Description
Investment Summary
- Haslemere is a highly affluent London commuter town in the heart of Surrey.
- It is ranked in The Standard’s Top 40 Commuter Hotspots for Families in 2025, due to its strong transport links to London and outstanding natural beauty.
- Extremely rare large strategic town centre site of approximately 0.74 acres (0.29 ha), comprising a large multi-tenanted, mixed use building, service yard and large car park, providing scope to create a residential scheme over the 0.25-acre car park at the rear of the property (STPP).
- House prices in Haslemere have increased by almost 20% in the last five years and today are established at approximately £725 psf.
- The car park comprises the only remaining undeveloped plot of land overlooking the National Trust’s Swan Barn Farm.
- Situated on the eastern side of High Street, within the town’s 100% prime retail pitch.89% of the commercial income is secured against the undoubted covenants of Boots UK Limited, Collingwood Batchellor Limited and De Montfort Fine Art Ltd.
- The property comprises five flats currently undergoing extensive refurbishment, to a high modern standard.
- The landlord has recently carried out significant exterior improvements, including replacing the roof.
- Collingwood Batchellor did not exercise their 2023 break option and De Montfort Fine Art have agreed to remove their 2026 break, showing their commitment to the location.
- The property offers numerous asset management initiatives to increase value and improve the running yield over the short to medium term.
- Freehold.
We are instructed to seek offers in excess of £4,700,000 (Four Million Seven Hundred Thousand Pounds), subject to contract and exclusive of VAT. A purchase at this price reflects a Net Initial Yield of 7.50% on the commercial income and a low capital value of £400 psf on the newly refurbished residential element, assuming standard purchaser costs of 6.43%.
