Home > Auctions > 15 & 16 April 2024 16 April 2024 - 9:00am > Lot 190

15 & 16 April 2024: Tuesday 16 April 2024 - 9:00am
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    Key features

    • To be offered on Tuesday 16 April
    • Freehold mixed-use corner site
    • Of interest to investors
    • Vacant buildings (previously offices, studio and education uses) with potential for development
    • Olivo restaurant let at a combined rent of £66,162 per annum
    • Attractive central location
    • Sought-after residential area
    • By order of Guildford Borough Council

    Description

    The properties are arranged as one row of adjoining buildings and two detached buildings.

    39 Castle Street is a detached, two storey building to the north of the site previously used as offices and is now vacant.

    39.5 Castle Street was constructed in 1816 as a chapel for the Calvinistic Independents. It later became a hay and corn store, a confectionery works and the Salter’s printing works in 1914. The building has been used most recently by the Council’s Heritage service as a recreated Victorian Schoolroom set in 1893 giving school pupils a taste of life as a Victorian school child. The building is vacant and is locally listed.

    40 Castle Street comprises a ground floor unit with a shop front last used as a photographic studio/office and is now vacant.

    40a/41 Castle Street is a self-contained first floor office with entrance at ground level to the rear of 40 Castle Street and extends over both 40 and 42 Castle Street. The building is vacant.

    53 Quarry Street interconnects with 42 Castle Street which are both Grade II Listed buildings and leased to Olivo restaurant at a combined rent of £66,162 per annum.

    The sale includes the access road to the rear.

    Additional information

    Tenure

    Freehold

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        Accommodation / Tenancy Schedule

        Local information

        A thriving mixed commercial and residential area just to the east of the town centre and close to the Castle Grounds and the River Wey a short walk away.

        This is a historic part of the town with many attractive period buildings nearby.

        Amenities are excellent with all the High Street and busy retail areas being nearby including an extensive range of shops, bars and restaurants as well as the leisure facilities that Guildford has to offer.

        Transport

        Guildford Railway Station (approx 10 minute walk) Frequent service to London (Circa 35 minutes).

        Bus - North Street bus station (approx 5 minute walk).

        Road - Guildford is well situated for access to the national motorway network via the A3 dual carriageway which connects to Junction 10 of the M25 approximately 10 miles away.

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        EPC rating

        If no EPC rating appears please refer to the legal pack.

        Guide prices and common auction conditions

        •Guide prices given are indications within 10% upwards or downwards of where the reserve price may be set at the time of going to print. Please note they are not an indication of the anticipated sale price or a valuation.

        •The reserve price is the minimum price at which the property can be sold.

        •Both the guide price and reserve price may be subject to change up to and including the day of the auction.

        •For unsold properties after an auction an Available price may be listed. This is the price that the seller(s) are looking for post auction, subject to contract and no higher offers, and has no relation to the guide prices listed prior to the auction sale.

        Please note that all prices listed, whether prior to or post auction, are subject to contract.

        The Auctioneers and sellers accept no responsibility for any loss, cost or damage that a buyer may incur as a result of relying on any guide price. It is the buyer's responsibility to decide how much they should bid for any lot. Please check with us for regular updates as guide prices are subject to change prior to the auction.

        The guide price does not include the buyer's fee charged by the auctioneer or VAT which may apply to the sale or other amounts the seller may charge. The seller's Special Conditions of Sale will state whether there are other seller's charges and whether the seller has elected to charge VAT on the sale price.

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