WESTWOOD AND COMPANY
PROMINENT FREEHOLD E CLASS INVESTMENT FOR SALE
137 High Street is perhaps the most prominent building in the centre of Cranleigh, which is a thriving centre with a Sainsbury’s, M&S Food, independent Bakers, butchers and fishmonger as well as multiple traders such as Specsavers, WHSmith’s, Co-Op, Boots, Superdrug, Costa, Manns and the up market specialist trader 140. Essentially Cranleigh is a self contained very prosperous small town (it is described as England’s largest village) and is growing with a number of major developments currently taking place.Including nearby Dunsfold Park which has consent for 2/3000 houses and retention of the industrial estate.
Price: £450,000 STC + VAT.
Address: 137 High Street
Town: Cranleigh
County: Surrey
Postcode: GU6 8AU
Tenure: Freehold Investment
Approx. Square Feet: 786
Approx. Square Metres: 73
Parking: No parking
PROPERTY DETAILS
DESCRIPTION:
A substantial former bank building arranged over 3 floors, with the two upper floors sold on long leases as two self contained flats and the ground floor let as a dog grooming parlour with rear yard. The property is constructed of brick with a pitched and tiled roof, it is not listed as far as we are aware, but it is within the Cranleigh Conservation Area.
SITUATION:
137 High Street is perhaps the most prominent building in the centre of Cranleigh, which is a thriving centre with a Sainsbury’s, M&S Food, independent Bakers, butchers and fishmonger as well as multiple traders such as Specsavers, WHSmith’s, Co-Op, Boots, Superdrug, Costa, Manns and the up market specialist trader 140. Essentially Cranleigh is a self contained very prosperous small town (it is described as England’s largest village) and is growing with a number of major developments currently taking place.Including nearby Dunsfold Park which has consent for 2/3000 houses and retention of the industrial estate.
ACCOMMODATION:
Ground Floor
Main Shop: 33/7 x 18/10 = 631 sqft (59sqm)
Rear Shop: 11 x 10 = 110 sqft (10sqm)
Tea Area/ store: 40 sqft (3.7sqm)
Total Area: 786 sqft (73sqm).
Outside Yard Area: 20 x 10/6.
There is a basement via a trap door in the shop which has not been measured. First and second floors accessed by separate entrance, two self contained flats sold on long leases.
THE LEASES:
Ground Floor:
Let on a full repairing and insuring lease (subject to a schedule) to 4 Paws Mobile Spa Ltd for a period of 5 years 3 months from 1st September 2018 at a current rent of £28,000pax + vat. There was tenant only break clause after 3 years 3 months, subject to 6 months prior notice, copy lease available.
First and Second Floors: Two long ground leases, ground rent £200pa each. Details to follow.
TERMS:
Offers are invited around £450,000 STC + vat (We expect to sell as a going concern) subject to all the existing leases.
Total Income:
Ground Floor: £28,000 + vat.
First Floor: £200
Second Floor: £200
Total: £28,400.
E.P.C:
E-113.Valid to July 2028
RATEABLE VALUE:
£24,000pa at approx. 50p in the £.
VIEWING:
Strictly by appointment with sole agents.
WESTWOOD AND COMPANY