4 High Street, Bramley, Surrey, GU5 0HB

Key Points

Income Producing Development Opportunity Freehold For Sale

• Two Ground Floor Commercial Tenants producing £21,000 p.a.
• 211.52 sq. m. / 2,244 sq. ft.
• Vacant Office Uppers with Prior Consent to be Converted
• Central Location in Bramley High Street
• Close Proximity to Guildford and Cranleigh

Location

The property is situated in a central location on the west side of Bramley High Street (A281) about 3 miles away from Guildford and Godalming. Bramley village has a local shopping parade, public houses, schools and library.

Description

The property is a four storey terraced building. It comprises two tenanted shops on the ground floor, currently a barbers and café , and vacant office space above. The upper parts are accessible via a separate entrance onto the High Street. The property also has a rear garden which is demised to the café and used for seating in the summer.

Accommodation

Commercial Leases

The shop is tenanted under a 10 year eFRI at an annual rent of £8,500 p.a. This lease commenced 1st April 2016 and contains a tenant-only option to break after 5 years.
The café tenant has recently renewed their lease on a 10 year term from 23rd June 2016 at £12,500 p.a. This lease contains a break after 5 years and is contracted under eFRI terms. Full lease details available on request.

Planning

The upper floors have consent under application CR/2016/0009 for conversion into three flats (2 x 1 bed, 1x 2 bed).

Price

£575,000.

VAT

We do not believe VAT will be payable on the purchase price.

Rates

Upper Parts:
Rateable Value: £18,500
Rates Payable: £8,621 (2017/2018)
Ground Floor Shop Tenants are responsible for their business rates.

EPC

Rating: C - 56.

Legal Costs

The ingoing tenant to bear our client’s legal costs incurred in the transaction.