Camberley is an expanding commercial centre forming part of the Blackwater Valley area adjacent to the A30, M3 motorway (junction 4) and A331 Blackwater Valley Relief Road. 8 Park Street is positioned in an extremely prominent position on the corner of Park Street and London Road (A30) and is in Camberley town centre, opposite The Square Shopping Centre and next to The Atrium. There are 9 million vehicle movements going past the unit on the London Road (A30) every year!
Camberley has become a very popular destination for restaurants, leisure activities and retail. In addition to the Vue Cinema and the Bowlplex bowling centre, Camberley boasts a host of restaurants all located in Park Street/The Atrium including Bills, Wildwood, Zizzi, Pizza Express, Wagamama, Prezzo, Nandos, Chiquitos, Creams and 7 Bone Burgers. Retailers close by include Powerhouse Fitness, Pandora, Subway, Rotisserie Chicken, Sports Direct, Primark and Next.
8 Park Street provides self-contained ground floor premises suitable for retail use, any office use, restaurant and cafe uses, clinic and leisure uses and falls under the new “Class E” planning use group which also allows light industrial uses. The premises were built approx. 7 years ago and form part of a larger scheme with a Premier Inn above. The unit is currently being used as a children’s play centre/café and before this was used for an indoor golf leisure use and features extensive glazed shop fronts to both the London Road and Park Street frontages. The premises benefit from air conditioning, 2 separate W.C.’s, a small catering kitchen and adjacent bar/seating area, an office area and rear access for loading, bins, etc.
The landlords are offering the premises for sale as a whole on a very long ground lease.
Area Ground Floor Premises 4,220 sq ft (392.1 sq m)
The above overall area has been calculated on a gross internal basis and taken from historical records.
The premises are offered for sale on a long ground lease of circa 990 years in length, subject to a fixed nominal ground rent (i.e. Circa £100.00). The managing agents will charge a nominal service charge, details are available from the agents.
Offers are invited in the region of £750,000 plus VAT.
We have been advised that the Rateable Value for the premises as a whole is £37,500. The current small business rate in the pound is 0.499, as such the Business Rates payable will be approx. £18,800 for the year April 21/April 22.
Please note that arrangements to look at the property must be made by contacting the agents as the premises are currently occupied and trading.