87 High Street Godalming Surrey GU7 1AP

  • 87 High Street<br>Godalming<br>Surrey<br>GU7 1AP

87 High Street
Godalming
Surrey
GU7 1AP

Freehold Bank Investment

  • Let to Barclays Bank Plc until 2026 (subject to option)
  • Nearby occupiers include Boots the Chemist, WH Smith, Costa Coffee, Fat Face, Superdrug, Caffé Nero, Pizza Express and JD Wetherspoon
  • Highly affluent Surrey market town
  • VAT free bank investment
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot
    11
  • Auction
    8th December 2016
  • Status
    Sold
  • Price
    £1,230,000
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
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Freehold Bank Investment

  • Let to Barclays Bank Plc until 2026 (subject to option)
  • Nearby occupiers include Boots the Chemist, WH Smith, Costa Coffee, Fat Face, Superdrug, Caffé Nero, Pizza Express and JD Wetherspoon
  • Highly affluent Surrey market town
  • VAT free bank investment
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot 11
  • Auction 8th December 2016
  • Status Sold
  • Price £1,230,000
  • Sector
    Bank
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG

Property Information

Location
Miles
4 miles south-west of Guildford, 30 miles south-west of Central London
Roads
A3, A31, M25 (Junction 10)
Rail
Godalming Railway Station
Air
London Heathrow Airport
Situation

The property is located on the southern side of High Street, close to its junction with Church Street, in an excellent trading location in the heart of Godalming town centre. Nearby occupiers include Boots the Chemist, WH Smith, Costa Coffee, Fat Face, Superdrug, Caffé Nero, Pizza Express, JD Wetherspoon and branches of Lloyds, Santander, HSBC and Halifax banks. South Street (approximately 90 space) and Mint Street (approximately 33 space) car parks are both located nearby.

Tenure

Freehold.

Location
Miles
4 miles south-west of Guildford, 30 miles south-west of Central London
Roads
A3, A31, M25 (Junction 10)
Rail
Godalming Railway Station
Air
London Heathrow Airport
Situation

The property is located on the southern side of High Street, close to its junction with Church Street, in an excellent trading location in the heart of Godalming town centre. Nearby occupiers include Boots the Chemist, WH Smith, Costa Coffee, Fat Face, Superdrug, Caffé Nero, Pizza Express, JD Wetherspoon and branches of Lloyds, Santander, HSBC and Halifax banks. South Street (approximately 90 space) and Mint Street (approximately 33 space) car parks are both located nearby.

Tenure

Freehold.

Description

The property comprises a ground floor banking hall with office/ancillary accommodation on the first and second floors.

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property comprises a ground floor banking hall with office/ancillary accommodation on the first and second floors.

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Floor Use Floor Areas (Approx) Tenant Term Rent p.a.x Reviews
Ground
First
Second		 Banking Hall
Office/Ancillary
Office/Ancillary
180.78 sq m
78.78 sq m
44.87 sq m
(1,946 sq ft)
(848 sq ft)
(483 sq ft)
 BARCLAYS
BANK PLC (1)		 20 years from
22/03/2006 until
21/03/2026 (2) on
a full repairing
and insuring lease (3)		 £57,600 25/03/2018
25/03/2023
Totals
304.43 sq m
(3,277 sq ft)
     £57,600  

(1) For the year ending 31st December 2015, Barclays Bank Plc reported pre-tax profits of£2,841,000,000 and a total net worth of £55,845,000,000 (Source: Experian Group 25/10/2016).
(2) The lease is subject to a tenant break option on 21/03/2021 subject to 6 months prior written notice.
(3) The lease is subject to a Schedule of Condition.

Contacts

Acuitus
David MargolisDavid Margolis +44 (0)20 7034 4862 +44 (0)7930 484 440david.margolis@acuitus.co.uk
Seller's Solicitors
Marshall Hatchick Solicitors The Ancient House, 22 Church Street
Woodbridge
Suffolk
IP12 1DH
Colin Clark 01394 388 411colin.clark@marshallhatchick.co.uk

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk
Property InsuranceBrown & BrownNatasha WardBroking Director+44 7545 208 759bbrown.com

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