Location:

Guildford is an affluent and popular commercial and administrative centre within Surrey located circa 50km (31 miles) south-west of central London, 59.5km (37 miles) north-west of Crawley and 48.5km (30.2 miles) east of Basingstoke.

Road communications are excellent. The town is sutuated adjactent to the A3 (Dual Carriageway) which affords direct access to te M25 (J10) some 13km (8 miles) to the north-east and the M27 circa 64.7km (40.2 miles) to the south-west near Portsmouth. The A31 also passes through the town which links with J4 of the M3 (via A331) at Frimley some 23.5km (14.6 miles) to the north-west and to Winchester some 62km (38.5 miles) to the south-west.

Guildford is served by regular rail services to London (Waterloo) with a fastest journey time of approximately 40 minutes. Heathrow Airport is approximately 43km  (22 miles) to the north and Gatwick Airport is 54.4km (33.8 miles) to the south-east of the town centre.

• Situation

  This prime property occupies a prominent trading position on the southern side of the pedestrianised High Street at its junction with Chapel Street and benefits from a small return frontage. The premises adjoin Liz Earle, Pandora and Gap Kids with Boots, Gant and Links opposite.

• Description

  The premises comprise a Grade II listed period building arranged over basement (unused), ground, first and second floors.

  The property has brick elevations with a tile hung High Street frontage and rendering to Chapel Street incorporating wooden framed window units under a tiled pitched roof. Servicing is from the High Street. The property is located within Guildford Town Centre Conservation Area.

• Tenure

  Freehold

• Accommodation:

  Floor	Size (ft)	Size (m)
  Ground Sales	1387	128.85
  ITZA	657 units
  First Sales	477	44.31
  First Ancillary	749	69.58
  Second Ancillary	61	5.66
  Total	2674	248.40

• Tenancy (ies)

  Jack Wills Limited (t/a Jack Wills)- 10 year FR & I from 27th September 2010 (circa 8.74 years remaining) expiring on 26th September 2020 at a current passing rental of £222,500 pax with an upward only rent review on 28th september 2015. This was a lease renewal with 3 month's rent free only.

• Current Rent PAX

  £222,500 pax

• VAT

  The property is elected for VAT

• Price

  £4,425,000 (Subject to Contract and exclusive of VAT )

• Yield

  Net Initial Yield of 4.75% rising to 4.90% in 2015. The Equivalent Yield is 4.88%