Retail premises for sale in High Street, Crowthorne RG45

Key Points

Description

The property is a self contained unit with a ground floor area being utilised as a bookmakers with a separate first floor office area potentially capable, subject to planning, of being converted to a residential flat as it has its own separate access and services. A small amount of car parking is provided to the side of the property.

The property is held by way of a lease to Ladbrokes Betting and Gaming Limited for a term due to expire on 18th December 2033. There is a tenants break option on 18th December 2028 subject to 6 months notice. The annual passing rental is £17,500 per annum and subject to a review on 18th December 2028.

We advise that the property has not been elected for VAT.

Location

Crowthorne is a popular village situated close to Sandhurst and Bracknell with significant levels of residential accommodation in and around the village. Within the High Street there are many cafes, shops, post office, restaurants and also larger stores such as Lidl and Co-op.

The property is situated fronting onto the High Street on the corner of Church Street. Crowthorne railway station is located approximately 1.2 miles away. Junction 4 of the M3 is approximately 4 miles drive and Junction 10 of the M4 approximately 6 miles drive.

Terms

The freehold interest of the property is being sold subject to the above leasehold interest.

Anti Money Laundering

To comply with Anti Money Laundering regulations, Curchod & Co undertake id checks for all successful purchasers and tenants where legislation requires us to do so.

Legal Costs/VAT

Each party to be responsible for the payment of their own legal costs incurred in the sale.

Prices are quoted exclusive of VAT which may be charged.