Mixed Use Investment For Sale
Mixed Commercial and Residential Investment
Ground Floor Shop Trading as Hairdresser
3 Bedroom Flat on 1st and 2nd Floors
Garage and Yard / Parking Area To Rear
Popular Local Parade
Potential to Split 3 Bedroom Flat
Location
The premises are located on a popular local parade in Burpham approximately 2 miles north east of Guildford town centre. London Road (A3100) leads from Guildford to the A3 which offers quick access to both London and the South Coast.
Description
The property comprises a three storey mid-terrace building with retail premises on the ground floor and a self-contained 3 bedroomed maisonette on the first and second floors. To the rear of the property there is a single garage/store and a yard accessed via an unmade service road. It also gives separate rear access to both the first floor flat and ground floor shop.
Accommodation
The areas are approximately as follows:
Ground Floor:
Retail Area : 55.27 sq m 595 sq ft
First & Second Floors:
3 Bedroom Flat
Single garage and yard / parking area to the rear.
Tenancies
The Ground Floor shop is let on a 12 year effective FRI lease from 21st January 2014 at a rental of £21,000 p.a with 4 year reviews and no breaks. The flat is let on a 12 month AST to Mr & Mrs Vos dated April 2016 at a rental of £1,250 pcm. There is a historic planning application relevant to the flat (14/P/00266) which grants the splitting of this into two one bed flats.
Sale Price
Offers are invited for the freehold interest at £600,000.
Rates
Ground Floor Shop:
Rateable Value: £12,500
Rates Payable: £ 6,050
Flat: Council Tax Band: D (2016/2017)
Legal Costs
Both parties to bear their own legal costs incurred in the transaction.
EPC
Rating: D