Retail Investment Opportunity in Guildford

Merrow Heights

251-263 Epsom Road Merrow Guildford Surrey GU1 2RE

Investment Property For Sale: £425,000
Total Floor Area: 108 sq.m/1,162 sq.ft
Net Investment Income: £30,350 per annum




Last updated: 15 Oct 2014 Ref: MerrowHeights

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

  • Net Internal Floor Area
Merrow Heights 251-263 Epsom Road Merrow Guildford - Funeral Partners Ltd
Measurementimperialmetric
Ground Floor1,162 sq.ft108 sq.m
Total Floor Area1,162 sq.ft107.94 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 UnitTenantRental IncomeLease 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.

Map



Gascoignes
Agents Contact Details

Name: James Gray
Company: Gascoignes
Address: 2 Gillingham House Pannells Court Guildford Surrey GU1 4EU
Email:
Email the agent
Direct Dial: (01483) 538131
Mobile: 07473 183645


Second Contact

Name: Andy Russell
Company: Gascoignes
Address: 2 Gillingham House Pannells Court Guildford Surrey GU1 4EU
Email:
Email the agent
Direct Dial: (01483) 538131
Mobile: 07956 618662




Download pdf brochure Brochure for:  251-263 Epsom Road Merrow Guildford Surrey  GU1 2RE. Investment Property For Sale: £425,000. Total Floor Area: 108 sq.m/1,162 sq.ft. Net Investment Income: £30,350

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