Nearby occupiers include Dreams Beds, KFC and Halifax Bank
Affluent Surrey town
Additional income from car parking spaces at rear
Lot 54
Auction 18th October 2011
Rent £39,300 per Annum Exclusive
Status Sold
Price £350,000
Sector High Street Retail
Auction Venue Millennium Hotel 44 Grosvenor Square London W1K 2HP
Property Information
Location
Miles
1 mile from M3, 10 miles from the M25, 29 miles from Central London
Roads
M3, M25
Rail
Camberley Rail Station, 300 metres
Air
London Gatwick, London Heathrow
Situation
The property is situated on the High Street, in an established retail area. Nearby occupiers include McDonald's, Santander, W H Smith and KFC. The Mall Camberley Shopping Centre is located approximately 100 metres from the property with occupiers including Waterstones, Burger King and HMV.
Tenure
Freehold.
Location
Miles
1 mile from M3, 10 miles from the M25, 29 miles from Central London
Roads
M3, M25
Rail
Camberley Rail Station, 300 metres
Air
London Gatwick, London Heathrow
Situation
The property is situated on the High Street, in an established retail area. Nearby occupiers include McDonald's, Santander, W H Smith and KFC. The Mall Camberley Shopping Centre is located approximately 100 metres from the property with occupiers including Waterstones, Burger King and HMV.
Tenure
Freehold.
Description
The property comprises a ground floor retail unit with a one bedroom flat and a two storey masionette above, together with 8 parking spaces to the rear.
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 ground floor retail unit with a one bedroom flat and a two storey masionette above, together with 8 parking spaces to the rear.
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
Shop x 3 car parking spaces
52.74 sq m
568 sq ft
SAXON INVESTMENTS LIMITED (t/a Martin & Co) (1)
10 years from 26/03/2010
£18,000
26/03/2015 (2)
Flat 1
Residential x 1 car parking space
37.47 sq m
403 sq ft
PETER KNOTT (3)
6 month AST from 09/04/2011
£8,100
Flat 2
Residential x 1 car parking space
60.98 sq m
656 sq ft
BRUCE CHESSER AND JOANNE KIERNAN (4)
12 month AST from 02/04/2011 (5)
£8,400
Rear Area
3 car parking spaces held under licence
COUNTRYWIDE ESTATE AGENTS
From month to month
£4,800 + VAT (6)
Totals
151.19 sq m
(1,627 sq ft)
£39,300 (7)
(1) The lease is personally guaranteed by Giles Mugford and Emilie Mugford and also by Anderson Surveys Limited under an Authorised Guarantee Agreement. There is also a Rent Deposit of £10,800. (2) The lease provides for an option to determine on the 26th March 2015 subject to 6 months' prior notice being given. (3) There is a rent deposit of £1,013. (4) There is a rent deposit of £1,050. (5) There is a mutual option to determine on 60 days prior notice. (6) The licence can be determined by either party giving to the other not less than one calendar month's previous notice in writing. (7) The rent is displayed as an annualised sum.