From
£2,360,000
(£1,712.63/sq. ft)
Retail premises for sale48 High Street, Guildford GU1
From 1,378 - 4,839 sq. ft
EPC Rating: E
About this property
Situated in the heart of Guildford, the High Street is a vibrant retail destination, well known for its diverse mix of retail and food & beverage offerings.
The town boasts a strong and affluent consumer base, with a resident population of approximately 145,000 and a wider catchment area of around 430,000. Guildford consistently records high levels of retail expenditure.
The property comprises a well-configured retail unit, arranged over the ground, basement, and part first floors.
The first and second floors feature a spacious four-bedroom flat, currently vacant and in need of refurbishment. Access to the residential accommodation is via Quarry Street.
The retail element is let to Procook Limited on a 10-year lease commencing in 2023, at a current rent of £140,000 per annum. There is a tenant break option at the end of the fifth year.
There is clear potential to add value through the residential upper parts, which previously held planning permission for conversion into four one-bedroom flats.
Prime Retail and Residential Investment in Prime Guildford
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