35 & 35a, Madrid Road, Guildford, GU2 7NU

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35 & 35a, Madrid Road, Guildford, GU2 7NU

Investment 1172 Sq ft For Sale £415,000

Location

Located on a busy access road into Guildford Town Centre, (0.5 miles away), the Station (0.2 miles away), University of Surrey, Cathedral, Hospital and A3 slip road are all within close vicinity. Guildford is Surrey’s principal town with excellent shopping and commercial base.

Description

The subject property features a retail unit on the ground floor currently leased to a launderette user for a term of 15 years from Jan 2019. Every 5th anniversary rent reviews are linked to greater of RPI & OMRR. The most recent rent review increased the rent to £16,800 per annum. There is also a vacant 2-bedroom flat on the upper floor, which also includes a bathroom and lounge/kitchen. Accessed separately from the retail unit. There is a generous garden to the rear of the property.

Accommodation 

Name sq ft sq m Availability
Ground - Retail Unit 558.54 51.89 Available
1st - 2 bed flat 613.54 57 Available
Total 1172.08 108.89  

Price

£415,000

Business Rates

Rateable value: £8,300

EPC

Ground floor - TBC

1st floor flat - D 64

Anti Money Laundering Policy

In accordance with Anti Money Laundering Regulations, the successful purchaser will be required to provide two forms of identification and confirmation of the source of funding.

Legal Costs

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

Viewing

Strictly by appointment with the sole agents Owen Isherwood

Kieran Morgan

Kieran Morgan
Commercial Agent
07904377405
kieran@owenisherwood.com

Adam Fenney

Adam Fenney
Director
07983 204530
adam@owenisherwood.com

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