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Agent's details

96 / 96a High Street, GU16

For sale: £395,000.00|1,358 Sq Ft|Other, General Retail, Other Property Types & Opportunities, Retail

Property details

FOR SALE£395,000.00
SIZE1,358 Sq Ft
ADDRESS96 / 96a High Street, Frimley, GU16 7JE
TYPEOther, General Retail, Other Property Types & Opportunities, Retail
TENUREFor Sale Freehold
POSTED ON12th April 2024

Description

Key Points

  • Long established ground floor tenant in shop
  • Vacant posession of large residential flat on first and second floors
  • Additional income from hoardings on side of building add
  • Private car park at rear
  • Generally presented in good condition throughout
  • Summary

    Shop and upper part in central Frimley

    Description

    A three-storey end of terrace building occupying a prominent position in High Street, Frimley, adjacent to the post office.

    The ground floor is let to a ladies hairdresser who is long established in the building, with a lease currently terminating in March 2025, although the tenant wishes to take a further lease. The current rent is £10,500 per annum exclusive.

    The first and second floors have been used as offices for many years, but planning consent has been obtained for residential use, such that the premises can be used for either purpose. It comprises 3 large rooms on the first floor with WC and kitchenette, and 2 further rooms on the second floor, with a private front lobby entrance at the front of the building. It is presented in good order, with a gas central heating system, modern LED lighting, carpeting etc.

    In addition, there are advertising hoardings on the side of the building, currently producing a rent of circa £2,562 per annum, with RPI rent review every 3 years, then next being in 2026.

    It includes a private car parking area to the rear.

    Price

    £395,000 for the freehold interest.

    EPC

    Details upon application.

    Rateable value

    RETAIL AREA
    Rateable value - £11,500 pa
    Payable - £5,738 pa

    UPPER FLOORS
    Rateable value - £8,100 pa
    Payable - £4,041 pa

    Note: Small Unit Business Rate Relief may applicable, subject to status.

    Legal costs

    Each party to meet its own legal costs incurred in the transaction.

    Location

    marker
    Location: 96 / 96a High Street, Frimley, GU16 7JE

    Frimley (0.1 miles)

    Farnborough North (0.8 miles)

    Farnborough (Main) (1.2 miles)

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