96 / 96a High Street

Frimley, GU16 7JE

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Property Type Investments
Tenure For Sale
Size 1,358 sq ft
Price £395,000
Business Rates See further comments
Energy Performance Rating Upon enquiry

Shop and upper part in central Frimley

Key Points

  • Long established ground floor tenant in shop
  • Vacant posession of large residential flat on first and second floors
  • Additional income from hoardings on side of building add
  • Private car park at rear
  • Generally presented in good condition throughout

Description

A three-storey end of terrace building occupying a prominent position in High Street, Frimley, adjacent to the post office.

The ground floor is let to a ladies hairdresser who is long established in the building, with a lease currently terminating in March 2025, although the tenant wishes to take a further lease. The current rent is £10,500 per annum exclusive.

The first and second floors have been used as offices for many years, but planning consent has been obtained for residential use, such that the premises can be used for either purpose. It comprises 3 large rooms on the first floor with WC and kitchenette, and 2 further rooms on the second floor, with a private front lobby entrance at the front of the building. It is presented in good order, with a gas central heating system, modern LED lighting, carpeting etc.

In addition, there are advertising hoardings on the side of the building, currently producing a rent of circa £2,562 per annum, with RPI rent review every 3 years, then next being in 2026.

It includes a private car parking area to the rear.

Available area

The accommodation comprises the following areas:

Name sq ft sq m Availability
Ground - Retail 549 51 Available
Building - First & second floors 809 75.16 Available
Total 1,358 126.16  

Price

£395,000 for the freehold interest.

EPC

Details upon application.

Rateable value

RETAIL AREA
Rateable value - £11,500 pa
Payable - £5,738 pa

UPPER FLOORS
Rateable value - £8,100 pa
Payable - £4,041 pa

Note: Small Unit Business Rate Relief may applicable, subject to status.

Legal costs

Each party to meet its own legal costs incurred in the transaction.

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