Freehold Guide Price £650,000- Business unaffected.
Good quality mixed use investment in sought after parade on the outskirts of the town centre.
Currently producing £43,500 p.a.
The parade benefits from excellent traffic flow past the shops and has the benefit of parking in the service road.
The property comprises a shop trading as an established hair salon and a three bedroom split level flat arranged over first and second floors. There is one rear parking space.
Please view by appointment only and do not disturb the tenant.
EPC band C- shop.
EPC band C- flat.
Location
Prominent position on the A3100 close to Guildford town centre (approximately 1.5 miles). Sainsbury's and Aldi are close by along with a good range of independent businesses. There is parking in front of the parade.
Accommodation
The shop measures approximately 500 sq ft. Let at £24,000 p.a. on a 12 year lease from 2018. Five yearly rent reviews with the next being 01/08/28. The lease is drafted within the act and the tenant is a private individual - no rent deposit is lodged.
The flat measures approximately 900 sq ft and comprises lounge, kitchen, three bedrooms and bathroom. Let at £1625 pcm on an AST agreement expiring July 2026.
Terms
Tenure: Freehold
Guide Price: £650,000
Rateable Value: The VOA website states a R.V. of £21,000.
Legal Fees: Each party to bear their own.