13 Tunsgate, Guildford, Surrey GU1 3QT

Key Points

• Excellent town centre location, a short distance from High Street.
• Pedestrianized Busy Throughfare.
• Opposite OKA Furniture, Gail's Bakery and adjacent to Farrow & Ball and Bang and Olufsen.
• Sydenham Road Multi Storey car park close by.
• Small lot size and of interest to individual investors.

Location

The property is situated in busy pedestrianised Tunsgate opposite Tunsgate Quarter occupied by the White Company, Loaf, Seasalt and both the Ivy and Asian Ivy Restaurant.

Description

The property is arranged on ground and first floors brick built with a pitched tiled roof and tiled elevations.

Accommodation  

Lease

Let to H. Nurdosti t/a Guildford Tailoring on a 10-year FRI lease from 06/06/2017 as a rental of £29,500 pa exclusive of rates and VAT. The tenant has been in occupation since the commencement of the lease and trades well.

Tenure

Freehold, subject to the letting to the tenant.

EPC

C - 70

Price

Our clients are seeking a price of £400,000 subject to contract to show an initial yield of 7.08% net of costs.

VAT

The property is elected for VAT so it is assumed the sale will be conducted via a TOGC.

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