47-49 High St - Storefront Retail/Office FOR SALE


Camberley, SRY GU15 3RB
$535,000 USD
47-49 High St, Camberley, SRY for Sale
$535,000 USD
Storefront Retail/Office - FOR SALE
1/3
null | 8% Cap Rate

47-49 High St
Camberley, SRY GU15 3RB


HIGHLIGHTS

  • Good raod links
  • Good transport links
  • Close proximity to local amenities

OVERVIEW

We are instructed to seek offers in the region of £535,000 to reflect an attractive NIY of 8.0%. Prime retail investment in prosperous Berkshire town, let to The Entertainer on a new 5 year lease expiring February 2030. Upper floor flats have been sold off on long leases. The property comprises a three-storey building arranged as a large retail unit on the ground floor and part first floor, with 2 self-contained flats on the first and second floors. The property was originally constructed in 1964, extended at first floor level in 1999 and was significantly refurbished and re-purposed in 2019 into it’s current configuration. The 2 flats have been converted to a high standard, each comprising 2 bedrooms, and have been sold on long leases. Construction is of a steel frame with predominantly brick elevations, beneath flat roofs to the front, and part pitched and profile clad to the rear first floor extension. The property has the benefit of a 500kg goods lift, and rear servicing with access from Knoll Road.

FOR SALE DETAILS

PRICE

$535,000 USD

PRICE/SF

$90 USD /SF

CAP RATE

8%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1964

SPRINKLERS

-

PARKING SPACES

4

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

SY630917,SY822339

ASK ABOUT THIS PROPERTY

Simon GregorySmith Price RRGMore Info

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Simon GregorySmith Price RRGMore Info

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