Mixed Use Investment Freehold For Sale
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.
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.
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.
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.
Ground Floor: Rateable value of £9,500
Upper Parts: Council Tax Band C
£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.
Each party to bear their own legal costs incurred in the transaction.
To be assessed.
01483 300 176