93-95 High Street, Guildford, GU1 3DP

Tenure:
Freehold

Location:
Guildford
Address:
93-95 High Street, Guildford, GU1 3DP

Area:
3,758 Sq ft

Property Details

The property is Grade II listed and occupies a prominent position on the prime pitch of the pedestrianised High Street.

The retail element of the property comprises well-configured retail accommodation on the ground floor with ancillary basement storage space and staff facilities on the first floor.

The upper parts are sublet to The Angel Hotel, a historic ex-coaching inn that has history dating back 500 years, and comprises 4 luxury hotel rooms.

 

  • Guildford is an attractive and busy retail destination in the county of Surrey and the centre ranks first as the most affluent catchment population in the UK
  • Guildford is the principal administrative and commercial centre for Surrey located 27 miles south west of Central London
  • The Property occupies a 100% Prime retail pitch on the pedestrianised High Street situated within the heart of Guildford’s town centre
  • Let to the low-risk 3A1 covenant GANT UK Limited until June 2028
  • Attractive property comprising well-configured retail accommodation on ground floor and ancillary basement storage and 1st floor staff room
  • Upper parts are sublet to the historic Angel Hotel and comprise 4 luxury hotel rooms
  • Passing rent of £335,000 per annum
  • Freehold
  • We are instructed to seek offers in excess of £6,980,000 (Six Million Nine Hundred and Eighty Thousand Pounds) subject to contract and exclusive of VAT. A purchase at this level would reflect a net initial yield 50% allowing for standard purchasers costs of 6.65%.

Guildford is the principal administrative and commercial centre for Surrey and one of the premier retailing locations in the UK. The town is located 27 miles south west of Central London and 5 miles south of Woking.

Guildford benefits from excellent road communications with dual carriageway access via the A3 to the M25 motorway providing easy access to Central London and the South East. The M3 lies to the north west of Guildford which joins the M27 outside Southampton.
The town benefits from frequent and direct rail services into London Waterloo, Gatwick Airport and Reading with a fastest journey time of approximately 36 minutes, 39 minutes and 35 minutes respectively.

London Heathrow Airport is located approximately 29 miles north east of the town and London Gatwick is located 30 miles to the south east, providing easy access to a wide range of regular domestic and international flights.

Ground Floor Sales
Property Size 2,018 Sq Ft - Sq Ft
Property Size 188 Sq M - Sq M

Basement / Storage
Property Size 1,288 Sq Ft - Sq Ft
Property Size 120 Sq M - Sq M

First Floor Ancillary / Storage
Property Size 452 Sq Ft - Sq Ft
Property Size 42 Sq M - Sq M

Total
Property Size 3,758 Sq Ft - Sq Ft
Property Size 349 Sq M - Sq M

Freehold.

The property is let to GANT UK Limited for a term of 10 years commencing 24 June 2018 at a passing rent of £335,000 per annum subject to an open market upwards only rent review in June 2023.

The upper parts have been sublet to Angel Hotel Guildford Limited (company number 07334293) for a term of ten years commencing on 23 March 2018 at a passing rent of £25,000 subject to an open market upwards only review in March 2023.