45-47 High Street, Cobham, KT11 3DP

Summary

45-47 High Street is a substantial concrete framed three storey building fronting onto Cobham High Street consisting of a ground floor showroom with offices on the first and second floors. There is a large car park to the rear for 32 cars with direct access from the High Street.

The large ground floor retail unit has been let for many years to Cobham Furniture. The offices on the fist floor of 45-47 High Street, Cobham are vacant and the offices on the second floor are let to two tenants (see tenancy schedule).

The title number of the freehold is SY242322 and the site area is approximately 0.305 acres (0.124 hect).
Please download the title plan from the Media Centre.

Key Points

Opportunities

Potential opportunities at the property include:

* Let the offices at circa £40.00 psf. Office rents in Cobham have reached £35.00 psf and £40.00 psf in Weybridge.
High quality refurbishments could be undertaken exposing the concrete ceilings. Office demand for smaller suites with parking is strong in Cobham. (Hurst Warne have interest in both first floor vacant office suites).

* Re-gear the ground floor retail. ITZA rents in Cobham have reached circa £100 psf ITZA (Joe The Juice circa £96.00 psf ITZA in July 2024 at 23 High Street).

* Ground floor retail could be expanded to the rear (possibly also to the front into the undercroft (circa 460sq ft), subject to consent). (Subject to planning).

* Convert the offices on the first & second floors to residential under Permitted Developments rights (subject to planning).

* Wholesale redevelopment opportunity utilising the rear car park (subject to planning).

Additional Property

The vendor is also selling Aslotel House in Tadworth (3,710 sq ft NIA office/conversion opportunity) and may consider a combined sale.
Further info at https://search.hurstwarne.co.uk/properties/180457-aslotel-house-tadworth

Location

Terms