3 Broomhall Buildings, London Road

Sunningdale, SL5 0DH

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Investment opportunity
Property Type Investment / Retail
Availability For Sale
Size 722 sq ft
Price £455,000 offers in the region of, subject to contract
Energy Performance Rating This property has been graded as C (65)

Attractive retail investment, Sunningdale village centre, fronting the London Road, next to Lloyds Pharmacy, Farrow & Ball and Hamptons.

Location

Sunningdale is situated approximately 20 miles west of Central London. The A30 serves the village centre, facilitating access to the M25 and M3. Sunningdale has a mainline rail station providing frequent services to London Waterloo in around 55 minutes. Heathrow is approximately 12 miles to the east. The area attracts a wealthy catchment associated with Wentworth Golf Club / Sunningdale Golf Club / Smiths Lawn Polo, Windsor Great Park and Savill Gardens.

The subject property is situated with direct frontage on the northern side of the London Road / A30 and to the east of Sunningdale’s level crossing / Waitrose. The property is close to Sunningdale’s public car park, within a few yards of the pedestrian crossing from the public car park, which generates associated footfall. The local golden Post Box is immediately in front of the property.

Key Points

  • Established parade
  • Adjoining national multiple retailers
  • Attractive A30 frontage
  • Rent review due 2022
  • Rental income £27,250 p.a.x.
  • 6% gross yield

Available area

The accommodation comprises of the following

NameSq ftSq mAvailability
Ground - Zone A 320 sq.ft. Zone B 317 sq.ft. Ancillary 85 sq.ft. approx 722 67.08 Available
Building - 3 bedroom maisonette plus garage / 125 year lease - - Available
Total72267.08 

Description

The premises comprise a ground floor shop, No 3 Broomhall Buildings tenanted by Winkworth Estate Agents with a high showroom standard of fit out. The shop has an internal width of approximately 16 feet 6 inches, and a built depth of approximately 47 feet 6 inches. The width widens to 19 feet beyond the first 20 feet.

Other retail occupiers in the parade and close by include various multiple retail brands - Farrow & Ball, Hamptons estate agents, Lloyds Pharmacy, Pizza Express and Dominos

Viewings

For viewings and further information contact Christopher Thomas 01753 839390 or email ct@chthomas.com

Terms

The freehold is subject to a letting to Anthony Blackstone from 6th October 2017. Rent of £27,000 p.a.x. for 10 years. The shop is to be kept in good repair by the tenant. The lease is inside The Landlord & Tenant Act (1954). The shop trades as Winkworth Estate Agents. The next rent review is 6th October 2022 at not less than the passing rent.

The freehold also includes the benefit of a 3 bedroom maisonette and garage known as 3a Broomhall Buildings held on a 125 year lease from 5th January 2021. The ground rent is £250 per annum payable annually in advance. The rent is subject to 15 yearly rent reviews, based on Retail Price Indexation.

Guide price, subject to contract, offers are invited in the region of £455,000. VAT is not applicable.

Market Commentary

In the past few years the local shops which have closed have been replaced by excellent tenants.

During the past year Christopher Thomas have continued to let shops and showrooms at a similar pace and similar / higher levels than pre pandemic passing rents.

We are probably the most active commercial property agents and surveyors in the Sunningdale market. Pre pandemic we let the former Nat West Bank to Rolls Royce. During the pandemic we have let the former Barclays Bank to David Farrell, the former Feather & Black to Jo Downs Glass and Timpanys to a private gym operator, also expanded Sunningdale Dental into the former Banjo's cycle unit. In Ascot we have re-let the Grace ladies fashion shop to Eman Beauty and have recently agreed retail lettings in Virginia Water, which are currently under offer.

For guidance only, we are presently achieving headline rental tones in the region of £55 per sq.ft. to £65 per sq.ft. itzA.

We have 36 years regional experience and would be pleased to discuss the general Sunningdale / Windsor Great Park villages retail investment market in more detail with prospective parties.

All information is provided subject to contract and for guidance purposes only.

For more market coverage, see our web site www.chthomas.com