Kings House, 20 High Street, Haslemere, GU27 2HJ

Key Points

• 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.

Description

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.

Accommodation 

Price

£750,000 Plus VAT

Business Rates

Rateable value: £14,250

Rates payable: £7110.75 per annum

Investment Details

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.

EPC

TBC

Anti Money Laundering Policy

In accordance with Anti Money Laundering Regulations, the successful purchaser will be required to provide two forms of identification and confirmation of the source of funding.

Legal Costs

Each party to bear their own legal costs incurred in the transaction

Viewing

Strictly by appointment with the sole agents Owen Isherwood