Parkfield House, 197 / 205 High Street
Crowthorne
Berkshire
RG45 7AQ

Freehold Retail & Residential Ground Rent Investment

  • Prominent corner freehold
  • Affluent commuter town
  • Comprises 5 shops of which 2 let on long leases
  • 17 flats let on long leases at a ground rent
  • Units 203 & 205 to be let on a new 5 year lease from 25/11/2019 (1)
  • Lot
    39
  • Auction
    11/Dec/2019
  • Rent
    £39,750 per Annum Exclusive
  • Status
    Available
  • Price*
    £425,000
  • Sector
    High Street Retail
  • Auction Venue
    The Montcalm Hotel
    2 Wallenberg Place
    London W1H 7TN
  • On behalf of a Major Fund Manager
Important Auction & Property Update
  • Parkfield House, 197 / 205 High Street<br>Crowthorne<br>Berkshire<br>RG45 7AQ
  • Expand
  • Photos
  • Map

* More information on the term "price" can be found here

Property Information

Location
Miles
2 miles north of Camberley
4 miles south of Wokingham
4 miles south-west of Bracknell
Roads
A312, A3095, M3, M4
Rail
Crowthorne Railway (approx 55 minutes to London Paddington via Reading)
Air
London Heathrow & Gatwick Airports
Situation

Crowthorne is an affluent commuter town on the Surrey/Berkshire border, 4 miles south-west of Bracknell, 2 miles north of Camberley and 3 miles north of the M3. The property is in the town centre, in a prominent location at the junction of High Street and Cambridge Road. Nearby occupiers include Co-op, Costa and Lidl, amongst a number of local traders.

Tenure

Freehold.

Description

The property comprises 5 ground floor shops with 17 flats above. Two of the shops and all the flats have been let on separate long leases.

VAT

VAT is applicable to this lot.

Note

The seller has served notice pursuant to section 5B of the Landlord & Tenant Act 1987 on the residential tenants.

Completion Period

Six Week Completion

EPC

See legal pack at www.acuitus.co.uk

Tenancy & Accommodation

UnitFloorUseFloor Areas (Approx)TenantTermRent p.a.xReview/
(Reversion)
201 High
Street
GroundRetail
41 sq m
(445 sq ft)
KHURANA RETAIL SHOP
LIMITED (2) t/a Mr Wireless
10 years from 03/04/2018 expiring 03/03/2028 (2)£17,50003/04/2023
203 & 205
High Street
GroundRetail
84 sq m
(914 sq ft)
INDIVIDUALS
t/a Re-flection (1)
5 years from 25/11/2019 (1)£18,000 (1)(24/11/2024)
(1)
197 & 199
High Street
GroundRetail
INDIVIDUALS t/a Zappas201 years from 01/01/2004Peppercorn(12/07/2205)
Flats 1-17First &
Second
floors
Residential
17 flats
VARIOUSEach flat - 199 years from
01/01/2004
£4,250 (£250 per flat)(01/01/2203)
Total 201, 203 & 205
High Street
125 sq m
(1,359 sq ft)
  £39,750 

(1) Terms for a new 5 year lease at £18,000 per annum with an option to determine in the 5th year have been agreed and are currently in solicitors hands, due to complete imminently. The tenant will have a 6 month rent free period. The Seller will adjust completion monies so that the unit effectively produces £18,000 per annum from completion of the sale. Option to determine 24/11/2022.
(2) Option to determine 03/04/2023

If you are the successful bidder Acuitus requires a separate payment of £500 plus VAT (£600 inclusive of VAT) buyer's administration charge payable to Acuitus Limited

Property Documents

  • Solicitors Legal Pack
    Updated Date
    05.12.19
    File Size
    60 MB
    Login to View
  • Catalogue Page
    Updated Date
    20.11.19
    File Size
    479 KB
    View PDF
  • Site Plan
    Updated Date
    20.11.19
    File Size
    926 KB
    View PDF
  • Common Auction conditions
    Updated Date
    19.09.19
    File Size
    150 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF
  • Money Laundering Regs
    Updated Date
    19.09.19
    File Size
    36 KB
    View PDF

Contacts

Acuitus
Peter MayoPeter Mayo +44 (0)20 7034 4864 +44 (0)7833 459318Peter.mayo@acuitus.co.uk
Georgina RobertsGeorgina Roberts +44 (0)20 7034 4863 +44 (0)7899 877 224georgina.roberts@acuitus.co.uk
Seller's Solicitors
Fladgate Fielder 16 Great Queen Street
London
WC2B 5DG
Adam Baker 0203 036 7338awbaker@fladgate.com

Useful Links

By clicking the Submit button I confirm that I would like to register my interest in this Property. Please email me updates when they are published.

If you have a query, please fill in the box below, otherwise click the Submit button.

You have 200 character(s) left.

Are you sure you want to remove this property from My Catalogue?

Are you sure you are no longer interested in this property?

Are you sure you want to delete your Account?

Making the buying and selling of property a seamless experience
Everything you need to know whether you are a buyer or sellerHelp Centre
How can Acuitus Finance help you with bridging finance
How can Acuitus Finance help you with bridging financeObtain bridging finance now