Retail Unit with a Large Self Contained Studio Flat
Retail Let to Oxfam since 2000
Large Studio flat let on AST
Highly Affluent and Desirable London Commuter and University Town
Nearby Occupiers Include Strutt & Parker, Rymans, Starbucks and KFC
Lot 24
Auction 12th July 2022
Rent £50,500 per Annum Exclusive
Status Sold
Price £719,000
Sector High Street Retail
Auction Venue Live Streamed Auction
Property Information
Location
Miles
6 miles south of Woking, 30 miles south-west of London
Roads
A3001, A25, A3
Rail
London Road Railway station & Guildford Railway station
Air
London Gatwick Airport, London Heathrow Airport
Situation
Guildford is a popular and affluent London commuter town benefiting from excellent transport links to London, with the A3 road link nearby and direct trains to London Waterloo with a fastest journey time of 32 minutes. The property is prominently situated on the south side of the High Street within close proximity to Royal Grammar School Guildford, a number of public car parks and an array of national retailers including Sofa.com, Strutt & Parker, Rohan, Starbucks and KFC. The town is also home to the University of Surrey.
Tenure
Freehold.
Location
Miles
6 miles south of Woking, 30 miles south-west of London
Roads
A3001, A25, A3
Rail
London Road Railway station & Guildford Railway station
Air
London Gatwick Airport, London Heathrow Airport
Situation
Guildford is a popular and affluent London commuter town benefiting from excellent transport links to London, with the A3 road link nearby and direct trains to London Waterloo with a fastest journey time of 32 minutes. The property is prominently situated on the south side of the High Street within close proximity to Royal Grammar School Guildford, a number of public car parks and an array of national retailers including Sofa.com, Strutt & Parker, Rohan, Starbucks and KFC. The town is also home to the University of Surrey.
Tenure
Freehold.
Description
The property forms part of an attractive terrace and comprises ground floor retail accommodation with ancillary accommodation on the first floor. A large studio flat occupies the second floor and is accessed via the alleyway to the west of the property.
VAT
VAT is not applicable to this lot.
Completion Period
Six week completion available.
EPC
Band D (Commercial), Band E (Residential)
Description
The property forms part of an attractive terrace and comprises ground floor retail accommodation with ancillary accommodation on the first floor. A large studio flat occupies the second floor and is accessed via the alleyway to the west of the property.
VAT
VAT is not applicable to this lot.
Completion Period
Six week completion available.
EPC
Band D (Commercial), Band E (Residential)
Tenancy & Accommodation
Floor
Use
Floor Areas Approx sq m
Floor Areas Approx sq ft
Tenant
Term
Rent p.a.x.
Reversion
Ground First
Retail Ancillary
56.70 46.50
(611) (501)
OXFAM (CRN 00612172) (1)
5 years from 26/11/2020
£41,500
25/11/2025
Second
Residential
57.00
(614)
INDIVIDUAL
Assured Shorthold Tenancy from 16/06/2017
£9,000 (3)
Holding Over
Total Approximate Commercial Floor Area
160.20 sq m
(1,726 sq ft) (2)
£50,500
(1) Oxfam (CRN 00612172) was set up in 1942 and is a development, relief and campaigning organisation and part of Oxfam International. The tenant has been in occupation since January 2000. (2) The commercial floor areas stated above are those published by the Valuation Office Agency (www.voa.gov.uk). The residential floor areas stated above have been provided by an EPC taken in 2019. (3) The rent stated above has been annualised. Under the terms of the AST the current rent reserved is £750 per calendar month. A rent deposit of £800 is held by the Seller.
If you are the successful bidder, Acuitus requires a separate payment of £1,250+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.
