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Long Leasehold Investment, 55 St Johns Street, Godalming, GU7 3EH

507 Sq Ft / Retail / Retail - High Street

Sold - Last updated: 26 October 2017

A lock-up shop of approximately 507 sq ft (47 sq m) with cloakroom and kitchenette, with the real advantage of a rear access and car park space.

Location

Situated in a modern parade of shops, close to the Co-op and Main Line Station (Waterloo under the hour).  Bus stop and casual parking to the front , easy access to the A3 trunk road, Guildford is approximately 3 miles and Godalming Town Centre is approximately 1 mile.

Accommodation

Full width glazed front window

Internal frontage - approx 14'6 (4.5 m)

Build depth - approx 37'3 (11 m)

Sales area - approx 507 sq ft (47 sq m)

Cloakroom

Kitchenette

Rear access and parking space

Terms

THE INVESTMENT

The property is let on lease from 1st August 2014 to Paul Chillman t/a Tax Assist Accountants for a period of 5 years with a tenant only break, subject to 3 months notice in July 2017 at a rental of £XXXax rising by £XXXax on 1st August 2017 and £XXXax on 1st August 2018. Copy lease available. 

HEAD LEASE 

The head lease is for 125 years from 1st January 1966 at a ground rent of £XXXa 

RATES - RV   £7,XXXa - We have been informed by Waverley that small business rate relief could be applied for on this property.

PRICE - £79950 for the long leasehold with the benefit of the income from the lease to Paul Chillman   


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