1A, 1B & 1C, The Square
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1A, 1B & 1C, The Square
3 Retail Properties Offered at $1,251,063 in Bagshot
Investment Highlights
- Prominent location in the centre of The Square Bagshot
- Good Parking Facilities Within Walking Distance
- Nearby Transport Links
Executive Summary
The main property (being both 1A and 1B The Square) comprises Roka The Square Restaurant (1A The Square) and Katys Nails (1B The Square). The adjoining attached property (1C The Square) is a retail unit occupied by Bagshot Carpets.
No 1A The Square - Roka The Square Restaurant occupies part ground floor and all the first floor (inc the 1st floor over no 1B). The first floor demise includes a featured open air terrace/customer seating area overlooking The Square. Let to Mr Bulent Esen (T/A Roka The Square Restaurant) on a 16 year lease from 17/06/2016 expiring 17/06/2032 (approx. 9 years remaining) with upward only rent reviews at 5 yearly intervals (next reviews 17/06/2026 and 17/06/2031). Current passing rent of £34,000 p.a.x The lease is on a full repairing and insuring basis.
No 1B is the adjacent ground floor shop next to Roka Restaurant. Let to L D T Pham & P S D Pham (trading as Katy's Nails) on a 10 year full repairing lease from 02/09/2022, expiring 09/2032. The tenant has a break clause on 02/09/2027 subject to 6 months prior notice. Current passing rent of £20,000 p.a.x, subject to a upward only rent review in September 2027.
No 1C The Square adjoins the above property and is fully let Tyne Carpets & Flooring Ltd (co no 04045129) T/A Bagshot Carpets. Let on a 10 year full repairing lease from 24/06/2019, expiring 06/2029 (approx. 6 yrs unexpired) with a upward only rent review 24/06/2024. Current passing rent of £19,500 p.a.x.
No 1A The Square - Roka The Square Restaurant occupies part ground floor and all the first floor (inc the 1st floor over no 1B). The first floor demise includes a featured open air terrace/customer seating area overlooking The Square. Let to Mr Bulent Esen (T/A Roka The Square Restaurant) on a 16 year lease from 17/06/2016 expiring 17/06/2032 (approx. 9 years remaining) with upward only rent reviews at 5 yearly intervals (next reviews 17/06/2026 and 17/06/2031). Current passing rent of £34,000 p.a.x The lease is on a full repairing and insuring basis.
No 1B is the adjacent ground floor shop next to Roka Restaurant. Let to L D T Pham & P S D Pham (trading as Katy's Nails) on a 10 year full repairing lease from 02/09/2022, expiring 09/2032. The tenant has a break clause on 02/09/2027 subject to 6 months prior notice. Current passing rent of £20,000 p.a.x, subject to a upward only rent review in September 2027.
No 1C The Square adjoins the above property and is fully let Tyne Carpets & Flooring Ltd (co no 04045129) T/A Bagshot Carpets. Let on a 10 year full repairing lease from 24/06/2019, expiring 06/2029 (approx. 6 yrs unexpired) with a upward only rent review 24/06/2024. Current passing rent of £19,500 p.a.x.
Property Facts
Price | $1,251,063 | Number of Properties | 3 |
Price / SF | $371.24 / SF | Individually For Sale | 0 |
Cap Rate | 7% | Total Building Size | 3,370 SF |
Sale Type | Investment | Total Land Area | 0.24 AC |
Status | Active |
Price | $1,251,063 |
Price / SF | $371.24 / SF |
Cap Rate | 7% |
Sale Type | Investment |
Status | Active |
Number of Properties | 3 |
Individually For Sale | 0 |
Total Building Size | 3,370 SF |
Total Land Area | 0.24 AC |
Properties
Property Name / Address | Property Type | Size | Year Built | Individual Price |
---|---|---|---|---|
1A The Sq, Bagshot GU19 5AX | Retail | 1,850 SF | 1789 | - |
1B The Square, Bagshot GU19 5AX | Retail | 720 SF | - | - |
1C The Square, Bagshot GU19 5AX | Retail | 800 SF | 1909 | - |
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1A, 1B & 1C, The Square
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