Park Street, Guildford, Surrey GU1

The properties comprise 2 adjoining mixed-use buildings and a car park.

FIRST HOUSE:

First House consists of a 3-storey building with 5,109 ft²of office space across ground, first and second floors. There is a small kitchen and office area on the upper floor.

THE BUILDING HAS RECENTLY BEEN REFURBISHED TO A HIGH STANDARD INCLUDING NEW A/C SYSTEM, OPEN PLAN LAYOUT AND BENEFITING FROM A SMALL REAR COURTYARD.

The remainder of the second floor comprise 2 residential units which total 1,184 ft².

There is access to the two flats, via a separate entrance at the rear.

ONE PARK STREET:

The ground floor of One Park Street operates as a martial arts studio (2,355ft²), with a small ground floor tanning studio (60ft²) and a first floor office technology company ( 2,053ft²).

Access to the building is via an entrance on Park Street and from rear via the car park.

THE CAR PARK:

The car park can accommodate 42 vehicles at the rear of the buildings and across the roof of One Park Street. The available spaces include 19 which are let to occupational tenants and 23 on licence agreements to local businesses.

LOCATION:

THE PROPERTIES OCCUPY A PROMINENT POSITION WITHIN GUILDFORD TOWN CENTRE. GUILDFORD IS THE COUNTY TOWN OF SURREY, SOME 27 MILES (43 KM) SOUTH-WEST OF CENTRAL LONDON.

The High Street, the shopping core, boasts a wide variety of retailers including John Lewis, Neptune and Marks & Spencer, together with cafes and restaurants including The Ivy, Bill’s Restaurant, Caffè Nero and Starbucks. Guildford is home to the University of Surrey and the Surrey Research Park.

Guildford Mainline Station is 5 minutes walk (0.3 miles) and provides regular services to London Waterloo, Reading and Portsmouth.

PLANNING AND DEVELOPMENT POTENTIAL:

Guildford is undergoing significant regeneration and investment with a number of schemes reshaping the town centre, including the nearby ‘New Station Quarter’ currently under construction. It comprises a modernised rail station, retail and office space and 438 new homes. see

The property is not listed nor subject to an Article 4 Direction. It is located within the Millmead and Portsmouth Road Conservation Area.

The property offers a number of redevelopment angles including potential for change of use and conversion by way of Permitted Development. There is scope to add additional floors by way of a comprehensive redevelopment subject to planning consent.

THE REAR CAR PARK WHICH MEASURES APPROXIMATELY 6,000FT² ALSO OFFERS POTENTIAL FOR FUTURE REDEVELOPMENT, SUBJECT TO PLANNING CONSENT.

TENURE:

The property is to be sold freehold with existing tenants remaining in situ.