£485,000
(£413.79/sq. ft)
Retail premises for sale35, Madrid Road, Guildford GU2
1,172 sq. ft
Freehold
About this property
Retail investment
Estimated Rates Payable: £3792.4
Description
The subject property features a retail unit on the ground floor currently leased to a launderette user for a term of 15 years from Jan 2019. Every 5th anniversary rent reviews are linked to greater of rpi & omrr. The most recent rent review increased the rent to £16,800 per annum.
There is also a vacant 2-bedroom flat on the upper floor, which also includes a bathroom and lounge/kitchen. Accessed separately from the retail unit.
There is a generous garden to the rear of the property.
Location
Located on a busy access road into Guildford Town Centre, (0.5 miles away), the Station (0.2 miles away), University of Surrey, Cathedral, Hospital and A3 slip road are all within close vicinity. Guildford is Surrey’s principal town with excellent shopping and commercial base.
Investment Details
Retail Unit - £16,800 per annum (rpi Rent Review 24’), expires 2034.
Flat - Vacant - Estimated rental value is £1,500 - £1,600 mth
EPC
Ground floor - tbc
1st floor flat - D 64
The subject property features a retail unit on the ground floor currently leased to a launderette user for a term of 15 years from Jan 2019. Every 5th anniversary rent reviews are linked to greater of rpi & omrr. The most recent rent review increased the rent to £16,800 per annum.
There is also a vacant 2-bedroom flat on the upper floor, which also includes a bathroom and lounge/kitchen. Accessed separately from the retail unit.
There is a generous garden to the rear of the property.
Location
Located on a busy access road into Guildford Town Centre, (0.5 miles away), the Station (0.2 miles away), University of Surrey, Cathedral, Hospital and A3 slip road are all within close vicinity. Guildford is Surrey’s principal town with excellent shopping and commercial base.
Investment Details
Retail Unit - £16,800 per annum (rpi Rent Review 24’), expires 2034.
Flat - Vacant - Estimated rental value is £1,500 - £1,600 mth
EPC
Ground floor - tbc
1st floor flat - D 64
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