255 Guildford Road

Effingham, Surrey, KT245NP

0.12 Acres
For Sale
Retail, Investment Property, Development (Land & Buildings)

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DEVELOPMENT LAND, INVESTMENT PROPERTY AND RETAIL

Property Type Retail, Investment Property, Development (Land & Buildings)
Tenure For Sale
Size 0.12 Acres
Freehold Price Price On Application
Business Rates The shop and premises has a rateable value of £8,100. The two bedroom flat has a council tax banding of B. Please make your own investigations to confirm this.
Service Charge Not applicable
Energy Performance Rating Upon enquiry

Key Features

  • Prominently position on a 0.12 acre site fronting the Guildford Road
  • Ground floor retail (862 sq ft) with 2 bedroom flat above
  • Lease in place on whole building until 10 April 2020
  • Suitable for a number of redevelopment uses (subject to planning)

Location

255 Guildford Road is situated on a corner plot between the Guildford Road and the cul de sac Mount Pleasant, on the
outskirts of Effingham. Located with frontage to Guildford Road (A246) the area comprises mainly residential properties, with the King George V playing fields opposite.

Immediately to the west of the subject property is a two storey development of 5 one bedroom flats and a ground floor commercial unit which received planning permission in 2016. Prior to this, it was a single storey commercial building.

The M25 is 6.5 miles to the north east, Bookham station is approximately 2 miles to the north east and Effingham Junction station 1.5 miles to the north. It is within the boundary of Guildford Borough Council.

Description

The property is a two-storey 1920s style building with a pitched tiled roof. It comprises a ground floor self-contained convenience store (A1 planning use) with a large shop frontage and a first floor, 2-bedroom residential dwelling accessed via an external staircase to the rear of the property. There is a large rear garden that runs along a residential road and an outbuilding at the bottom of the garden.

Lease

The retail unit is leased to a traditional village convenience store on a lease expiring 10th April 2020, granted outside of the security of tenure provisions of the 1954 Landlord and Tenant act. A rent of £14,000 pa is payable on a quarterly basis. The lease contains rights to use the two bedroom flat above. Full vacant possession can be granted prior to lease expiry, subject to agreement.

Legal and Professional Fees

Each party to bear their own costs incurred.

Documentation

A copy of the following information is available upon application:

  • Title Plan
  • EPC Certificate
  • Lease

Offers

Offers are invited for the freehold interest in excess of £450,000. Both conditional and unconditional offers will be considered.