Church Rd
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Church Rd
1,000 SF Retail Building Windlesham GU20 6BH $1,898,710 ($1,899/SF) 3.47% Cap Rate
Investment Highlights
- Prominent business location
- Residential Development Potential
- Solid transport links
Executive Summary
The property comprises a single storey brick-built office/showroom with a pitched corrugated roof, a vehicle wash area and tarmacadam/concrete hardstanding for parking or open storage. The property has a frontage to Church Road of 72 ft. (22m). The current use is commercial car business, having formerly been a garage for many years so can be considered to be a Brownfield Site. The property has been let to Alliance Cars Ltd for five years from 5 th July 2022 on a full repairing and insuring basis at a commencing rent of £52,000 pa with fixed increase to £54,000 pa after 2 years, and £56,000 pa after 4 years, Subject to a Mutual Break on 2 month’s notice effective 5 July 2024.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Auto Dealership
Building Size
1,000 SF
Building Class
C
Year Built
1960
Price
$1,898,710
Price Per SF
$1,899
Cap Rate
3.47%
NOI
$65,822
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Land Acres
0.35 AC
Parking
25 Spaces (25 Spaces per 1,000 SF Leased)
Frontage
72 FT on Church Road
Amenities
- 24 Hour Access
- Security System
- Storage Space
- Air Conditioning
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Matthew Pellereau -
Matthew Pellereau Ltd
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Church Rd
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