36-48 High Street & 1-4 Hale Way
Frimley
Surrey
GU16 7JF

Freehold Retail Parade and Residential Investment with Residential Planning consent

  • Substantial Unbroken Corner Retail Parade
  • Includes 5 retail Units, 4 Maisonettes, 4 Recently Converted Flats and Rear Parking
  • Affluent Surrey Location
  • Planning Consent Granted to Develop 4 Additional Self Contained Flats on Car Park
  • Nearby Occupiers Include Waitrose Supermarket, Boots Opticians, Lloyds Pharmacy, Subway and Various Independent Restaurants and Pubs.
  • Lot
    7
  • Auction
    24/Sep/2021
  • Rent
    £168,830 per Annum Exclusive
  • Status
    Available
  • Price*
    Contact Us
  • Sector
    High Street Retail/Residential/Development
  • Auction Venue
    Live Streamed Auction
  • 36-48 High Street & 1-4 Hale Way, Frimley, Surrey, GU16 7JF
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  • Photos
  • Map

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

Property Information

Location
Miles
29 miles south east of Central London
8 miles north west of Guildford
Roads
M3, A331, A325
Rail
Frimley Train Station
Air
London Heathrow Airport,
London Gatwick Airport
Situation

The affluent Surrey town of Frimley is located approximately 29 miles south east of Central London and benefits from a 1 hour direct train journey to London Waterloo. The property occupies a prominent position in the main commercial area in Frimley town centre at the junction of High Street and Hale Way, just 250 metres from Frimley Train Station. Nearby occupiers include Waitrose Supermarket, Boots Opticians, Lloyds Pharmacy, Subway and various independent restaurants and pubs.

Tenure

Freehold.

Description

The property comprises a substantial unbroken retail parade of 5 ground floor retail units, 4 x three bedroom self contained maisonettes on the first and second floors as well as 4 recently converted flats.

The property also benefits from car parking and a block of five garages to the rear of the property upon which planning consent has been granted under reference number 21/0510/FFU by Surrey Heath Borough Council to redevelop to a form a new apartment block comprising 4 self contained flats configured over ground and first floors. See legal pack for further details.

VAT

VAT is not applicable to this lot.

Planning

Planning consent has been granted by Surrey Heath Borough Council under reference number 21/0510/FFU for the erection of an apartment building to provide 4 self-contained dwellings together with associated parking and landscaping, following the demolition of existing garage buildings. See legal pack for further details.

Completion Period

Six week completion

EPC

See legal pack.

Tenancy & Accommodation

UnitUseFloorFloor Areas (Approx)TenantTermRent p.a.xReview/
(Reversion)
38 to 40RetailGround
121.40 sq m
(1,306 sq ft)
CBD KITCHENS
LIMITED (1)
5 years from
16/11/2020
£30,000(15/11/2025)
3 parking
spaces
  
CBD KITCHENS
LIMITED (1)
5 years and 3 days
from 13/11/2020
£750(15/11/2025)
42RetailGround
70.90 sq m
(763 sq ft)
VACANT
POSSESSION
   
44RetailGround
67.72 sq m
(729 sq ft)
SJ HOLLOWAY
AND SONS
LIMITED (2)
5 years from
30/03/2017
£21,000(29/03/2022)
46RetailGround
63.64 sq m
(685 sq ft)
TWO INDIVIDUALS
(3)
10 years from
06/09/2016
£19,00006/09/2022
(05/08/2026)
48RetailGround
70.72 sq m
(761 sq ft)
INDIVIDUAL with a
Personal
Guarantee (4)
20 years from
09/03/2016
£19,50009/03/2026
09/03/2031
(08/03/2036)
42a3 bedroom
maisonette
First and
Second
97.00 sq m
(1,044 sq ft)
INDIVIDUALLet on an Assured
Shorthold Tenancy
Agreement for 1 year
from 16/12/2020
£10,020(15/12/2021)
44a3 bedroom
maisonette
First and
Second
97.00 sq m
(1,044 sq ft)
VACANT
POSSESSION
   
46a3 bedroom
maisonette
plus 2 car
parking
spaces (6)
First and
Second
97.00 sq m
(1,044 sq ft)
INDIVIDUALSLet on an Assured
Shorthold Tenancy
Agreement for 1 year
from 01/02/2021
£9,600(31/01/2022)
48a3 bedroom
maisonette
First and
Second
97.00 sq m
(1,044 sq ft)
INDIVIDUALSLet on an Assured
Shorthold Tenancy
Agreement for 1 year
from 10/02/2021
£13,500(09/02/2022)
1, 1A Hale
Way
1 bedroom
flat and 1
car parking
space (6)
 
30.00 sq m
(323 sq ft)
INDIVIDUALLet on an Assured
Shorthold Tenancy
Agreement for 1 year
and 1 month from
26/06/2021
£8,700(25/07/2022)
2, 1A Hale
Way
3 bedroom
flat
 
79.00 sq m
(850 sq ft)
INDIVIDUALSLet on an Assured
Shorthold Tenancy
Agreement for 1 year
from 13/10/2020
£12,600(12/10/2021)
3, 1A Hale
Way
1 bedroom
flat and 1
car parking
space (6)
 
30.00 sq m
(323 sq ft)
INDIVIDUALLet on an Assured
Shorthold Tenancy
Agreement for 1 year
from 31/07/2021
£9,000(30/07/2022)
4, 1A Hale
Way
3 bedroom
flat
 
79.00 sq m
(850 sq ft)
INDIVIDUALSLet on an Assured
Shorthold Tenancy
Agreement for 1 year
from 31/10/2020
£12,600(30/10/2021)
5 x Garages  
VACANT
POSSESSION
   
Rear of
number 48
Motorcycle
Store
 
INDIVIDUAL15 years 11 months
and 28 days from
10/03/2020
£1,000(08/03/2036)
Total Floor Area
1,000.38 sq m
(10,766 sq ft)(5)  £168,830 with 1 shop and 1 flat to be let (6) 

(1) CBD Kitchens Limited is 'the appointed on-line reseller for Caple Kitchen & Bedroom Furniture, Kitchen Appliances & Accessories' (www.cbdkitchens.com). The Seller is holding a rent deposit of £7,500.
(2) As to unit 44, the Seller is holding a rent deposit of £5,250.
(3) As to unit 46, the Seller is holding a rent deposit of £12,920. The tenants have made an application to assign the lease into the name of one of the tenants.
(4) As to unit 48, the Seller is holding a rent deposit of £5,625. The personal guarantee is by another individual.
(5) The commercial floor areas stated above are those published by the Valuation Office Agency at www.voa.gov.uk.
(6) As to unit 46a, the tenant has a license on 2 car parking spaces at a total rent of £60 pcm. As to unit 1, 1A Hale Way the tenant has a license on 1 car parking space at a total rent of £35 pcm. As to unit 3, 1A Hale Way the tenant has a license on 1 car parking space at a total rent of
£35 pcm. The above total rent includes the annualised payments for all the car parking spaces.

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
    20.09.21
    File Size
    157 MB
    Login to View
  • Catalogue Page
    Updated Date
    03.09.21
    File Size
    2 MB
    View PDF
  • Site Plan
    Updated Date
    03.09.21
    File Size
    922 KB
    View PDF
  • Common Auction conditions
    Updated Date
    10.06.21
    File Size
    168 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
John MehtabJohn Mehtab +44 (0)20 7034 4855 +44 (0)7899 060519john.mehtab@acuitus.co.uk
Alexander AuteracAlexander Auterac +44 (0)20 7034 4859 +44 (0)7713 135 034alexander.auterac@acuitus.co.uk
Seller's Solicitors
Hamlins LLP Roxburghe House273-287 Regent Street
London
W1B 2AD
Mark Hurst +44 (0)20 7355 6024mark.hurst@hamlins.com

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