39 39.5 40 40a/41 42 Castle Street and 53 Quarry Street, Guildford GU1 3UA
- PROPERTY TYPE
Commercial Property
- SIZE
Ask agent
Key features
- To be offered on Tuesday 16 April
- Freehold mixed-use corner site
- Of interest to investors
- Vacant buildings (previously offices, studio and education uses) with potential for development
- Olivo restaurant let at a combined rent of £66,162 per annum
- Attractive central location
- Sought-after residential area
- By order of Guildford Borough Council
Description
StrapLine
Auction Sale - 16/04/2024A significant freehold mixed-use corner site of interest to investors. Comprising a row of adjoining buildings and a detached building including Olivo restaurant, a former Victorian Schoolroom and two office buildings.
Restaurant let at £66,162 per annum, remainder vacant.
Investment / development opportunity with potential for alternative use, subject to consents.
Description
The properties are arranged as one row of adjoining buildings and two detached buildings.
39 Castle Street is a detached, two storey building to the north of the site previously used as offices and is now vacant.
39.5 Castle Street was constructed in 1816 as a chapel for the Calvinistic Independents. It later became a hay and corn store, a confectionery works and the Salter’s printing works in 1914. The building has been used most recently by the Council’s Heritage service as a recreated Victorian Schoolroom set in 1893 giving school pupils a taste of life as a Victorian school child. The building is vacant and is locally listed.
40 Castle Street comprises a ground floor unit with a shop front last used as a photographic studio/office and is now vacant.
40a/41 Castle Street is a self-contained first floor office with entrance at ground level to the rear of 40 Castle Street and extends over both 40 and 42 Castle Street. The building is vacant.
53 Quarry Street interconnects with 42 Castle Street which are both Grade II Listed buildings and leased to Olivo restaurant at a combined rent of £66,162 per annum.
The sale includes the access road to the rear.
Location
A thriving mixed commercial and residential area just to the east of the town centre and close to the Castle Grounds and the River Wey a short walk away.
This is a historic part of the town with many attractive period buildings nearby.
Amenities are excellent with all the High Street and busy retail areas being nearby including an extensive range of shops, bars and restaurants as well as the leisure facilities that Guildford has to offer.
Transport
Guildford Railway Station (approx 10 minute walk) Frequent service to London (Circa 35 minutes).
Bus - North Street bus station (approx 5 minute walk).
Road - Guildford is well situated for access to the national motorway network via the A3 dual carriageway which connects to Junction 10 of the M25 approximately 10 miles away.
39 39.5 40 40a/41 42 Castle Street and 53 Quarry Street, Guildford GU1 3UA
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Guildford Station0.3 miles
- London Road Station0.6 miles
- Shalford Station1.4 miles
About the agent
Savills Auctions are specialist residential and commercial property auctioneers with an unrivalled depth of experience and market knowledge.
Notes
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Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Savills Auctions, London on 020 3909 6715.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a Guide Price or a range of Guide Prices. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a Reserve Price below which the property cannot be sold at auction. Normally the Reserve Price will be set within the range of Guide Prices or no more than 10% above a single Guide Price.
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