Retail Investment Opportunity in Haslemere

No 2c+No 2b+Residential

High Street Haslemere Surrey GU27 2LY

Investment Property For Sale: £400,000
Total Floor Area: 144 sq.m/1,555 sq.ft
Net Investment Income: £29,050 per annum




Last updated: 11 Mar 2014 Ref: HighStHaslemere

Property Description

This detached property was constructed circa 1995 and comprises two lock up A1 retail shops with 4 x one bed flats above sold on long leases. Energy Performance Asset Rating C54.

Measurements

  • Net Internal Floor Area
No 2c High Street Haslemere - Haslemere Care Shop
Measurementimperialmetric
Ground Floor825 sq.ft77 sq.m
Total Floor Area825 sq.ft76.64 sq.m

No 2b - Blush
Measurementimperialmetric
Ground Floor730 sq.ft68 sq.m
Total Floor Area730 sq.ft67.82 sq.m

Residential - Residential
Measurementimperialmetric
Total Floor AreaNot measuredNot measured


Agent's Disclaimer

Gascoignes for themselves (and joint agents where applicable) and for the vendor or lessors of this property whose sole agents they are give notice that; (i) the particulars are produced in good faith, and are set out as a general guide only and do not constitute any part of a contract; (ii) All areas/dimensions quoted are approximate; (iii) the agents have not tested any of the services and no warranty is given or implied by these particulars; (iv) All prices or rents quoted as exclusive of VAT which may be applicable to transactions involving commercial property; (v) no person in the employment of Gascoignes has the authority to make or give any representation or warranty whatsoever in relation to this property. Gascoignes is a trading name of Gascoignes Commercial Ltd which is registered in England No. 4336372.


Sale Terms

Offers are sought in excess of £400,000 subject to contract and exclusive of VAT. This equates to a capital value of £258 per sq ft.


Tenant, lease and rent summary

High Street Haslemere GU27 2LY
Retail UnitTenantRental IncomeLease Dates
No 2c Haslemere Care Shop £16,000 No -break
No 2bBlush £13,000No -break
ResidentialResidential £50No -break
Total Rent £29,050


Covenant Information:

Haslemere Care Shop

lock up shop with tea station and toilet at the rear and side storage. The property was recently re-let with no void previously let on a 20 year lease to Oxfam. Now let on a new 10 year lease to the Haslemere Care Shop which is a small local charity with retail outlets in Bordon and Liphook. The commencing rent is £14,000 pa paid quarterly, full FR & I lease, single mutual break at end of 5th year; fixed rent reviews with rent rising to £15,000 end of year 3, and to £16,000 end of year 6.

Blush

lock up shop with tea station and toilet at the rear and side storage trading as “Blush” has been a high class ladies fashion shop for more than 10 years. The current lease was assigned in August 2011 following a business transfer and the FR & I terms have been amended such that, commencing rent is £12,000 per annum, paid monthly, rising to £13,000 from Sept 2012, with fixed rent review rising to £14,000.August 2015. The lease term is until 2017

Residential

Four x one bedroom flats sold on ground leases commencing from 25 March 1991, term 125 years, commencing rent £50 per annum, rising to £100 25 March 2016 and thereafter every 25 years increasing by £50 per annum

Agent's Disclaimer

Gascoignes for themselves (and joint agents where applicable) and for the vendor or lessors of this property whose sole agents they are give notice that; (i) the particulars are produced in good faith, and are set out as a general guide only and do not constitute any part of a contract; (ii) All areas/dimensions quoted are approximate; (iii) the agents have not tested any of the services and no warranty is given or implied by these particulars; (iv) All prices or rents quoted as exclusive of VAT which may be applicable to transactions involving commercial property; (v) no person in the employment of Gascoignes has the authority to make or give any representation or warranty whatsoever in relation to this property. Gascoignes is a trading name of Gascoignes Commercial Ltd which is registered in England No. 4336372.


There are no plans available to view for this property. Contact the agent for further information

Property Location

Haslemere is an attractive market town about 15 miles south west of Guildford and some 3 miles from the A3. The town dates from 1221 the name being derive from Hazel trees growing around a lake (or mere). After completion of the railway between Portsmouth – Haslemere – London the town became a fashionable place to live. Four trains an hour to London with the express trains taking a little over an hour and is therefore very popular with commuters. The High Street is wide reflecting is Victorian use as a weekly cattle market, with the former Town Hall at one end Notable inhabitants include Alfred, Lord Tennyson and John Tyndall. The property is located at the top end of the High Street just after the junction with Petworth Road as marked on the map. Haslemere offers excellent good range of individual shops and is becoming well known for ladies high class fashion retailing

Map



Gascoignes
Agents Contact Details

Name: James Gray
Company: Gascoignes
Address: 2 Gillingham House Pannells Court Guildford Surrey GU1 4EU
Email:
Email the agent
Direct Dial: (01483) 538131
Mobile: 07473 183645


Second Contact

Name: Andy Russell
Company: Gascoignes
Address: 2 Gillingham House Pannells Court Guildford Surrey GU1 4EU
Email:
Email the agent
Direct Dial: (01483) 538131
Mobile: 07956 618662




Download pdf brochure Brochure for: Residential High Street  Haslemere Surrey  GU27 2LY. Investment Property For Sale: £400,000. Total Floor Area: 144 sq.m/1,555 sq.ft. Net Investment Income: £29,050

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