Retail Freehold For Sale
The property is located in a popular parade of shops within the Guildford suburb of Stoughton. It is located on the A322 Worplesdon Road, less than a mile from the A3 access at Cathedral Hill and two miles from Guildford town centre. Being set back from the thoroughfare, the shop benefits from a wide pedestrian pavement and a forecourt area.
123 Worplesdon Road is a semi-detached building comprising ground floor shop and a first floor flat. The shop is currently occupied as a Newsagents trading under the name Lewis News. The retail space has been partitioned to form a rear ancillary area. Access to the first floor flat is via a rear entrance and staircase. This property is located within an established parade with other commercial occupiers including Gascoigne Pees, Heaters Bakery and Seymours Estate Agents.
The shop’s net internal floor area is as follows:
Ground Floor: 74.93 sq. m. / 807 sq. ft.
The freehold interest is to be sold subject to a lease of the ground floor shop dated 17/06/2015, granted personally to Gurmeet Senthi for a 15 year term at an initial rent of
£16,000 p.a. This lease makes provision for upward only rent reviews every 5 years and stipulates 50% contribution by the shop tenant towards both the annual buildings
insurance premium and external repairs and maintenance of the property. Full lease details available upon request. This interest is also subject to a 150 year leasehold
interest of the first floor flat dated 16/5/2014 at an annual ground rent of £150, doubling every 50 years.
£299,000
Rateable Value: £10,750
Rates Payable: £5,009.50
Business Rates are the Tenant’s responsibility.
Rating: C - 69
Each party to bear their own legal costs incurred in the tranaction.
VAT is not payable on purchase price.
01483 300 176