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 26th March 2020
Rent £50,000 per Annum Exclusive
Status Withdrawn Post
Price
Sector Bank
Auction Venue The Montcalm Hotel 2 Wallenberg Place Marble Arch London W1H 7TN
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.
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
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
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent 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 £1,250+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.
