Tenanted Investment For Sale

Income-Producing Commercial Property Investment

751 sq. m. / 8,083 sq. ft.

Currently Producing £42,725 p.a. Rental Income

Asset Management Opportunities

On-Site Parking Spaces

Location

Weyford House is located on Woodbridge Meadows in Guildford. This is an established commercial area which benefits from vehicle access to the A3, London to Portsmouth trunk road, close-by at the Cathedral Hill intersection and also proximity to Guildford Mainline Railway Station.

Description

Weyford House was originally constructed in the 1960s as a light industrial building. It is a block-work construction arranged over ground floor level and part first floor. There is a more recent extension to the property used as a workshop. The front elevation is timber clad, with uPVC casement windows and a flat felt roof, which has been recently replaced. There is a parking area at the front of the property for approximately 15 cars. To the rear there is a small outside area currently demised to one of the tenants.

Internally the property consists of three self-contained units. These units each vary in their fit-out according to the type of occupying tenant.

Accommodation

The net internal areas are approximately:

Unit 1: 253.19 sq. m. / 2,725 sq. ft.

Unit 2: 235.6 sq. m. / 2,536 sq. ft.

Unit 3: 262.18 sq. m. / 2,822 sq. ft.

Total: 750.97 sq. m. / 8,083 sq. ft.

Rateable Values

Unit 1: £10,000

Unit 2: £30,500

Unit 3: £15,000

Passing Rents

Unit 1: £14,700 p.a. / £5.39 / sq. ft.

Unit 2: £14,400 p.a. / £5.68 / sq. ft.

Unit 3: £13,625 p.a. / £4.83 / sq. ft.

Total: £42,725 p.a. / £5.28 / sq. ft.

Price

£795,000 for the long leasehold interest

EPC

Unit 1: E - 111

Unit 2: E - 125

Unit 3: D - 78

Tenure

The long leasehold of the property is available to purchase. This interest is for a 99 year term from 14th February 1961, expiring 13th February 2060. A fixed ground rent of £100 p.a. is payable to the freeholder Guildford Borough Council. Full details available on request.

Occupational Lease Terms

Unit 1: Kevin Young T/A Beeline Taxis

- 5 year eFRI lease term from 1st June 2017

- No breaks

- Outside The Act

- Use as a Taxi Control Centre.

Unit 2: Empower Global T/A Family Church

- 5 year eFRI lease term from 1st June 2017

- No breaks

- Outside The Act

- Use as a Education and Training Centre

Unit 3: Academy of Performance Training Ltd

- 5 year eFRI lease term from 1st June 2017

-Tenant-Only Option to break on 31st may 2019, subject to 6 Months prior notice

- Outside the Act

- Use as a music and dance studio

Legal Costs

Both parties to bear their own legal costs incurred in the transaction.

Property unavailable

Weyford House, 21-22 Woodbridge Meadows, Guildford, GU1 1BA

Thank you for your enquiry

Many thanks, your enquiry has been sent to the agent

Success!

Property unavailable

Weyford House, 21-22 Woodbridge Meadows, Guildford, GU1 1BA

Thank you for your enquiry

Many thanks, your enquiry has been sent to the agent

Success!

NovaLoca