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RESIDENTIAL INVESTMENT - GUILDFORD TOWN CENTRE - Flats 1 - 6, 32 Castle Street

2786 Sq ft --- Investment --- For Sale

 

LOCATION

The building lies in the heart of Guildford town centre, close to the junction with Chapel Street, a specialist shopping area characterised by a mix of retail, restaurant and residential properties.   The building is also opposite the grounds of Guildford Castle.

DESCRIPTION

The property comprises a three-storey building of traditional construction.

The building was converted in 2016 into 6 flats comprising 2 studio flats (flats 3 & 5), 3 one-bedroom flats (flats 1,4 & 6) and 1 two-bedroom flat (flat 2).  The conversion was carried out following grant of Permitted Development Rights in February 2016.    There are 6 parking spaces on-site accessed from a secure gated entrance.

The residential flats are all leased on Assured Shorthold Tenancies (ASTs) to private tenants and the property is managed by the current owners.

ACCOMMODATION / INCOME

The building is fully income producing and the tenancy schedule is as follows: 

Flat No. Floor area (sq ft) Tenancy Expiry Date Rent/PCM £ Annual Rent £ Council Tax Band
1 Basement 441  23 Nov 2019 £1,000 £12,000 B
2 Ground floor 592  16 June 2018  £1,495  £17,000
3 1st floor rear 366  8 Jan 2020  £950 £11,400
4 1st floor front 581  16 July 2018  £1,250 £15,000
5 2nd floor rear 387  7 Sept 2017  £995 £11,940
6 2nd floor front 581  28 Jan 2020  £1,150 £13,800
TOTAL 2,786    £6,840 £82,080 pa  

ENERGY PERFORMANCE CERTIFICATE

Available upon request.

FREEHOLD PRICE

Offers in the region of £1,750,000 (One million, seven-hundred and fifty-thousand pounds).

VIEWING & FURTHER INFORMATION

Arrangements can be made to inspect the property via the joint agents:

Kingstons / Owen Shipp

Peter   Bellion

Peter Bellion
MRICS, MCI Arb, RICS Registered Valuer
01483 572999
07905 419795

Derek   Corden

Derek Corden
BSc MRICS
01483 572999
07905 419796

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