The property comprises the entire ground floor of a character Victorian/ Edwardian building of two floors, built of brick under a pitched slate roof.
Major employers in the area include Charterhouse School and Waverley Borough Council.
Location
Located just off the main High Street, nearby traders include Prezzo’s restaurant, Robert Dyas, and the Baptist Church. Queen Street car park is opposite. Godalming is a thriving market Town, 4 miles south of Guildford, 2 miles off the A3 Trunk road, giving easy access to both Heathrow and Gatwick as well as the motorway network at junction 10 M25. Godalming is on the main Portsmouth to Waterloo line.
Accommodation
The main shop front is open plan, along with a rear kitchen/storage area and a side store room, also with male and female toilets at the rear of the property.
Main shop front: 41’05” x 27’05” = 1127.8sqft.
Rear kitchen/store area: 25’07” x 10’10” = 277.40sqft.
Net area: 1,405sq/ft (130sq/m)
Terms
PRICE: Offers in excess £225,000 stc plus vat.(No vat if sold as a going concern to a vat registered entity)
THE LEASE: The property is let on a new fri lease from January 1st 2023 for 10 years with a tenant only break after 5 years and rent review, at a commencing rental of £23000 pax + vat rising to £24000 pax + vat after 12 months.
E.P.C: Rating C.
RATEABLE VALUE: £23,750.
The two flats on the first floor are sold on 125 yer leases from 2016 at ground rents of £200pa each, this income accrues to the Freeholder.