Church Court comprises 2 ground floor E Class units, one recently let the second is available to let. Separately accessed on the ground floor there are four flats arranged on first and second floor levels above. Each flat has an allocated car space at the rear. 3 are sold off while the 4th has been refurbished and is available for letting or for sale.
There is scope to improve the rental income on the commercial element and either rental income or sale of the vacant residential flat. In addition, the ground leases of the flats may need to be extended providing an opportunity to make a capital gain.
Location
Church Court is located in a prominent position fronting High Street at its junction with Manor Farm Lane and Hummer Road opposite St John the Baptist Church and set amongst a mixture of commercial and retail uses. The town has attracted occupiers such as Gartner, ADP, Enterprise Rent-a-Car, Belron and Future Electronics. The town is also home to the well regarded Royal Holloway University of London which has spawned several embryonic companies through its research facilities.
Egham provides a range of shops with multiples including Waitrose, Tesco, Boots, Cafe` Nero, Holland & Barrett and Spacsavers along with independent operators, Bank, Post Office etc. all of which are close to hand. The town has recently been enhanced by the new Magna Square development which incorporates an Everyman Cinema, Budgens, Liberto Lounge and Starbucks.
The town enjoys excellent access to the A30 and M25 at J13 both of which are less than 1 mile from the property. Egham Station is a short walk away and provides a frequent service to London Waterloo and Reading. Heathrow Airport lies approximately 3 miles to the north.
Accommodation
1-4 Church Court - Headlease - Headlease - 99 Year from 24/06/81 With rent reviews every 25 years Passing rent £280. p.a.
Flat 3 Church Court - Second Floor - 750 Sq. Ft. - Vacant, for sale/to let
133 High Street - Ground Floor - 460 Sq. Ft.- Let to Mehr Beauty Bar Ltd E Class unit 15 Year Effective FRI lease, 5 yearly rent reviews, Tenant break end yr5 Rent £20,000pax. 6 month rent deposit
135 High Street - Ground Floor - 876 Sq. Ft. - Vacant, on market for letting ERV £25,000pax
Terms
Terms - The property is offered for sale Freehold with the benefit of the existing tenancies on the attached schedule. The tenancy schedule has been prepared using information supplied by the owner.
Price - Upon Application
Value Added Tax - VAT will be payable at the prevailing rate.
Legal Costs - The purchaser is to be responsible for both parties’ legal costs incurred in the transaction.
Specification
- Town centre location close to all amenities, on site car parking
- Close to Railway Station/ bus routes, good access to M25/J 13 & Heathrow
- Affluent Surrey Town with large office base and university
- 2 E Class units 1 Let, 1 Vacant
- 4 residential flats, 3 sold on ground-leases, 1 Vacant for sale or to let
- Currently producing £20,280pax, but could substantially increase