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    Key features

    • To be offered on Tuesday 3 September
    • High Yielding Mixed-Use Investment
    • Ground Floor Retail with Single Residential Unit Above
    • Ground Floor Lease Expires 2028 - Producing £20,445 per annum
    • 2023 Break Option Not Exercised
    • Upper Parts Let on New AST - Producing £23,660 per annum
    • Upper Parts Comprise Six Room Flat
    • Total Rent Reserved - £44,105 per annum
    • Prime Pitch in Popular Location
    • Guide Price Reflects 12.6% Gross Yield

    Description

    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.

    Additional information

    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

    £44,105 per annum
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      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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