WESTWOOD AND COMPANY
FREEHOLD SHOP (E Class) INVESTMENT IN GUILDFORD`S BEST NEIGHBOURHOOD PARADE FOR SALE FREEHOLD
SHOP LET ON A 10 YEAR LEASE FROM APRIL 2020,
Collingwood Crescent is a vibrant and fully occupied neighbourhood parade
which includes a One Stop double unit, a café, a butchers, hairdressers, green grocers and
physiotherapy practice. It also has parking to the front, rear and side. There are several local
schools within a few hundred yards and a densely populated catchment area, known locally
as Boxgrove Park. Guildford Town Centre is about a mile, the A3 trunk road about 2 miles
and the A246 Guildford to Leatherhead road about 500 yards.
Price: £340,000
Address: 117 Collingwood Crescent
Town: Guildford
County: Surrey
Postcode: GU1 2PF
Tenure: Freehold
Approx. Square Feet: 1011
Approx. Square Metres: 93.86
PROPERTY DETAILS
117 is a late 1960’s built inner terrace property constructed of brick/ concrete frame under a flat roof. Features include a lock-up garage, ample parking and rear loading. The shop is let to a five branch electrical retailer, RSM Domestic Appliances Ltd on a ten year full repairing and insuring lease from 30th April 2020 at a rental of £18,000pax with a mutual break clause, subject to 6 months prior notice after 5 years, together with an upward only rent review, should the break not be exercised. It should be noted that this unit has been an electrical retail unit for many years, prior to this current letting.
ACCOMMODATION:
117 Collingwood Crescent:
Shop area: 851sqft (79sqm)
Lock up garage: 160sqft (14.86sqm)
Private parking to the rear, rear loading doors. Forecourt parking to the front and also parade
car park to the side.
RATEABLE VALUE: £12,000pa. (qualifies for full small business rate relief)
THE INVESTMENT: The shop is let to an excellent local covenant RSM Domestic
Appliances Ltd. For a period of 10 years, with a mutual break clause after 5 years at an
annual rent of £18,000pax. We are advised the vat does not apply. We understand the recent
letting at 123 and 125 Collingwood Crescent were at £20,000pax.
PURCHASE PRICE: Guide £340,000 freehold (We understand the property is not vat registered
EPC:
Shop D76
VIEWING: Strictly by appointment with sole agents.
WESTWOOD AND COMPANY