Property Description
The subject property features a retail unit on the ground floor currently leased to a launderette user for a term of 15 years from Jan 2019. Every 5th anniversary rent reviews are linked to greater of RPI & OMRR. The most recent rent review increased the rent to £16,800 per annum.
There is also a vacant 2-bedroom flat on the upper floor, which also includes a bathroom and lounge/kitchen. Accessed separately from the retail unit.
There is a generous garden to the rear of the property. Awaiting EPC.
Measurements
35 Madrid Road Guildford - Commercial| Measurement | imperial | metric |
|---|
| Ground Floor | 1,162 sq.ft | 108 sq.m |
| Total Floor Area | 1,163 sq.ft | 108 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 £415,000 subject to contract and exclusive of VAT.
Tenant, lease and rent summary
Madrid Road Guildford GU2 7NU
| Retail Unit | Tenant | Rental Income | Lease Dates |
|---|
| 35 |
Commercial |
£18,000 |
0 -start
0 -expiry
0 -break |
| Total Rent |
|
£18,000 |
|
Covenant Information:
CommercialRetail Unit - £16,800 per annum (RPI Rent Review 24’), expires 2034.
Flat - Vacant - Estimated rental value is £1,500 - £1,600 mth
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
Located on a busy access road into Guildford Town Centre, (0.5 miles away), the Station (0.2 miles away), University of Surrey, Cathedral, Hospital and A3 slip road are all within close vicinity. Guildford is Surrey’s principal town with excellent shopping and commercial base.
Map
