Offers in region of
£1,175,000
(£614.54/sq. ft)
Property for saleEastgate House, 221-227 High Street, Guildford GU1
1,912 sq. ft
About this property
Fully tenanted investment.
Three separate tenants generating a rent of £95,100pa.
Premises falling within class "E".
Ground rent freehold also available.
Can be sold in part or as a whole.
Guildford benefitting from a low retail vacancy rate of 6% - 7% compared to a national average of 13.5%.
A ground floor, retail investment portfolio of three premises, let to three tenants all within class "E". Each unit internally is square in shape, with fire escapes to the rear and a generous amount of floor-to-ceiling natural light from the front windows.
Location
Situated in Guildford town centre along the main High Street in a strong secondary retailing pitch. Nearby occupiers include kfc, Pizza Express, TSB, Knight Frank and Savills. Guildford mainline railway station is approximately 0.5 miles away, with 40-minute links to London Waterloo. Ample public parking to the rear.
Tenure
221 High Street agreed a 10-year lease with a 5th year break clause and rent review, completed August 2026 to Sushi Co. Let at £47,500pa.
225 High Street renewed their lease in July 2023 to a barbershop on a 15-year lease with 5th year anniversary reviews and no break clauses. Let at £23,500pa.
227 High Street let to a phone repair and vape shop in May 2022 on a 10-year lease with a 5th year break clause and rent review. Let at £23,500pa.
Freehold for the block available as part of this sale, with a ground rent of £600pa.
Mortgage calculator
£5,877 per month
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