Opportunity To  Purchase A Retail Parade With Residential AST’s In The Centre Of Guildford

Summary

• Opportunity to purchase a retail and residential parade in the centre of Guildford.
• Total area of 36,558 sq ft (3,396 sq m).
• The retail parade consists of 9 units, totalling 17,908 sq ft (1,664 sq m).
• The upper parts consist of 23 flats of varying sizes all let on AST’s.
• Situated in an affluent commuter town.
• Situated at the edge of the pedestrianised pitch of the High Street adjacent to the Royal Grammar School and at the start of the A3 pitch of the town centre.
• Strong rental growth prospects on the residential ASTs.
• Freehold.
  Producing a total income of £963,462 per annum, with many of the retail tenancies having had their rents rebased. The retail rent totaling £550,275 per annum and the residential rent totaling £413,187 per annum.
• Applying a 10% net initial yield to the retail element equates to £273 per sq ft on the residential upper parts, which we consider highly discounted.