4 High Street, Bramley, Surrey, GU5 0HB

  • Retail
  • o
  • 2244 Sq ft
  • o
  • For Sale
  • o
  • £575,000

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

Shop 

  20.33 sq. m.    219 sq. ft.

Cafe

  58.58 sq. m.    631 sq. ft.

1st Floor Offices

  70.04 sq. m.    754 sq. ft.

2nd Floor Offices

  48.91 sq. m.    526 sq. ft.
3rd Floor Offices   13.66 sq. m.

   147 sq. ft.

Total Area

211.52 sq. m. 2,244 sq. ft.

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.

 

 

 

 

George  Musgrave

George Musgrave
BA (Hons) MSc
07841 372888

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