Leisure/hospitality to let in Pembroke Broadway, Camberley GU15

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. Camberley has a wealthy catchment population with car and home ownership significantly above the national averages.

2 Pembroke Broadway is in a central, prime location at the top of the High Street, close Barclays Bank, Ladbrokes, Santander, Bet Fred and McDonalds. The whole property is also close to The Square shopping centre which provides 360,000 sq ft of retail space. The retail offering in Camberley also includes The Atrium which provides retail premises (Pandora, The Works, H & M and Sports Direct) and leisure and restaurant outlets (including a Vue cinema, ten pin bowling, Pure Gym, Starbucks, Wagamama’s, Chiquito’s, Five Guys, Wildwood, Taco Bell, Zizzi, Pizza Express and Nando’s).

Description

2 Pembroke Broadway is above 88-90 High Street, a public house and restaurant premises. The accommodation is the whole of the first and second floors and the relevant planning permission is “Health and Social Club comprising dance studio, spa area, solarium, steam baths, gymnasium, toilet facilities, bar, restaurant café, and snooker area” and generally, these uses now fall under “Class E”. The space currently presents as a vacant former Health and Social Club in poor condition but can/will be stripped out as appropriate.

The first and second floors provide approx. 9,850 sq ft (net internal) and 12,300 sq ft (gross internal) of floor space and the space is accessed from a separate private ground floor entrance in Pembroke Broadway (opposite the railway station) but can also potentially be linked internally from the public house/restaurant premises below, which are also available. The accommodation will need considerable upgrading works.

Area

First Floor Area (net internal) approx. 4,925 sq ft 457.5 sq m
Second Floor Area (net internal) approx. 4,925 sq ft 457.5 sq m

Total Floor area (net internal) approx. 9,850 sq ft 915.0 sq m

Lease

A new lease or leases are offered on full repairing and insuring terms for a period to be agreed, the lease/leases will incorporate upward only rent reviews at regular intervals and will be excluded from the security of tenure provisions of the Landlord and Tenant Act 1954. The ground floor is also available separately or can be offered together with the upper floors. The rent would be paid quarterly in advance.

Rent

The 1st & 2nd floors are offered from £10.00 per sq ft per annum exclusive plus VAT.

The public house and restaurant below are offered separately at £128,000 per annum exclusive plus VAT.

Business rates

The Rateable Value for 2 Pembroke Broadway is currently £28,250 and as such the Business Rates payable would be approx. £14,100 for the year April 24 to April 25.

Possesion and viewing

The premises are vacant and available straight away, subject to completion of legal formalities. Arrangements to look at the property can be made by contacting the joint sole agents, Nigel Dickason at DB Real Estate or Laurence Bird at Laurence Bird and Co