TypeRetail Investments · Office Investments · Assured Shorthold Tenancies · Development - Residential

GU27 Kings House, 20 High Street, Haslemere

TenureFor sale

Kings House, 20 High Street, Haslemere, GU27 1/10

Specification

Building size
Building size 2,731 sqft
Property type
Property type Retail Investments · Office Investments · Assured Shorthold Tenancies · Development - Residential
Tenure
Tenure For sale

Description

Grade II Listed Freehold Investment with potential for change of use STPP

Kings House is an attractive Grade II property and comprises two retail units on the ground floor, one with an office on 1st floor and a residential flat on the first floor providing a combined income of £49,280 per annum.

Terms agreed for a new 5 year lease with Hamptons for Ground floor only at £16,000 per annum. 1st Floor office will be handed back to Freeholder with separate entrance which has the potential to convert into a 2nd residential flat STPP.

A car park to the rear provides space for 5 vehicles.

Raymond Reid Photo (755 sq ft): £16,000 pa - Just renewed 5 year lease.

Flat A (c. 650 sq ft): £940 pcm let on AST

Hamptons Estate Agents Gnd & 1st (857.78 sq ft): £22,000 pa - lease renewal with solicitors for new 5 year lease on Gnd only at £16,000 per annum and to take back possession of 1st floor office (c. 468 sq. ft.), suitable for residential conversion.

Total income: £49,280 pa with potential to increase rental and capital values by completion of Hampton's lease and conversion of 1st floor to residential STPP.

Grade II listed building

Terms agreed with Hamptons for new lease, taking back possession of 1st floor office

Potential to convert vacant 1st floor office to residential flat

Prime location on High Street

Parking on-site

Kitchen and WC

Location

Kings House occupies a prominent position on Haslemere's busy High Street, just a short walk from the mainline station and close to key road links including the A286 and A3. The town's strong amenities, vibrant community, and scenic setting make it a highly attractive business location.

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