Waterfords

Tel: 01276 66566

35 Plough Road
Yateley
Hampshire
GU46 7UW

Park Street, Camberley, Surrey

Guide Price £1,250,000

5 Bedroom Land - Development Site

Detached Freehold Investment Opportunity
3 Recently Refurbished 1 Bedroom Apartments
Parking
Ground Floor Commercial Unit Currently Let
Camberley Town Centre Location
Planning Consent Granted for Conversion of the Loft to a 2 Bedroom Apartment

EXCELLENT INVESTMENT OPPORTUNITY.
4 APARTMENTS AND A COMMERCIAL UNIT.

Welcome to this exceptional property located on Park Street in the charming town of Camberley, Surrey. This unique property offers a fantastic investment opportunity for those looking to expand their property portfolio.

Situated in a prime location, this property boasts three recently refurbished 1-bedroom apartments, each offering modern living spaces perfect for young professionals or couples. Additionally, the planning consent granted for the conversion of the loft into a 2-bedroom apartment provides the potential for further development and increased rental income.

One of the standout features of this property is the ground floor commercial unit, which is currently let to an established business generating £38,000 per annum.

If you are looking to invest in the rental market, this detached freehold property presents a versatile and lucrative opportunity. Please contact Gary Brook on 07976 245 656 or gbrook@waterfords.co.uk for further information.

Description

These one-bedroom apartments are finished to a high specification with a range of premium integrated appliances from makes such as Bosch and AEG, including induction hobs and dishwashers.
The apartments have been designed to be as energy efficient as possible with double glazing and new electric heating system.
Each apartment also has the benefit of fitted wardrobes providing ample storage.

The second floor of the property has planning consent granted to convert it to a 2 bedroom apartment and already has a staircase installed and once converted will generated further rental income.
Full plans are available upon request or via Surrey Heath Planning Portal.

Potential Rental Incomes

Existing Apartments
Flat 1 - One Bedroom First Floor Apartment - £1,200 PCM
Flat 2 - One Bedroom First Floor Apartment - £1,100 PCM
Flat 3 - One Bedroom First Floor Apartment - £1,250 PCM

Second Floor Apartment Following Conversion
Flat 4 - Two Bedroom Second Floor Apartment - £1,450 PCM

Commercial Unit - £38,000 Per annum

Total Potential Annual Income - £98,000

Outside

Externally, the property offers parking to the rear for 6 vehicles,. Two of the apartments are accessed from the front of the property and two from the rear.

Location

Situated in the centre of Camberley Town Centre, just a short walk from a wealth of shops and restaurants. The train station, A30 and M3 are within close proximity making it an ideal location for commuters.

Energy Efficiency and Environmental Impact

Although these particulars are thought to be materially correct their accuracy cannot be guaranteed and they do not form part of any contract.

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