Class E Investment Property FOR SALE FREEHOLD Producing £23400pax rising to £24400 from January 2024
The property comprises the entire ground floor of a character Victorian/ Edwardian building of two floors, built of brick under a pitched slate roof.
Located just off the main High Street, nearby traders include Prezzo’s restaurant, Robert Dyas, and the Baptist Church. Queen Street car park is opposite. Godalming is a thriving market Town, 4 miles south of Guildford, 2 miles off the A3 Trunk road, giving easy access to both Heathrow and Gatwick as well as the motorway network at junction 10 M25. Godalming is on the main Portsmouth to Waterloo line.
Major employers in the area include Charterhouse School and Waverley Borough Council.
Price: Offers in access of £225,000 stc.
Address: 10 Queen Street
Town: Godalming
County: Surrey
Postcode: GU7 1BD
Tenure: Freehold Investment
Approx. Square Feet: 1405
Approx. Square Metres: 130
PROPERTY DETAILS
SITUATION AND DESCRIPTION:
The property comprises the entire ground floor of a character Victorian/ Edwardian building of two floors, built of brick under a pitched slate roof.
Located just off the main High Street, nearby traders include Prezzo’s restaurant, Robert Dyas, and the Baptist Church. Queen Street car park is opposite. Godalming is a thriving market Town, 4 miles south of Guildford, 2 miles off the A3 Trunk road, giving easy access to both Heathrow and Gatwick as well as the motorway network at junction 10 M25. Godalming is on the main Portsmouth to Waterloo line.
Major employers in the area include Charterhouse School and Waverley Borough Council.
ACCOMODATION:
The main shop front is open plan, along with a rear kitchen/storage area and a side store room, also with male and female toilets at the rear of the property.
Main shop front: 41’05” x 27’05” = 1127.8sqft.
Rear kitchen/store area: 25’07” x 10’10” = 277.40sqft.
Net area: 1405sq/ft (130sq/m)
PRICE:
Offers in excess £225,000 stc plus vat.(No vat if sold as a going concern to a vat registered entity)
THE LEASE:
The property is let on a new fri lease from January 1st 2023 for 10 years with a tenant only break after 5 years and rent review, at a commencing rental of £23000pax+vat rising to £24000pax+vat after 12 months.
VIEWINGS:
Strictly by appointment with Vendors Sole Agents.
E.P.C:
Rating C.
RATEABLE VALUE:
£23,750.
The two flats on the first floor are sold on 125 yer leases from 2016 at ground rents of £200pa each, this income accrues to the Freeholder.
WESTWOOD AND COMPANY