Mixed use investment opportunity.
Location
Located at the upper end of Godalming High Street, the subject sites is within close proximity to the Pepperpot with nearby traders include Pizza Express, Dominos, Seymours Estate Agents and The Old Post House Business Centre.
Only 4 miles south of Guildford, Godalming’s mainline train station is within 5 minutes walking distance with regular services to both London Waterloo and Portsmouth Harbour. In addition, Godalming town only 2 miles off the A3 trunk road with M25 10 miles away.
Get directions from Google Maps
Mainline Stations
-
Godalming3 mins
-
Farncombe19 mins
-
Milford (Surrey)34 mins
-
Shalford (Surrey)57 mins
Underground Station
-
Chessington South345 mins
-
Tadworth348 mins
-
Tattenham Corner353 mins
-
Chessington North356 mins
Further Information
Price £995,000
Rates Payable Upon Enquiry
EPC Rating This property has been graded as C
Description
The subject site compromises a ground floor retail unit with two first floor flats each accommodating one and two bedrooms respectively. Both the retail and first floor residential elements can be accessed from the High Street and the rear private car park directly adjoining South Street Car Park.
The site benefits from a newly built, large rear extension on both the ground and first floor elements with the private car park able to accommodate six parking spaces.
Accommodation
Ground Floor - Retail - 2,375 sq ft
First Floor - Flat - One bed
First Floor - Flat - Two bed
Tenure
The ground floor Retail Unit is let on a 10 year lease from 2024; currently paying £2,500 pcm (£30,000 p.a.) on an “internal repairing & insuring” basis.
The first floor two bed flat is currently let at £1,500 pcm on a 2 year AST. The first floor one bed flat is currently let at £1,300 pcm on a 1 year AST.
Total income for the investment is therefore £66,600 p.a.
Gallery
