Property photos
Auction
From
£675,000
Property for sale
High Street, Godalming GU7Local area information
Property location
Nearby amenities
- Moss Lane School 0 miles
- Godalming 0.2 miles
- St Hilary's School 0.3 miles
- Farncombe 0.9 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Features and description
- To be offered on Tuesday 16 April
- Prime High Street Investment Opportunity
- Two Retail Units with Commercial Upper Parts
- Let to Toni & Guy and Holland & Barrett
- Second Floor Let to Pilates Studio
- Producing £71,000 per annum
- Vacant First Floor Offering Both Asset Management and Development Potential (stp)
- Large Rear Yard with Separate Rear Access
- Affluent and Popular Location
- Guide Price Reflects 10.5% Gross Yield
- Erv Reflects 16.2% Gross Yield
Strapline
Auction Sale - 15/04/2024
Prime, High Yielding, Mixed Use Investment In Affluent and Popular Location
Two Retail Units with Commercial Upper Parts and Large Rear Yard + Access.
Let to Toni & Guy, Holland & Barrett and a Pilates Studio Producing £71,000 per annum, with the Vacant First Floor Offering Both Asset Management and Development Potential (subject to obtaining the requisite consents).
Description
The property comprises a prime, mixed use, multi let investment opportunity situated in a prominent position on Godalming High Street.
Arranged across ground, first and second floors, the property comprises two ground floor retail units with separately accessed commercial upper parts.
The ground floor retail units are let to the well known High Street brands of Toni & Guy and Holland & Barrett. The first floor is currently vacant whilst the second floor is let to jw Pilates.
The current total aggregate rent is £71,000 per annum, with evident asset management potential via the letting of the vacant space. We consider the erv of the asset when fully let to be in the order of £110,000 per annum.
The property also includes a large rear yard and car park which benefits from separate access from Lower South Street.
Tenancy
Please see the tenancy schedule for full information
Planning
Whilst there are no extant planning consents, we consider the upper parts, and in particular the vacant first floor, offer potential for development/conversion to alternative uses, including residential. There may also be potential to increase massing of the site at the rear to provide additional accommodation. Any planning potential is subject to existing leases and any requisite consents.
Auction Sale - 15/04/2024
Prime, High Yielding, Mixed Use Investment In Affluent and Popular Location
Two Retail Units with Commercial Upper Parts and Large Rear Yard + Access.
Let to Toni & Guy, Holland & Barrett and a Pilates Studio Producing £71,000 per annum, with the Vacant First Floor Offering Both Asset Management and Development Potential (subject to obtaining the requisite consents).
Description
The property comprises a prime, mixed use, multi let investment opportunity situated in a prominent position on Godalming High Street.
Arranged across ground, first and second floors, the property comprises two ground floor retail units with separately accessed commercial upper parts.
The ground floor retail units are let to the well known High Street brands of Toni & Guy and Holland & Barrett. The first floor is currently vacant whilst the second floor is let to jw Pilates.
The current total aggregate rent is £71,000 per annum, with evident asset management potential via the letting of the vacant space. We consider the erv of the asset when fully let to be in the order of £110,000 per annum.
The property also includes a large rear yard and car park which benefits from separate access from Lower South Street.
Tenancy
Please see the tenancy schedule for full information
Planning
Whilst there are no extant planning consents, we consider the upper parts, and in particular the vacant first floor, offer potential for development/conversion to alternative uses, including residential. There may also be potential to increase massing of the site at the rear to provide additional accommodation. Any planning potential is subject to existing leases and any requisite consents.
More information
Listed by
Savills - National Auctions
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