Retail Investment Opportunity in Guildford

A2 Shop+Two bed flat

5 The Parade Burden Way Guildford Surrey GU2 9PB

Investment Property For Sale: £395,000
Total Floor Area: 128 sq.m/1,378 sq.ft
Net Investment Income: £24,140 per annum




Last updated: 28 Jan 2020 Ref: 5TheParade

Property Description

This property is a two-storey, end of terrace, mixed-use building. It comprises a ground floor A2 use shop and a first floor two-bedroom flat. It is a brick construction with full height glazed shop frontage at the ground floor level and hanging tile above. The property has a shared rear access to the flat via an external staircase. There are also two on-site parking spaces associated with this freehold.

Measurements

  • Net Internal Floor Area
A2 Shop 5 The Parade Burden Way Guildford - Shop Tenant
Measurementimperialmetric
Ground Floor855 sq.ft79 sq.m
Total Floor Area855 sq.ft79.43 sq.m

Two bed flat - Residential Tenant
Measurementimperialmetric
First Floor523 sq.ft49 sq.m
Total Floor Area523 sq.ft48.56 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.


Sale Terms

Offers are sought in excess of £395,000 subject to contract and exclusive of VAT. This equates to a capital value of £287 per sq ft.


Tenant, lease and rent summary

5 The Parade Guildford GU2 9PB
Retail UnitTenantRental IncomeLease Dates
A2 Shop Shop Tenant £11,000 01.08.2019 -start
01.08.2029 -expiry
No -break
Two bed flatResidential Tenant £13,140No -break
Total Rent £24,140


Covenant Information:

Shop Tenant

The ground floor shop is let on a 10 year lease from August 2019 at a stepped rent up to £11,000 p.a.

Residential Tenant

The flat is currently let on an AST from 1st September 2018 producing £13,140 p.a. for a 1 year term.

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

5 The Parade is located in the Guildford suburb of Stoughton to the north of the town centre. It is situated in a primarily residential area close to the Queen Elizabeth Housing development. There is close access to both Worplesdon Road A322 and Woking Road A320.

Map



OwenShipp
Agents Contact Details

Name: Alex Bellion
Company: Owen Shipp Commercial
Address: 1 Wey Court Mary Road Guildford Surrey GU1 4AQ
Email:
Email the agent
Direct Dial: (01483) 450115
Mobile: 07917 756068





Download pdf brochure Brochure for: Two bed flat 5 The Parade Burden Way Guildford Surrey  GU2 9PB. Investment Property For Sale: £395,000. Total Floor Area: 128 sq.m/1,378 sq.ft. Net Investment Income: £24,140

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