FREEHOLD INVESTMENT PROPERTY FOR SALE Producing £20,400pa. Let to Midshires Care Ltd until 2027
Located in the centre of Godalming, a prosperous small town, with all the main amenities, Waitrose, Sainsbury’s etc. Waverley Borough Council Headquarters, Charterhouse School, all less then 4 miles from Guildford, 2 miles from the A3 (M25 junction 10) and about 30/40 minutes drive from Heathrow and Gatwick.
Price: £350,000 STC no VAT
Address: Regency House
6b Queen Street
Town: Godalming
County: Surrey
Postcode: GU7 1BD
Tenure: Freehold Investment.
Approx. Square Feet: 760
PROPERTY DETAILS
A late 20th Century built three storey steel frame and brick building comprising a ground floor E class unit with two residential flats over, sold on long ground leases.
Accommodation:
Ground Floor: 760sqft net useable area.
With wc’s and air conditioning.
First and Second Floors, self contained 2 bed flats on each floor.
The Lease:
Ground Floor let on fri terms for a period of 5 years from January 2022 at £20,000pax no vat, no break. Outside the 1954 Landlord and Tenant Act. Copy lease available upon request.
First and Second Floors: 125 year ground lease from 2015 at a current ground rent at £200 pa each.
Copy leases available.
Total income: £20,400pa.
EPC: Rating E expires 2023.
Rateable Value: £15,750.
Price: Offers around £350,000 stc no vat.
WESTWOOD AND COMPANY