FREEHOLD RETAIL INVESTMENTFOR SALE

DESCRIPTION

at123 and 125 Collingwood Crescent

Merrow, GuildfordSurrey, GU1 2PF.

1 MINT STREET, GODALMING, SURREY GU7 1HE

123 and 125 Collingwood Crescent are two lock up shops, currently joined by the present Tenant. The units enjoy rear access and parking via a service yard. The building is we believe a 1960’s built concrete framed building over two floors, the flats over have been sold on a long leases.

Westwood and Company________________________________________________________________________________________________COMMERCIAL PROPERTY AGENTS, LAND AND DEVELOPMENT CONSULTANTS, VALUERS,

INVESTMENT PROPERTY, LEISURE AND LICENSED PROPERTY AGENTS

TEL: 01483 429393 www.westwoodandco.com

2)

SITUATION

ACCOMMODATION

THE LEASE

TENURE

PRICE

RATEABLE VALUE

VIEWING

EPC

Located in a busy neighbourhood parade serving the local area. Nearby are local schools, nursery schools and doctors surgery. Guildford Town Centre is about 2 miles, the A3 Trunk Road about 2 miles and Surrey University and Royal Surrey Hospital are both about 2 miles.

Each unit is approximately 840 sq/ft (78 sq/m) total 1,680 sq/ft (156 sq/m) with wc, loading doors and rear access.

Both properties are let on a full repairing and insuring lease to the same Tenant, expiring on 20th March 2017. The rent for each unit is £15,000 pax no vat, total £30,000pax no vat.Both leases are inside the 1954 Landlord and Tenant Act.

Each shop is sold on a 999 year lease from 1982 at a peppercorn rent. The purchaser will also get 25% of the shares of the company that owns the freehold.

£450,000 stc. And existing leases, showing a yield after buyer`s costs of 5.8% of 6.3%.

May divide.

Combined £21,050.

Strictly by arrangement via Sole Agents.

Commissioned.

Whilst every care has been taken in the presentation of these particulars intending purchasers should satisfy themselves as to their accuracy. They do no constitute any form of offer or contract. All negotiations should be conducted through

WESTWOOD AND COMPANY

VIEWING STRICTLY BY APPOINTMENT THROUGH SOLE AGENTS WESTWOOD AND COMPANY ON 01483 429393

Website www.westwoodandco.com