Location
Located at the upper end of Godalming High Street, the subject sites is within close proximity to the Pepperpot with nearby traders include Pizza Express, Dominos, Seymours Estate Agents and The Old Post House Business Centre.
Only 4 miles south of Guildford, Godalming’s mainline train station is within 5 minutes walking distance with regular services to both London Waterloo and Portsmouth Harbour. In addition, Godalming town only 2 miles off the A3 trunk road with M25 10 miles away
Description
The subject site compromises a ground floor retail unit with two first floor flats each accommodating one and two bedrooms respectively. Both the retail and first floor residential elements can be accessed from the High Street and the rear private car park directly adjoining South Street Car Park.
The site benefits from a newly built, large rear extension on both the ground and first floor elements with the private car park able to accommodate six parking spaces.
Accommodation
Ground Floor - Retail - 2,375 sq ft
First Floor - Flat - One bed
First Floor - Flat - Two bed
Price
£950,000
Tenure
The ground floor Retail Unit is let on a 10 year lease from 2024; currently paying £2,500 pcm (£30,000 p.a.) on an “internal repairing & insuring” basis.
The first floor two bed flat is currently let at £1,500 pcm on a 2 year AST. The first floor one bed flat is currently let at £1,300 pcm on a 1 year AST.
Total income for the investment is therefore £66,600 p.a.
EPC
C
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 Owen Isherwood
01483 300 176
