Property Description
Built in the 17th Century and comprising of two buildings within a small terrace of commercial properties.
The property is a timber-framed grade II listed building with white rendered front elevation, pebbledash side elevation with hanging tile above There is a central chimney and two dormer windows on the top floor. To the rear there is a single storey extension which houses the WCs and kitchenette for No.6, alongside a parking area for up to 8 Cars. Internally 5 and 6 Millmead can be occupied either together or separately and they are arranged over three floors with a kitchenette and WC facilities on the ground floor of each property. The property has recessed spot lighting, wall mounted radiators and is wired for data throughout. Awaiting EPC.
Specification and floor areas
- Heating/Cooling: 0
- Net Internal Floor Area
| Floor | sq.ft | sq.m |
|---|
| Offices | 2,170 sq.ft | 202 sq.m |
| Total |
2,170 sq.ft |
202 sq.m |
Agent's Disclaimer
These particulars do not constitute, or form any part of, any offer or contract, and whilst
all the information given is believed to be correct, all interested parties must satisfy
themselves of its accuracy. All prices and rents are quoted exclusive of VAT, unless
otherwise stated.
Quoting terms
Offers are sought in excess of £475,000 subject to contract.
The calculated net initial yield is 5.26%.
Please check with the agent full income details as this may not be accurate.
Tenant, covenant, lease and rental information:
Tenant Schedule
| Floor |
Rent |
Rent
psf |
Tenant |
Lease Dates |
| Entire Property | £25,000 | £11.52 | Sciecure Pharma Ltd | Start:
End:
Break: |
Covenant Information:
Sciecure Pharma LtdTo be sold Freehold.
No. 5: Sciecure Pharma Ltd & JCSH Pharma Ltd have a new 10 year lease from Sept 2019 at a passing rent of £25,000 pa.
First Floor No. 6: The rear office was let out at £6,600 pa. and the front offices were let out at £4,200 pa. and both are currently up for renewal at a combined rental of £12,000 per annum.
Second Floor No. 6: Vacant. With a previous rent achieved of £15,000 per annum.
Current Income- £37,000 per annum
Potential Income - £49,000 per annum.
Agent's Disclaimer
These particulars do not constitute, or form any part of, any offer or contract, and whilst
all the information given is believed to be correct, all interested parties must satisfy
themselves of its accuracy. All prices and rents are quoted exclusive of VAT, unless
otherwise stated.
There are no plans available to view for this property. Contact the agent for further information.
Property Location
Britannia House is located in Guildford Town Centre on Millmead, overlooking the River Wey and the Yvonne Arnaud Theatre, just along the River Wey from Guildford Borough Council’s offices. The property is a short walk from the High Street and Guildford mainline station. It is accessible by car from Portsmouth Road and the Mount.
Map
