£350,000
(£168.35/sq. ft)
Retail premises for sale125 High Street, Cranleigh GU6
2,079 sq. ft
EPC Rating: D
Just added
Freehold
About this property
Investment Property Let to Strong Covenant.
Located in Attractive Surrey Village of Cranleigh.
Quoting Price Represents a giy of 7.86%
Lease inside Act with Expiry in June 2027
Fully Repairing and Insuring Lease
Estimated Rates Payable: £11726.5
Description
125 High Street is a ground floor retail unit currently occupied by Oxfam and benefits from a small mezzanine storage area to the rear of the shop and 2 demised car parking spaces in the yard to the rear. This property offers significant potential to purchase a solid income producing asset in a very desirable part of Cranleigh High Street.
Location
The subject property is located on a prime pitch of Cranleigh High Street in Surrey. Cranleigh is a bustling village located roughly 9 miles South of Guildford and 10 miles Northwest of Horsham. Nearby occupiers include Cook, M&S, Sainsbury’s & Pizza Express
Tenancy Details
Oxfam are in occupation on an inside the act lease which expires in June 2027, paying a rent of £27,500 per annum. The quoting price represents a Gross Initial Yield of 7.86%.
125 High Street is a ground floor retail unit currently occupied by Oxfam and benefits from a small mezzanine storage area to the rear of the shop and 2 demised car parking spaces in the yard to the rear. This property offers significant potential to purchase a solid income producing asset in a very desirable part of Cranleigh High Street.
Location
The subject property is located on a prime pitch of Cranleigh High Street in Surrey. Cranleigh is a bustling village located roughly 9 miles South of Guildford and 10 miles Northwest of Horsham. Nearby occupiers include Cook, M&S, Sainsbury’s & Pizza Express
Tenancy Details
Oxfam are in occupation on an inside the act lease which expires in June 2027, paying a rent of £27,500 per annum. The quoting price represents a Gross Initial Yield of 7.86%.
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Monthly repayment
£1,750 per month
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