128 - 130 High Street & 13-17 Tunsgate, Guildford, Surrey

Key Points

• A rare opportunity to purchase a prime shop and office portfolio in the heart of Guildford Town Centre.
• Family owned for over 40 years.
• Availble as one lot.
• Pedestrianised Tunsgate much improved with many new occupiers some enjoying outside seating and creating a busy environment.
• Traders in Tunsgate include Gail's Bakery, Ivy, OKA, Farrow & Ball, Bang & Olufsen and the Asian Ivy Resturant.
• Sydenham Road Multi Storey car park a stones throw away.
• High Street occupiers close by include Anthropologie, Barbour, Montezumas Chocolates, Hobbs and Jigsaw.

Location
Guildford is the county town of Surrey and regarded as one of the premier retail locations within the UK with an affluent population and excellent communications by rail and road to London and the Southwest. The town benefits from frequent rail services into London Waterloo (33 minutes), Reading (35 minutes) and Gatwick (39 minutes). London Heathrow Airport is located approximately 29 miles northeast of the town and London Gatwick 30 miles to the southeast via the M25 in both cases. In terms of demographics Guildford has some 510,000 persons within its retail catchment area with an estimated shopping population of 241,000 persons. 70% of the population are categorised within the most affluent groups ABC1 and average house prices are twice the national average.Guildford is ranked 2nd out of 200 promis centres on the PMA affluence indicator.The town has a significant student population with the University of Surrey with some 16,000 students in the town. Guildford is a popular commuter town with over 8 million people using the principal station in 2017/2018. Major employers include Allianz Insurance, Phillips, Bae Systems, EA Games & Sano

Situation
The properties are situated at the corner of pedestrianised High Street and Tunsgate in prime position. High Street retailers close by include Jigsaw, Hobbs, Le Creuset, Lulu Lemon and Body Shop whilst in Tunsgate the shops are alongside Farrow & Ball, Oka Furniture, Gail’s Bakery, Bang & Olufsen and the entrance to Tunsgate Quarter where the White Company, Loaf, Seasalt, The Ivy and Tag Heuer trade. The new paved areas of Tunsgate and pedestrianisation has much improved the street scene with outside seating permitted for restaurants and food outlets and enhancement of pedestrian flow as a resu.

The Properties
The portfolio of shops and offices are typical of Guildford historical buildings mainly constructed in the 1800’s of brick construction and pitched tiled roofs.

Tenure
Freehold, subject to the tenancies.

VAT
The property has been elected for VAT and it is assumed that the sale will be conducted via a transfer of a going concern (TOGC).

EPC
EPC certficates are available upon request.

Proposal
A price of £5.85M is being sought, subject to contract and exclusive of VAT. A purchase at this level would reflect an initial yield of 7.91% net of costs at 6.62%.

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.