Attractive Investment Freehold
Summary
- Investment Property Let to Strong Covenant.
- Located in Attractive Surrey Village of Cranleigh.
- Quoting Price Represents a GIY of 7.86%
- Lease inside Act with Expiry in June 2027
- Fully Repairing and Insuring Lease
Accommodation
The accommodation comprises the following areas:
| Name | sq ft | sq m | Availability |
| Ground | 1,065.50 | 98.99 | Available |
| Ground - Storage/Offices | 1,013 | 94.11 | Available |
| Total | 2,078.50 | 193.10 |
Location
The subject property is located on a prime pitch of Cranleigh High Street in Surrey. Cranleigh is a bustling village located roughly 9 miles South of Guildford and 10 miles Northwest of Horsham. Nearby occupiers include Cook, M&S, Sainsbury’s & Pizza Express
Get directions from Google Maps
Mainline Stations
-
Chilworth102 mins
-
Gomshall111 mins
-
Shalford (Surrey)116 mins
-
Farncombe121 mins
Underground Station
-
Tadworth292 mins
-
Tattenham Corner304 mins
-
Kingswood310 mins
-
Epsom Downs321 mins
Further Information
Price £350,000
Rates Payable £11,726.50 per annum
Service Charge n/a
Estate Charge n/a
EPC Rating This property has been graded as C (60)
Description
125 High Street is a ground floor retail unit currently occupied by Oxfam and benefits from a small mezzanine storage area to the rear of the shop and 2 demised car parking spaces in the yard to the rear. This property offers significant potential to purchase a solid income producing asset in a very desirable part of Cranleigh High Street.
Tenancy Details
Oxfam are in occupation on an inside the act lease which expires in June 2027, paying a rent of £27,500 per annum. The quoting price represents a Gross Initial Yield of 7.86%.
Gallery
