Bedford Road, Guildford, Surrey, GU1
- PROPERTY TYPE
House
- BEDROOMS
18
- BATHROOMS
17
- SIZE
8,327 sq ft
774 sq m
- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Key features
- Prime location within Guildford town centre
- 350 yards East of Guildford Railway Station
- Fully occupied and majority let to professional tenants
- 17 self-contained residential flats
- 16 x 1 beds & 1 x 2 beds
- AST’s producing a total gross income of £280,000 per annum.
- Freehold: The two ground floor retail units are sold off on long leases but be available to purchase.
- Total gross lettable area of 8,327 sq. ft.
Description
The residential building consists of 17 self-contained flats. The flats are accessed via a communal entrance with the benefit of a passenger lift to the fourth floor.
St James House is a seven-storey mixed use retail and residential building constructed in circa 1970. The building is of steel frame construction with metal panel curtain walling to the front and rear with facing brick side elevations. The ground floor comprises two retail units occupied by Londis and Subway (sold off on long leases) and the upper floors comprise 17 self-contained flats.
The flats are accessed via a communal entrance with the benefit of a passenger lift to the fourth floor.
The property was renovated in 2016/17 with two additional floors added to the building to provide five self-contained flats over those two storeys (flats 13-17). Additional works to the block include upgrading the lift, a new fire management system, refurbishing the communal areas and a light refurbishment of flats 1-12.
To the rear of the property is a newly resurfaced yard incorporating two car parking spaces for the retail shops. The adjoining owners have rights of way across the rear service yard.
The property is let on 12-month AST’s producing a Gross annual rent of £266,000. Londis and Sunway are both sold off on long leases from the 19th December 2003 for 999 years at a peppercorn ground rent.
The Location
St James House is situated on Bedford Road within the town centre and is accessed via Onslow Street (A322). The property is surrounded by a mixture of commercial and residential buildings including The Friary Shopping Centre, Odeon Cinema and the University of Surrey 1.1 miles to the northwest. The Bedford Road multi-storey car park is located to the rear of the property.
The town regularly features in the top ten retail destinations outside of Central London and was voted 2nd in the PMA Affluence Indicator of UK retail locations. Guildford is the largest student borough in Surrey (66,224 – 2011 census) which includes The University of Surrey, Guildford College and the ACM.
In addition the town boast the Surrey Research Park, a hub of international global business, gaming and digital tech firms and many law firms. So, the professional tenant base is equally beneficial. Guildford has several potential upcoming developments including the £150m redevelopment of Guildford Railway Station, the proposal includes 57,000 sq. ft of commercial and 438 new homes. The Casino and surface car park located opposite the subject property are allocated within the Guildford masterplan for potential redevelopment.
Brochures
Particulars- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
- Band: TBC
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Yes
- GARDENA property has access to an outdoor space, which could be private or shared.
- Yes
- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
- Ask agent
Energy performance certificate - ask agent
Bedford Road, Guildford, Surrey, GU1
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Visit our security centre to find out moreDisclaimer - Property reference GUI250065. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Grantley, Guildford. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
*This is the average speed from the provider with the fastest broadband package available at this postcode. The average speed displayed is based on the download speeds of at least 50% of customers at peak time (8pm to 10pm). Fibre/cable services at the postcode are subject to availability and may differ between properties within a postcode. Speeds can be affected by a range of technical and environmental factors. The speed at the property may be lower than that listed above. You can check the estimated speed and confirm availability to a property prior to purchasing on the broadband provider's website. Providers may increase charges. The information is provided and maintained by Decision Technologies Limited. **This is indicative only and based on a 2-person household with multiple devices and simultaneous usage. Broadband performance is affected by multiple factors including number of occupants and devices, simultaneous usage, router range etc. For more information speak to your broadband provider.
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