145 Worplesdon Road, Guildford, Surrey, GU2 9XA

  • Investment
  • o
  • 527 Sq ft
  • o
  • For Sale
  • o
  • £450,000 whole or £215,000 GF. Passing Rent: £27,290 p.a.

Key Points

Mixed Use Investment Freehold For Sale

  • Popular neighbourhood parade
  • Approximately 2 miles from central Guildford
  • Prominent main road location
  • Double garage & Garden with development potential
  • Passing Rent totalling £27,290 p.a.

Location

The property occupies a prominent position in a popular parade of shops within the Guildford suburb of Stoughton. It is located on the A322 Worplesdon Road, about 1/2
mile from the A323 and A3 and about 2 miles from Guildford town centre.

Description

A ground floor lock-up shop with storage to the rear along with a double garage. The Upper parts are formed of a 2 bed flat currently let out by way of a separate AST
agreement.

Accommodation

The commercial accommodation is approximately as follows:

Retail area 36.82 sq m 396 sq ft
Store/Office 12.19 sq m 131 sq ft
Total area 49.01 sq m 527 sq ft
Double garage 4.60 m x 5.07 m
Two Bed flat forming the upper parts.

Leases

Ground Floor: 20 year lease from 2011 with Tenant Only break in Year 10 and open Market Rent Reviews every 5 years. The current passing rent is £14,750 p.a.

Upper Parts: Subject to an AST agreement dated 11th June 2018 at a passing rent of £1,045 pcm.

Rates/Council Tax

Ground Floor: Rateable value of £9,500
Upper Parts: Council Tax Band C

Price

£450,000 for the whole or £215,000 for the ground floor lock-up shop only which will be subject to a new 150 year long lease of the residential upper parts.
VAT is not applicable on the purchase price.

Legal Costs

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

Energy Performance Certificate

To be assessed.

Alex  Bellion

Alex Bellion
BSc (Hons) MRICS
07971 756068

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