Guildford - 145/147 High Street
Guildford is the county town and the principal administrative and commercial centre for Surrey and is regarded as one of the premier retailing locations within the UK. The town is located approximately 31 miles (50km) south west of Central London, 37 miles (60km) north west of Crawley, 6 miles (10km) south of Woking and 30 miles (49km) east of Basingstoke. Transport links with Guildford are excellent. The town is situated just off the A3 (dual carriageway) which affords direct access to the M25 (J10) some 8 miles (13km) to the north east and the M27 some 40 miles (65km) to the south west at Cosham. The A31 also passes through Guildford and links with J4 of the M3 (via the A331) at Frimley 15 miles (24km) to the north west and to Winchester some 39 miles (62km) to the south west. The town benefits from frequent rail services to London (Waterloo) with a fastest journey time of approximately 32 minutes. Similarly, Portsmouth can be directly reached within 54 minutes and Gatwick Airport 40 minutes. Heathrow Airport is located circa 22 miles (43km) to the north and Gatwick Airport 34 miles (55km) to the south east providing easy access for both domestic and international flights.
The subject property is located in a prime location on the pedestrianised High Street. Other major national retailers represented in close proximity include Anthropologie, Molton Brown, Hobbs, Massimo Dutti, Jigsaw,
Sainsbury’s, Hugo Boss and Ted Baker.
The subject property is an impressive Grade II* listed building within Guildford’s conservation area and comprises a large, spacious traditional bank hall arranged over ground, basement and two upper floors. The property benefits from a demised rear car park accessed from North Street providing 5 car parking spaces.
Ground Floor Sales 5,757 sq. ft. 535 sq. m Ground Floor ITZA 1,551 units First Floor Offices 3,228 sq. ft. 300 sq. m Second Floor Ancillary 3,875 sq. ft. 360 sq. m Basement Ancillary 4,412 sq. ft. 410 sq. m Total 17,272 sq. ft. 1,605 sq. m
Let to Lloyds Bank Plc on a full repairing and insuring lease (FRI) from 24th June 2011 and expiring 23rd June 2026 (6.7 years unexpired). The lease is subject to 5 yearly rent reviews with the next being 25th December 2020.
Current Rent PAX
The property has not been elected for VAT.
£6,970,000 (Subject to Contract and exclusive of VAT )
A net initial yield of 5.75%.
MISREPRESENTATION: These particulars do not constitute an offer or contract. They are intended as a guide to prospective purchasers. All reasonable care has been taken in the preparation of these particulars but their accuracy is not guaranteed. The purchaser should satisfy himself and as to the correctness of these details, Neither the agents nor the vendor or lessors are to be or become under any liability or claim in respect of these particulars. These particulars are supplied on the understanding that all negotiations are conducted through this office.