125 High Street
Guildford
Surrey
GU1 3AA

Freehold Retail Investment

  • Let to Estée Lauder Cosmetics Ltd (t/a Jo Malone) until 2027 (subject to option)
  • Prominent position on busy and historic pedestrianised High Street
  • Affluent commuter town
  • Diagonally opposite the newly developed Tunsgate Quarter
  • Nearby occupiers include House of Fraser, Superdrug, Hobbs and Anthropology
  • Lot
    9
  • Auction
    26/Mar/2020
  • Rent
    £105,000 per Annum Exclusive
  • Status
    Withdrawn Post
  • Price*
     
  • Sector
    High Street Retail
  • Auction Venue
    The Montcalm Hotel
    2 Wallenberg Place
    Marble Arch
    London W1H 7TN
  • 125 High Street<br>Guildford<br>Surrey<br>GU1 3AA
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* More information on the term "price" can be found here

Property Information

Location
Miles
6 miles south of Woking
30 miles south-west of London
Roads
A3001, A25 & A3
Rail
Guildford Rail
Air
London Gatwick & London Heathrow Airport
Situation

Guildford is a historic and affluent London commuter town located 30 miles south-west of London and is Surrey's main administrative centre. The town is home to the University of Surrey, as well as being a popular tourist destination. The property occupies a prominent position on the northern side of the attractive pedestrianised High Street, close to its junction with Market Street. Diagonally opposite the property is the newly developed Tunsgate Quarter, which houses occupiers including Oka, Lululemon and Cath Kidston. Other nearby occupiers include House of Fraser, Hobbs, Superdrug, Office, Anthropology and Le Creuset.

Tenure

Freehold.

Description

The property comprises an attractive Grade II listed building comprising a ground floor retail unit with first floor ancillary accommodation.

VAT

VAT is not applicable to this lot.

EPC

Band D. Available at acuitus.co.uk

Tenancy & Accommodation

FloorUseFloor Areas (Approx)TenantTermRent p.a.xReversion
Ground
First
Retail
Ancillary
38.64 sq m
35.11 sq m
(416 sq ft)
(378 sq ft)
ESTEE LAUDER
COSMETICS
LIMITED
t/a Jo Malone (1)
10 years from
29/09/2017 on a full
repairing and insuring
lease (2)
£105,00028/09/2027
Total
73.75 sq m
(794 sq ft)
  £105,000 

(1) For the year ending 30th June 2018, Estée Lauder Cosmetics Ltd reported a turnover of £618,097,000, pre-tax profits of £53,357,000 and a total net worth of £432,442,000 (Source: Experian Group 05/02/2020). The Estée Lauder Companies UK & Ireland is the number one prestige beauty company in the UK, with their brands sold in more than 4,000 doors. Estée Lauder has 25+ UK prestige brands including Jo Malone, Clinique and Bobbi Brown (Source: www.elcompanies.co.uk 27/02/2020). Founded in 1994, Jo Malone London is a British fragrance and lifestyle brand (Source: www.jomalone.co.uk 27/02/2020).
(2) The lease provides an option to determine on 28/09/2022, subject to 6 months' notice. A break penalty of £8,750 is payable if the tenant exercises their break.

If you are the successful bidder, Acuitus requires a separate payment of £1,000 inclusive of VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.

Due to the current restrictions in movement throughout the UK, the property may not have been inspected by Acuitus. Some photographs may not be current and these will be dated where this is the case. Plans showing nearby occupiers and mention of nearby occupiers may reflect a dated situation as some tenants are not currently in occupation. Floor areas and accommodation details are likely to have been obtained from VOA.Gov.UK and the Vendor.

Property Documents

  • Catalogue Page
    Updated Date
    04.03.20
    File Size
    2 MB
    View PDF
  • Site Plan
    Updated Date
    04.03.20
    File Size
    1 MB
    View PDF
  • Common Auction conditions
    Updated Date
    01.07.20
    File Size
    277 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF
  • Money Laundering Regs
    Updated Date
    20.05.20
    File Size
    694 KB
    View PDF
  • Customer Due Dilligence Form
    Updated Date
    20.05.20
    File Size
    585 KB
    View PDF

Contacts

Acuitus
Charlie PowterCharlie Powter +44 (0)20 7034 4853 +44 (0)7768 120904charlie.powter@acuitus.co.uk
Billy StruthBilly Struth +44 (0)20 7034 4854billy.struth@acuitus.co.uk
Associate Auctioneers
Bidwells LLP 25 Old Burlington Street
London
W1S 3AN
Katherine Ilett 0203 761 3633katherine.ilett@bidwells.co.uk
Seller's Solicitors
Coole Bevis LLP Lanes End House,
15 Prince Albert Street,
Brighton
BN1 1HY
Oliver Maxwell-Jones +44 (0)1273 716626 Oliver.Maxwell-Jones@coolebevisllp.com  Laura Prince +44 (0)1273 323231Laura.Prince@coolebevisllp.com

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