Retail premises for sale in Park Street, Camberley GU15

Offers in region of £750,000 (£177.73/sq. ft)
Retail premises for sale 4,220 sq. ft*
Interested in this property? Call +44 1276 980671 * or Request Details

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Property features

  • Prime/Prominent Location
  • 9 Million Vehicle Movements Past The Unit Every Year!
  • Air Conditioning Throughout
  • Local Occupiers - Powerhouse Fitness, 7 Bone, Bills, Pandora and Sports Direct
  • EPC – “C” 54

Property description

Location


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.


Description


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.


Lease


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.


Price


Offers are invited in the region of £750,000 plus VAT.


Business rates


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.


Viewing arrangements


Please note that arrangements to look at the property must be made by contacting the agents as the premises are currently occupied and trading.

Property info

* Sizes listed are approximate. Please contact the agent to confirm actual size.

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For more information about this property, please contact
DB Real Estate, GU15 on +44 1276 980671 * (local rate)

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by DB Real Estate, and do not constitute property particulars. Please contact DB Real Estate for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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