Property Description
Merrow Heights was completed 4 years ago by local developers Country Homes
and provides 11 apartments on the upper levels whilst the ground floor is arranged
to provide 3,500 sq ft approx.., of retail space currently occupied by 3 separate users.
To the rear of the development there is car parking, rear loading facilities and
provision for refuse. Apartments x 11 All sold on Long Leases.
Shop 1/2 1,939 sq ft Sold on Long Lease.
Shop 4 441 sq ft Sold on Long Lease.
Measurements
Merrow Heights 251-263 Epsom Road Merrow Guildford - Funeral Partners Ltd | Measurement | imperial | metric |
|---|
| Ground Floor | 1,162 sq.ft | 108 sq.m |
| Total Floor Area | 1,162 sq.ft | 107.94 sq.m |
Agent's Disclaimer
Gascoignes for themselves (and joint agents where applicable) and for the vendor or lessors of this property whose sole agents they are give notice that; (i) the particulars are produced in good faith, and are set out as a general guide only and do not constitute any part of a contract; (ii) All areas/dimensions quoted are approximate; (iii) the agents have not tested any of the services and no warranty is given or implied by these particulars; (iv) All prices or rents quoted as exclusive of VAT which may be applicable to transactions involving commercial
property; (v) no person in the employment of Gascoignes has the authority to make or give any representation or warranty whatsoever in relation to this property. Gascoignes is a trading name of Gascoignes Commercial Ltd which is registered in England No. 4336372.
Sale Terms
Offers are sought in excess of £425,000 subject to contract and exclusive of VAT. This equates to a capital value of £366 per sq ft.
Tenant, lease and rent summary
251-263 Epsom Road Guildford GU1 2RE
| Retail Unit | Tenant | Rental Income | Lease Dates |
|---|
| Merrow Heights |
Funeral Partners Ltd |
£30,350 |
No -break |
| Total Rent |
|
£30,350 |
|
Covenant Information:
Funeral Partners Ltd Funeral Partners Ltd are an established company founded in 2007 whose model is
based on acquiring independent funeral directors and providing further investment,
training and enhanced processes to build upon the FP brand. The group owns and
operates circa 70 branches in towns and cities throughout the country, with a positive
strategy to grow rapidly and open further outlets over the next 12 months.
In addition to the rental income derived from Shop Unit 3, the ground rent income
from the three retail units, together with the 11 x apartments above is also included
within the sale, details as follows:
Rental Income Unit 3
Ground rent:
retail units 1- 4
£27,500.00 pa
£800.00 pa
Ground rent:
1 bedroom apartments
2 bedroom apartments
£200.00 pa
£250.00 pa
Total
£30,350.00 pa
Agent's Disclaimer
Gascoignes for themselves (and joint agents where applicable) and for the vendor or lessors of this property whose sole agents they are give notice that; (i) the particulars are produced in good faith, and are set out as a general guide only and do not constitute any part of a contract; (ii) All areas/dimensions quoted are approximate; (iii) the agents have not tested any of the services and no warranty is given or implied by these particulars; (iv) All prices or rents quoted as exclusive of VAT which may be applicable to transactions involving commercial
property; (v) no person in the employment of Gascoignes has the authority to make or give any representation or warranty whatsoever in relation to this property. Gascoignes is a trading name of Gascoignes Commercial Ltd which is registered in England No. 4336372.
There are no plans available to view for this property. Contact the agent for further information
Property Location
The development is situated on the eastern outskirts of Guildford to the northern side of the
A246 (Epsom Road) forming part of the busy Merrow neighbourhood shopping centre.
Nearby retailers include M&S, Lloyds Bank, Boots, William Hill & Martins Newsagents.
The property is well located for the A3 (London to Portsmouth Road) which is approx. one
mile away, with both Gatwick and Heathrow Airports within a 30 minute drive. Guildford
Mainline Railway Station provides a regular service to London Waterloo (in approx. 35
minutes) whilst Guildford Town Centre provides exceptional shopping, recreational and
leisure facilities in addition to Ladymead Retail Park which includes Halfords, Next, B&Q
and Homebase. Guildford is the County Town of Surrey and many well-known companies are based in the town including Cornhill, UOP, Sanofie Synthelabo and Ericsson.
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