TERRIFIC FREEHOLD COMMERCIAL INVESTMENT FOR SALE IN GODALMING
PRODUCING £94,000 PA + VAT A YEAR.
LOCATED NEW LETTINGS AND LEASE RENEWAL 2025
IN HOUSE MANAGEMENT
LOCATED IN A PROMINANT POSITION WITH A HIGH FOOTFALL FROM GODALMING COLLEGE STUDENTS
WHO WALK PAST TO THE STATION.
Price: £1,100,000 STC + VAT
Address: 138 - 146 High Street
Town: Godalming
County: Surrey
Postcode: GU7 1AB
Tenure: To Let
Approx. Square Feet: 560
Approx. Square Metres: 52
PROPERTY DETAILS
DESCRIPTION
A vibrant and progressive investment property, uses include Class E and hot food takeaway
(Sui Generis) plus 8 flats sold on 125-year leases from 2008. Originally built in 1963, the property was
extensively modernised and extended in 2006/8 to convert the first and second floor oAices into 8 residential
flats. A new stair tower and lift were constructed and in 2019 No.138 was added on the side.
SITUATION:
Located in a prominent position fronting station road and opposite Dominos.
Features include high foot fall from Godalming College students
who walk past the property on their way from Godalming station to college.
Godalming is a thriving Town, main employers include Waverley Borough Council,
Godalming College and Charterhouse School. Guildford is 4 miles north and the A3
is about 2 miles giving access to the M25 at junction 10.
THE LEASES
Shops and flats
146 - New 12 year FRI lease, no breaks, 4
yearly upward only rent reviews, rent
£20,000 pax + VAT.
144 - 10 year FRI lease from 2017, current
rent £18,000 pax + VAT.
142 - 5 year FRI lease from 2025, three
year tenant only break, current rent
£19,000 pax + VAT.
140 - 5 year FRI lease with tenant only
break after 3 years, current £19,000
pax + VAT.
138 - 10 year FRI lease from 2025 with
tenant only break after 5 years,
current rent £18,000 pax + VAT.
The flats all let on 125 year leases, nominal
ground rent, from 2008. Tenants
funds held, management in house.
*Please note a member of
Westwood and Company has an
interest in this property.
Total rental income £94,000 pax + VAT:
PRICE:
£1,100,000 STC + VAT
LEGAL COSTS:
Each party to pay their own legal costs.
WESTWOOD AND COMPANY