Freehold shop investment
3,740 Sq Ft
With planning permission for 4 no apartments on the upper floors
High Street location next to Lidl Supermarkets
Secure rent until March 2013 from long established retailer
No VAT payable
Location:
The property is situated in a central location in Crowthorne adjacent to Lidl Supermarket. Crowthorne is a busy town situated just off the A321 between Bracknell (4 miles) and Camberley (6 miles) and with an approximate population (Urban Area) of 25,000. Other occupiers nearby include Lloyds Pharmacy, Nationwide and Barclays.
Description:
A two storey end of parade property comprising a shop with first floor stores.
Approximate net internal floor areas:-
Ground Floor Shop 1,400 sq ft (26 ft frontage)
Rear Stores 480 sq ft
First Floor Stores 1,740 sq ft
Office 120 sq ft
Ladies & Gents WCs
Large rear car park
Approached over a driveway next to 100 High Street, the freehold includes a large surfaced car park measuring about 60 ft x 80 ft.
Lease:
The ground floor shop only is let for a term of 10 years from 7th May 2008 with Tenant’s Option to Break in March 2013.
Tenant: Creative Flooring (Properties) Ltd (Company Reg No. 3496305)
Rent: £37,500 per annum exc. Rent Review: 5 years Repairs: Effective FRI
Town planning:
We are advised that there are valid Planning Consents for the conversion of the first floor to 2 x 1 bedroom apartments and the construction
Price:
£650,000 subject to contract
|
