Value-Add Retail & Residential Investment in Guildford
Unit Size
Minimum Size: 1,378 sq ft / Maximum Size: 4,839 sq ft
Key Selling Points
Situated in the heart of Guildford, the High Street is a vibrant retail destination, well known for its diverse mix of retail and food & beverage offerings.
The town boasts a strong and affluent consumer base, with a resident population of approximately 145,000 and a wider catchment area of around 430,000. Guildford consistently records high levels of retail expenditure.
The property comprises a well-configured retail unit, arranged over the ground, basement, and part first floors.
The first and second floors feature a spacious four-bedroom flat, currently vacant and in need of refurbishment. Access to the residential accommodation is via Quarry Street.
The retail element is let to Procook Limited on a 10-year lease commencing in 2023, at a current rent of £140,000 per annum. There is a tenant break option at the end of the fifth year.
There is clear potential to add value through the residential upper parts, which previously held planning permission for conversion into four one-bedroom flats.
For more information on this property and others in this area, please contact our team of friendly professionals who will be happy to help you further your enquiry.
