Owen Isherwood, Guildford

35 35a, Madrid Road, Guildford, GU2 7NU

£415,000

Size

1,172.08

Tenure

Freehold

EPC

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Parking

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Primary use
High street retail
Other use(s)
Other, Residential development
Frontage
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No floor / site plan

Key features

  • Central Guildford investment.
  • Mixed use premises.
  • Ground floor retail tenant lease running until 2034.
  • Two-bedroom apartment on first floor.
  • Residential element sold with vacant possession.
  • Busy student area close to the train station and services on to London.

Description

The subject property features a retail unit on the ground floor currently leased to a launderette user for a term of 15 years from Jan 2019. Every 5th anniversary rent reviews are linked to greater of RPI & OMRR. The most recent rent review increased the rent to £16,800 per annum.

There is also a vacant 2-bedroom flat on the upper floor, which also includes a bathroom and lounge/kitchen. Accessed separately from the retail unit.

There is a generous garden to the rear of the property.

Located on a busy access road into Guildford Town Centre, (0.5 miles away), the Station (0.2 miles away), University of Surrey, Cathedral, Hospital and A3 slip road are all within close vicinity. Guildford is Surrey’s principal town with excellent shopping and commercial base.

Retail Unit - £16,800 per annum (RPI Rent Review 24’), expires 2034.
Flat - Vacant - Estimated rental value is £1,500 - £1,600 mth

Ground floor - TBC
1st floor flat - D 64
Owen Isherwood, Guildford

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Additional information
Service charge
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Business rates
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Use class
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Listed building
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Energy performance certificate: Ask agent

An Energy Performance certificate helps you understand the current energy efficiency of a property.

Read more about EPC requirements

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Environmental data
BREEAM rating
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Environmental description
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Read more about energy considerations for commercial property

Brochure

35 35a, Madrid Road, Guildford, GU2 7NU

NEAREST STATIONS

National Rail

Guildford Station

0.35 miles

National Rail

London Road Station

1.02 miles

National Rail

Shalford Station

1.85 miles

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Disclaimer - Property reference 299877-1. 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 Owen Isherwood, 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.