PROPERTIES

175-193 Guildford High Street & Pannells Court, GU1 3AW

Price£13,500,000

PDF DETAILS

175-193 Guildford High Street & Pannells Court, GU1 3AW

  • Price£13,500,000
  • Income£1,011,069
  • Yield7%
  • SectorHigh Street Retail
  • StatusAvailable
PDF DETAILS

Opportunity to purchase a retail parade with residential upper parts in the centre of Guildford High Street

Summary

  • Opportunity to purchase a retail and residential parade in the centre of Guildford High Street.
  • The Parade consists of ten retail units predominantly over ground floor, totalling 18,633 sq ft (1,731.06 sq m).
  • The upper parts consist of 22 flats of varying sizes all let on AST’s and one small office suite.
  • Freehold
  • Multi-let to 10 retail tenants and 22 flats let on AST’s producing a total income of £1,011,069 per annum, with many of the retail tenancies having had their rents rebased. The WAULT is 4.17 years to lease expiry and 2.81 years including breaks.
  • We are seeking offers in excess of £13.5m subject to contract, exclusive of VAT which reflects a net initial yield of 7% (allowing for purchaser’s costs of 6.80%).