GU15 229 and 231 London Road and 5 Grand Avenue, Camberley

Mixed Use Investment Opportunity

The premises comprise a detached three storey property of brick

construction under a tiled roof. The property comprises three ground floor retail units and two residential units to the upper parts. Externally, there is a tarmac car park.

We have been instructed to market the freehold interest at a price of £500,000 (Five Hundred Thousand Pounds), subject to contract and exclusive of VAT.

A purchase at this level reflects a net initial yield of 7.92% after deducting purchaser's costs of 4.7%.

Please refer to the tenancy schedule at the end of marketing brochure.

Total Income is £41,450 per annum and there are 2 outstanding rent reviews.

Each party to be responsible for their own legal costs incurred in the

transaction.

In accordance with Anti-Money Laundering requirements, two forms of

identification will be required from the purchaser and any beneficial owner

together with evidence/ proof identifying the source of funds being relied

upon to complete the transaction.

Freehold - Title Number SY417812

Our client has confirmed that the property is not elected for VAT.

Prominent corner frontage

Established local tenants

Retail tenants in occupation since 2017 and 2019

Current income £41,450 per annum with 2 outstanding rent reviews

Freehold

The premises occupies a prominent corner position fronting Grand Avenue and London Road (A30). This is a busy thoroughfare road between

Sandhurst, Frimley and Camberley.

The premises are opposite Places Leisure Centre Camberley and other nearby occupiers include Premier Inn and Primark as well as many other local and national retailers / F&B occupiers. Camberley railway station is approximately 0.4 miles distant from the premises.