WESTWOOD AND COMPANY
FREEHOLD RETAIL AND GROUND RENT INVESTMENT FOR SALE Producing £7,395pa Potential for lease renewal and payment for consent to change the Newsagents shop into residential.
Located on the main A246 Epsom Road into Guildford. The commercially let unit currently trading as a hairdressers enjoys high visibility from the main road. Guildford Town Centre is about 2 miles, Merrow Centre about ½ mile. Access to the A3 at Burpham is about 1 mile.
Price: £125,000
Address: 172 Epsom Road
Town: Guildford
County: Surrey
Postcode: GU1 2RR
Tenure: Freehold
Approx. Square Feet: 520
Approx. Square Metres: 48.3
PROPERTY DETAILS
The property comprises the freehold of two shops and three flats, each of the flats are sold on ground leases and the newsagents shop is also sold on a 999 year ground lease. No 172a (The Hairdressers) is let on a 7 year commercial lease from 2018 The flat over the front unit has 63 years left on its lease. The building is a mixture of Victorian construction and a post war extension. Please see the lease schedule.
ACCOMMODATION:
172a Epsom Road:
Shop: 27/6 x 11/9 =323sqft (30sqm)
Kitchen/ Store: 9/10 x 7/10 =77sqft (7.2sqm)
Basement: 11/5 x 10/5 =120sqft (11.15sqm)
Total: 520sqft (48.3sqm).
SCHEDULE OF THE LEASES:
1) Epsom Road (The Hairdressers) 7 year lease from 10th November 2018 current rent to expiry date £7,200pax (no vat).
2) Newsagents Shop- 999 years from 25/3/89 - Ground Rent £25 per annum.
3) Ground Floor Rear Flat- 999 years from 25/3/89 - Ground Rent £25 per annum.
4) First Floor Rear Flat – 999 years from 25/3/89 – Ground Rent £25 per annum
5) First Floor Rear Flat- 99 years from 22/8/86- Ground Rent of £120 pa from 2019, rising to £180pa in 2052.
PRICE:
Offers around £125,000 STC for the Freehold interest and income.
E.P.C:
E-113
VIEWINGS:
Viewing strictly by pre arranged appointment with Westwood and Company.
WESTWOOD AND COMPANY