From
£350,000
(£449.87/sq. ft)
Property for sale64 / 64A Chertsey Street, Guildford GU1
778 sq. ft
Freehold
About this property
A well positioned investment property, centrally located.
Two tenants currently producing £25,200 p.a.x. Of rental income.
No onward chain.
A gross yield of approximately 7.15%
Low lot size, only £350,000
Description
Ground and first floors, comprising - A ground floor lock up shop with an approximate 16 foot frontage with rear ancillary food prep space and a small portion of the rear garden, together with separate first floor residential accommodation with a ground floor shower and toilet at the end of the residential entrance hallway street entrance.
Location
The property is on Chertsey Street in central Guildford between York Road and the High Street close to Martyr Road, a short walk to Waitrose. The subject property is surrounded by a variety of attractive Grade Listed properties and backs onto Allen House sports facilities grounds.
Terms
£350,000 for the freehold, subject to contract and proof of finance.
Leases
The ground floor - is let to Kallie's Deli at a rent of £12,000 p.a.x. Until 20th October 2030 with tenant only breaks 21st April 2026 and 21st April 2029. The use is Class E(a) retail. The tenant is to maintain in full internal repair., may assign or sub-let and have provided a £3,000 rent deposit. There is a rent review date of 21st October 2025.
The first floor - is let to Moving On Care Management at £1,100 per calendar month for a term to 25th June 2026. The rent is allowed to increase by a minimum of 5%.
Alternative Uses
Nearby Grade II Listed No 60 Chertsey Street has recently been granted Planning Consent for change of use from offices to residential throughout, 14th February 2025.
Ground and first floors, comprising - A ground floor lock up shop with an approximate 16 foot frontage with rear ancillary food prep space and a small portion of the rear garden, together with separate first floor residential accommodation with a ground floor shower and toilet at the end of the residential entrance hallway street entrance.
Location
The property is on Chertsey Street in central Guildford between York Road and the High Street close to Martyr Road, a short walk to Waitrose. The subject property is surrounded by a variety of attractive Grade Listed properties and backs onto Allen House sports facilities grounds.
Terms
£350,000 for the freehold, subject to contract and proof of finance.
Leases
The ground floor - is let to Kallie's Deli at a rent of £12,000 p.a.x. Until 20th October 2030 with tenant only breaks 21st April 2026 and 21st April 2029. The use is Class E(a) retail. The tenant is to maintain in full internal repair., may assign or sub-let and have provided a £3,000 rent deposit. There is a rent review date of 21st October 2025.
The first floor - is let to Moving On Care Management at £1,100 per calendar month for a term to 25th June 2026. The rent is allowed to increase by a minimum of 5%.
Alternative Uses
Nearby Grade II Listed No 60 Chertsey Street has recently been granted Planning Consent for change of use from offices to residential throughout, 14th February 2025.
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Monthly repayment
£1,750 per month
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