PRIME HIGH STREET SHOP INVESTMENT FOR SALE
GODALMING, 83/85 HIGH STREET GU7 1AW
01483 300176
www.wadhamandisherwood.co.uk
Situation
The attractive town of Godalming lies 4 miles south west of Guildford with good
communications by road via the A3 to Portsmouth and London, and by rail regular
fast services to London Waterloo (40 minutes)
Lease
The premises are let to Countrywide Estate Agents Ltd on a 10 year full repairing
and insuring lease from 25th December 2006 at a current rental of £49,000 per
annum.
Description
The property comprises a ground floor shop and first floor 2 bedroom flat with
separate rear access.
Negotiations have commenced with regard to the December 2016 renewal but to
date no notices have been served under the Landlord & Tenant Act. The tenants
have indicated however that they wish to renew the tenancy on terms to be agreed.
Location
The property is situated in a prime High Street position, opposite Boots and
adjacent to Barclays Bank and Holland & Barrett, whilst being close to JoJo
Maman Bebe, Café Nero, Superdrug and WH Smith. A 300 space surface car park
is situated close by.
Established in the 1960s, Countrywide Estate Agents are the largest residential
agent in the country. The year ending 31st December 2015 company accounts
reveal a turnover of £353 million and profit for the year approaching £33 million.
Accommodation
Arranged on Ground, and First Floor the premises afford the following
approximate dimensions and areas:
Internal Width
Shop Depth
Ground Floor Area
ITZA
First Floor with separate
rear access, approach
from the rear yard
comprising 2 bedrooms,
kitchen, lounge, shower
room and WC
27’8”
50’10”
1250 sq.ft.
759
8.4m
15.49m
116.13 sq.m.
Tenure
Freehold
EPC
Available upon request.
VAT
The building has not been elected for VAT and hence VAT will not be payable on
the purchase price.
Proposal
We are instructed to quote a guide price of £775,000 (Seven Hundred and Seventy
Five Thousand Pounds). A purchase at this level would reflect a net initial yield of
6%, assuming purchase costs of 5.44%.
550 sq.ft.
51 sq.m
Viewing Arrangements
All inspections to view must be made by contacting this office. Contact Mark
Isherwood [email protected] or James Finn
[email protected] Tel. 01483 300176.
LOCATION