Eastgate House, 221-227 High Street, Guildford, GU1 3BJ

Key Points

• 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%.

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.

Description

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

Accommodation

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.

Price

Offers in the region of £1,175,000 + VAT for the whole portfolio. Can be sold separately.

Anti Money Laundering Policy

In accordance with Anti Money Laundering Regulations, the successful purchaser will be required to provide two forms of identification and confirmation of the source of funding.

Legal Costs

Each party to bear their own legal costs incurred in the transaction

Viewing

Strictly by appointment with the sole agents Owen Isherwood