WESTWOOD AND COMPANY
A FANTASTIC CLASS E INVESTMENT PROPERTY FOR SALE FREEHOLD Let to Prezzo on a 25 year lease from 2006, Producing £57,500 pax + vat. This is an amazing building of over 3,500sqft (330sqm) all on the ground floor with a beautiful herringbone trussed roof and full width lantern.
Price: Offers in excess of £850,000 stc + vat. To be sold as a TOGC to appropriate buyers.Therefore no vat to pay
Address: 8 Queen Street
Postcode: GU7 1BD
Tenure: Freehold Investment
Approx. Square Feet: 3,548
Built in 1901 for the Victorian Motor Company, this unlisted Victorian masterpiece is built of brick, with a steel herringbone trussed roof, full width lantern and a pitched slate roof. The property has been used for a variety of activities, prior to Prezzo converting the property it was used as auction rooms over two floors. Prezzo took the first floor out and made the stunning restaurant we see today which can accommodate over 100 covers.
Located 100 yards off the High Street directly opposite Queen Street Car Park. The
Car Park is free for most of the evening and during the day is rarely full, making
visiting Prezzo a worry free exercise. Godalming is prosperous small town of around
20,000 people. 4 Miles south of Guildford and about 2 miles off the A3 at Compton.
There is a main line station to Waterloo.
Restaurant Area: 3,035sqft (282sqm)
Kitchen: 226sqft (21sqm)
Mess Room and Stores: 132sqft (12.3sqm)
Public Toilets: 154sqft (14.37sqm)
Total Area: 3,548sqft (329.67sqm).
Beautifully presented with the particular features of the roof and Lantern.
Let on full repairing and insuring terms for a period of 25 years from 21st March 2006 with five yearly rent reviews and no breaks, inside the 1954 Landlord and Tenant Act (copy lease available).
From April 2023 £71,500.
Offers in excess of £850,000 stc + vat.
To be sold as a TOGC to appropriate buyers.Therefore no vat to pay
By appointment with sole agents Westwood and Company, or maybe a decent lunch, the food is pretty good!
WESTWOOD AND COMPANY