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12B Worplesdon Road, Woodbridge Hill, Guildford, GU2 9RW
697 Sq Ft / Other / Residential
Withdrawn - Last updated: 14 May 2024
Summary
The property lies within the middle of a parade along Worplesdon road. The Freehold includes the ground floor cake and coffee shop retailer with the existing lease running until 1st September 2030, paying £17,500 per annum, outside the LTA 1954 with a mutual break option on 1st September 2025. The ground floor retail includes a quality fitted out customer and retail display area, with rear kitchens and stores.
The above large 3-bedroom flat has a 99-year lease from 24th June 1997, with current annual ground rents of £100. The occupier has previously requested for an extension of the long leasehold.
The large rear yard provides plentiful customer parking, with scope for additional development akin to the works completed by the neighbouring property.
Key Points
Tenanted ground floor retailGood reversionary yieldLarge rear car park with development potential3-bed long leasehold flat with lease extension opportunityLovely Outdoor Seating Area with Canopy Decking
Viewings
Strictly by appointment with the sole agents Curchod & Co.
Legal Costs/VAT
Each party to be responsible for the payment of their own legal costs incurred in the sale.
Prices are quoted exclusive of VAT which may be charged.
Anti Money Laundering
To comply with Anti Money Laundering regulations, Curchod & Co undertake ID checks for all successful purchasers and tenants where legislation requires us to do so.
Location
The property is located within a prominent local parade along the Southern end of Worplesdon Road, less than a mile from the A3 access at Cathedral Hill and two miles from Guildford Town centre.
The unit is set back from the road and benefits from a forecourt area to the front plus a large parking area to the rear which could accommodate roughly 8 car parking spaces.Terms
Sale of the Freehold with offers in the region of of £299,500
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