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Sold Post
The property comprises a prime, mixed use, multi let investment opportunity situated in a prominent position on Godalming High Street.
Arranged across ground, first and second floors, the property comprises two ground floor retail units with separately accessed commercial upper parts.
The ground floor retail units are let to the well known High Street brands of Toni & Guy and Holland & Barrett. The first floor is currently vacant whilst the second floor is let to JW Pilates.
The current total aggregate rent is £71,000 per annum, with evident asset management potential via the letting of the vacant space. We consider the ERV of the asset when fully let to be in the order of £110,000 per annum.
The property also includes a large rear yard and car park which benefits from separate access from Lower South Street.
A virtual tour of the vacant first floor is available.
Tenure
Freehold
Tenancy
Please see the tenancy schedule for full information
Planning
Whilst there are no extant planning consents, we consider the upper parts, and in particular the vacant first floor, offer potential for development/conversion to alternative uses, including residential. There may also be potential to increase massing of the site at the rear to provide additional accommodation. Any planning potential is subject to existing leases and any requisite consents.
Rent