9,000 sq ft
For Sale
Offices / Retail
| Property Type | Offices / Retail |
| Tenure | For Sale |
| Size | 9,000 sq ft |
| Price | (three million, five hundred thousand pounds) |
| Energy Performance Rating | This property has been graded as D |
45-47 High Street is a substantial concrete framed three storey building fronting onto Cobham High Street consisting of a ground floor showroom with offices on the first and second floors. There is a large car park to the rear for 32 cars with direct access from the High Street.
The large ground floor retail unit has been let for many years to Cobham Furniture. The offices on the fist floor of 45-47 High Street, Cobham are vacant and the offices on the second floor are let to two tenants (see tenancy schedule).
The title number of the freehold is SY242322 and the site area is approximately 0.305 acres (0.124 hect).
Please download the title plan from the Media Centre.
The accommodation comprises the following areas:
| Name | sq ft | sq m |
|---|---|---|
| Unit - 3-Storey freehold | 9,000 | 836.13 |
Cobham is an attractive and affluent town 17 miles south west of central London and 10 miles North East of Guildford.
It is well located just off the M25 at junction 10 (2.5miles) and the A3, 1 mile. The mainline station is approx. 1.4 miles and provides fast and frequent services direct to Waterloo (travel time approx. 33 mins).
The High street provides an excellent level of retail amenities. Occupiers include Sainsbury's Local, Waitrose, Joe the Juice, Space NK, Copper Club, Pizza Express and Costa Coffee. The Ivy restaurant, Cafe Nero, Pret a Manger, and Gail's Bakery have recently moved into the town.
For Sale: Guide Price in excess of £3,500,000 (three million, five hundred thousand pounds), subject to contract and exclusive of VAT.
Potential opportunities at the property include:
* Let the offices at circa £40.00 psf. Office rents in Cobham have reached £35.00 psf and £40.00 psf in Weybridge.
High quality refurbishments could be undertaken exposing the concrete ceilings. Office demand for smaller suites with parking is strong in Cobham. (Hurst Warne have interest in both first floor vacant office suites).
* Re-gear the ground floor retail. ITZA rents in Cobham have reached circa £100 psf ITZA (Joe The Juice circa £96.00 psf ITZA in July 2024 at 23 High Street).
* Ground floor retail could be expanded to the rear (possibly also to the front into the undercroft (circa 460sq ft), subject to consent). (Subject to planning).
* Convert the offices on the first & second floors to residential under Permitted Developments rights (subject to planning).
* Wholesale redevelopment opportunity utilising the rear car park (subject to planning).
