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The property comprises a high yielding mixed-use investment occupying a prime pitch in Godalming.
Arranged across basement, ground and two upper floors, the Grade II Listed property comprises a fully let investment with a retail/restaurant unit to the ground floor and basement (including rear garden) with a single six room flat to the upper parts.
The ground floor retail unit is let on a 10 year lease expiring 15/07/2028 and producing £20,445 per annum. This includes a separate license over the garden area for £1,000 per annum.
The upper parts are let on a new Assured Shorthold Tenancy (AST) to a Private Individual paying £23,660 per annum.
The property occupies a prominent pitch at the corner of Wharf Street and the High Street, the property therefore benefits from high footfall and is surrounded by a number of local and national occupiers.
Tenure
Freehold
Tenancy
The ground floor and basement is let to Roost Godalming Limited on a 10 year lease expiring 16/07/2028 and paying £19,445 per annum. The lease is on effective FRI terms and the tenant did not exercise their 2023 break option. The tenant also benefits from a license over the rear garden producing £1,000 per annum and therefore the total rent receivable from the ground floor is £20,445 per annum.
The upper parts are let on a new Assured Shorthold Tenancy (AST) to a Private Individual paying £23,660 per annum.
Rent