High Street, Godalming, Surrey, GU7
£149.03 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
8,723 sq ft
810 sq m
- SECTOR
High street retail property for sale
Key features
- 2-storey retail building extending to approximately 8,723ft² situated on a site of 0.11 acres
- Fully let to Boots until 2028 at a passing rent of £97,250pa
- Potential for future residential re-development of the upper and rear parts subject to obtaining necessary consents and possession
- Offers invited in the region of £1,300,000 which reflects £149psf on the existing areas and 7.06% NIY
Description
The existing property comprises a 2-storey double fronted retail building.
The ground floor consists shop floor and rear loading bay which extends to approximately 4,391ft² with the first floor extending to approximately 4,332ft² and providing storage space, offices and toilets.
LOCATION:
The property occupies a prominent position on the corner of the High Street and Moss Lane within Godalming, Surrey.
The High Street provides numerous amenities and commercial offerings.
Godalming train station is located 0.3 miles from the property providing frequent services into London Waterloo in 40 minutes.
TENANCY:
The entire property is let to Boots UK Limited (trading as Boots Pharmacy) on a 10 year FR & I lease from 24.06.2018 at a current rent of £97,250 per annum.
Boots currently operate from 2,300 stores across the UK.
PLANNING & DEVELOPMENT:
The property is not listed but sits within the Godalming Conservation Area.
The first floor offers potential for future re-development subject to obtaining necessary consents and vacant possession.
TENURE:
The property is being sold freehold with the existing tenancies remaining in situ.
VAT:
We understand the property is elected for VAT, the sale will be a TOGC.
TERMS:
Offers invited in the region of £1,300,000 which reflects £149psf on the existing areas and 7.06% NIY.
Brochures
High Street, Godalming, Surrey, GU7
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Godalming Station0.2 miles
- Farncombe Station0.9 miles
- Milford Station1.8 miles
About Kingsbury, London
32-34 Baker Street Weybridge Surrey KT13 8AU
Notes
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