29 High Street
Camberley
Surrey
GU15 3RE

Prominent Freehold Bank Investment

  • Let to HSBC Bank Plc
  • Tenant break option in 2016 not exercised
  • Directly opposite entrance to The Mall Shopping Centre
  • Nearby retailers include McDonald's, WHSmith, Waterstones, Costa Coffee, TK Maxx and Wilko
  • Future potential to convert upper parts to residential (subject to lease and consents)
  • VAT-free investment
  • Popular Surrey commuter town
  • Lot
    26
  • Auction
    26/Mar/2020
  • Rent
    £50,000 per Annum Exclusive
  • Status
    Contact Us
  • Price*
  • Sector
    Bank
  • Auction Venue
    The Montcalm Hotel
    2 Wallenberg Place
    Marble Arch
    London W1H 7TN
  • 29 High Street<br>Camberley<br>Surrey<br>GU15 3RE
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* More information on the term "price" can be found here

Property Information

Location
Miles
15 miles south-east of Reading
30 miles south-west of London
Roads
A331, M3
Rail
Camberley
Air
London Heathrow
Situation

Camberley is a well established office and retail centre, situated on the western edge of Surrey, some 15 miles south-east of Reading and 30 miles south-west of London. The town benefits from excellent transport communications, being just three miles north of Junction 4 of the M3, as well as regular rail services to London Waterloo. The property is very well located in a prominent corner position on the east side of High Street, opposite the entrance to the The Mall Camberley Shopping Centre. Nearby retailers include McDonald's, WHSmith, Waterstones, Costa Coffee, TK Maxx and Wilko.

Tenure

Freehold.

Description

The property is arranged on ground and two upper floors. The ground floor provides a banking hall, with office accommodation on the first floor and a staff room on the second floor. The property benefits from a small yard to the rear accessed via Bissingen Way which provides parking for two cars.

VAT

VAT is not applicable to this lot.

EPC

Available from the legal pack at www.acuitus.co.uk

Tenancy & Accommodation

FloorUseFloor Areas (Approx)TenantTermRent p.a.x.
Ground
First
Second
Banking Hall
Offices/Ancillary
Ancillary
160.81 sq m
79.03 sq m
18.50 sq m
(1,731 sq ft)
(851 sq ft)
(199 sq ft)
HSBC BANK
PLC (1)
15 years from
02/08/2006 until
01/08/2021 on a full
repairing and insuring
lease (2)
£50,000
Total
258.34 sq m
(2,781 sq ft)
  £50,000

(1) For the year ending 31st December 2018, HSBC Bank Plc reported a turnover of £5,407,000,000, pre-tax profits of £1,974,000,000 and a total net worth of £24,252,000,000 (source: Experian Group 14/02/2020).
(2) The lease is full repairing and insuring, subject to a schedule of condition. At the end of the lease, the tenant has an option to take a new 15 year lease on the same terms, with a rent review on the second day of the term.

If you are the successful bidder, Acuitus requires a separate payment of £1,000 inclusive of VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.

Due to the current restrictions in movement throughout the UK, the property may not have been inspected by Acuitus. Some photographs may not be current and these will be dated where this is the case. Plans showing nearby occupiers and mention of nearby occupiers may reflect a dated situation as some tenants are not currently in occupation. Floor areas and accommodation details are likely to have been obtained from VOA.Gov.UK and the Vendor.

Property Documents

  • Solicitors Legal Pack
    Updated Date
    20.03.20
    File Size
    7 MB
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  • Catalogue Page
    Updated Date
    04.03.20
    File Size
    934 KB
    View PDF
  • Site Plan
    Updated Date
    04.03.20
    File Size
    936 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
    20.05.20
    File Size
    694 KB
    View PDF
  • Customer Due Dilligence Form
    Updated Date
    20.05.20
    File Size
    585 KB
    View PDF

Contacts

Acuitus
David MargolisDavid Margolis +44 (0)20 7034 4862 +44 (0)7930 484 440david.margolis@acuitus.co.uk
George GoucherGeorge Goucher +44 (0)20 7034 4860george.goucher@acuitus.co.uk
Seller's Solicitors
Child and Child Nova North , 11 Bressenden Place
London
SW1E 5BY
Shinead Wilson 0207 201 1898Shineadwilson@childandchild.co.uk

Useful Links

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