.uk (Ref: 12/0855). The property also benefits from a site area of approximately 0.125 hectares (0.31 acres) providing 17 car parking spaces.
Six Week Completion
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a large ground floor retail unit with basement storage and ancillary accommodation on the first floor.
Planning permission has been granted for the erection of a single storey side extension, installation of an air conditioning unit and changes to the car parking layout – for more information go to http://www.surreyheath.gov.uk (Ref: 12/0855). The property also benefits from a site area of approximately 0.125 hectares (0.31 acres) providing 17 car parking spaces.
Six Week Completion
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Reviews
Ground Basement First
Retail Storage Ancillary
258.00 sq m 20.25 sq m 47.00 sq m
(2,777 sq ft) (218 sq ft) (506 sq ft)
AMERICAN GOLF DISCOUNT CENTRE LIMITED (1)
25 years from 03/10/2001 until 02/10/2026 on a full repairing and insuring lease (2)
£69,500
02/10/2011 and five yearly
Totals
325.25 sq m
(3,501 sq ft)
£69,500
(1) For the year ending 7th January 2013, American Golf Discount Centre Limited reported a turnover of £97,336,000, pre-tax profits of £4,672,000 and a total net worth of £18,407,000. (Source: www.riskdisk.com 10/11/2014) (2)The lease is subject to a Schedule of Condition.