Guildford - 48/49 North Street

Location:

Guildford is an affluent and popular commercial and administrative centre within Surrey located 31 miles (50km) south-west of central London, 37 miles (59km) north-west of Crawley and 30 miles (48km) east of Basingstoke.

Road communications are excellent. The town is situated adjacent to the A3 (Dual Carriageway) which provides direct access to the M25 (J10) some 8 miles (13km) to the north-east and the M27 circa 40 miles (64km) to the south-west near Portsmouth. The A31 also passes through the town which links with J4 of the M3 (via A331) at Frimley 14 miles (23km) to the north-west and to Winchester 38 miles (62km) to the south-west.

Guildford is served by regular rail services to London (Waterloo & Victoria) with a fastest journey time of approximately 40 minutes.

Heathrow Airport is circa 22 miles (43km) to the north and Gatwick Airport is circa 33 miles (54km) to the south-east.

  • Situation

    The premises are situated close to the junction of North Street with Swan Lane, within close proximity to the Friary Centre. Swan Lane is a busy thoroughfare that links High Street to North Street and beyond. National multiple retailers situated nearby include, Marks & Spencer, Decathlon, Burger King and Barclays Bank.

  • Description

    The property lies within Guildford’s town centre Conservation Area albeit it is not listed. The premises comprise two well configured retail units arranged over Ground, First and Second floors. Paperchase occupy the ground floor of 48 North Street; the unit comprises predominantly sales area, with some ancillary space to the rear. Harris & Hoole occupy the ground floor of 49 North Street, and first and second floors of both units. The first floor is utilised as sales seating space. The second floor is largely un-utilised and accessed via an external staircase on the roof.

  • Tenure

    Freehold

  • Accommodation:

    48 North Street ITZA 752 sq. ft.
    48 North Street Ground Floor Sales 1,841 sq. ft. 171.0 sq. m
    49 North Street ITZA 635 sq. ft.
    49 North Street Ground Floor Sales 1,184 sq. ft. 109.9 sq. m
    49 North Street First Floor 857 sq. ft. 79.6 sq. m
    49 North Street Second Floor 601 sq. ft. 55.8 sq. m
  • Tenancy (ies)

    See schedule of tenancies.

  • Current Rent PAX

    220000

  • Service Charge

    See attached PDF brochure.

  • VAT

    The property has been elected for VAT and any disposal will be by way of a Transfer of a Going Concern (TOGC).

  • Price

    £3,850,000 (Subject to Contract and exclusive of VAT )

  • Yield

    5.25%

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.

All viewings are strictly by prior appointment.
Please contact:

Ed Smith
Patrick Over
David Freeman
Simona Malinova