2786 Sq ft --- Investment --- For Sale
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.
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.
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||C|
|3 1st floor rear||366||8 Jan 2020||£950||£11,400||B|
|4 1st floor front||581||16 July 2018||£1,250||£15,000||C|
|5 2nd floor rear||387||7 Sept 2017||£995||£11,940||B|
|6 2nd floor front||581||28 Jan 2020||£1,150||£13,800||C|
Available upon request.
Offers in the region of £1,750,000 (One million, seven-hundred and fifty-thousand pounds).
Arrangements can be made to inspect the property via the joint agents:
Kingstons / Owen Shipp