Mixed-use investment opportunity comprising two ground floor retail units with residential accommodation above on established parade
Summary
- Prominent Aldershot Road frontage on an established retail parade
- Ground floor commercial accommodation with residential accommodation above
- Existing retail tenants in occupation
- Convenient access to Guildford town centre and transport links
- Strong local catchment and passing trade
- Rear access and parking
Accommodation
The accommodation comprises the following areas:
| Name | Building Type | sq ft | sq m |
| Building - 107 | Investment | 2,217 | 205.97 |
| Building - 109 | Investment | 881.20 | 81.87 |
| Total | 3,098.20 | 287.84 |
Location
107 & 109 Aldershot Road occupy a prominent position within the Southway shopping parade, just off Aldershot Road in Guildford. The units benefit from strong levels of passing traffic, a substantial surrounding residential population, and convenient access to Guildford town centre, the A3, Surrey Research Park, and the Royal Surrey County Hospital.
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Mainline Stations
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Guildford22 mins
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London Road (Guildford)29 mins
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Worplesdon53 mins
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Shalford (Surrey)54 mins
Underground Station
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Chessington South280 mins
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Thames Ditton284 mins
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Hampton290 mins
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Chessington North290 mins
Further Information
Price £585,000 no VAT
Rates Payable Upon Enquiry
Description
107 – The ground floor comprises modern partitioned retail/office accommodation with kitchenette and WC facilities, together with a rear and side warehouse/yard area. Above is a self-contained 3-bedroom flat with separate rear access and parking.
109 – The ground floor comprises an open-plan retail unit with glazed frontage, rear storage and WC facilities, together with an external store. Above is a 2-bedroom flat accessed internally via the property.
EPC
107: C-62 / 107a: E-50
109: C-74
Lease Terms
The ground floor retail unit and first floor flat at No.107 is let to Dignity Funeral Directors on a 10-year FRI lease from 2023, incorporating a tenant-only break and upwards-only open market rent review at year 5, at a passing rent of £28,750 p.a.
The ground floor retail unit and first floor flat at No.109 is let to Jean’s Florist on a 10-year FRI lease from 2024, incorporating a 3 year and 5 year tenant-only break, at a passing rent of £16,000 p.a.
Business Rates
Rateable Value of No.107: £15,000
Rateable Value of No.109: £14,250.
Gallery
