Let to American Golf Discount Centre Limited until September 2024 (subject to option)
Prominent position on A3 Guildford Bypass
Site area of 0.37 acres - low site cover
Customer car parking for approximately 28 cars
Future alternative use potential, subject to consents (previous A3 consent)
Affluent Surrey location
For the Seller's Legal Pack, please click the Property Documents tab below
Lot 18
Auction 7th July 2016
Rent £100,000 per Annum Exclusive
Status Sold
Price £1,100,000
Sector Retail Warehouse
Auction Venue The Radisson Blu Portman Hotel 22 Portman Squafre London W1H 7BG
Property Information
Location
Miles
2 miles south-west of Guildford, 9 miles south of Woking
Roads
A3, A31
Rail
Guildford Railway Station
Air
Heathrow Airport, Gatwick Airport
Situation
The property is situated in a prominent location on the southern side of the busy A3 Dual Carriageway, close to its junction with the A31 and 2 miles south-west of Guildford town centre. The A3 is a major road connecting London and Portsmouth and passing close to Kingston upon Thames, Guildford, Haslemere and Petersfield.
Tenure
Freehold.
Location
Miles
2 miles south-west of Guildford, 9 miles south of Woking
Roads
A3, A31
Rail
Guildford Railway Station
Air
Heathrow Airport, Gatwick Airport
Situation
The property is situated in a prominent location on the southern side of the busy A3 Dual Carriageway, close to its junction with the A31 and 2 miles south-west of Guildford town centre. The A3 is a major road connecting London and Portsmouth and passing close to Kingston upon Thames, Guildford, Haslemere and Petersfield.
Tenure
Freehold.
Description
The property comprises a ground floor retail unit with customer car parking for approximately 28 cars.
VAT
VAT is applicable to this lot.
Completion Period
Six Week Completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a ground floor retail unit with customer car parking for approximately 28 cars.
VAT
VAT is applicable to this lot.
Completion Period
Six Week Completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Review
Ground
Retail/Ancillary
293.95 sq m
(3,164 sq ft)
AMERICAN GOLF DISCOUNT CENTRE LIMITED (1)
15 years from 10/09/2009 until 09/09/2024 (2) on a full repairing and insuring lease
£100,000
10/09/2019
Total
293.95 sq m
(3,164 sq ft)
£100,000
(1) For the year ending 24th January 2016, American Golf Discount Centre Limited reported a turnover of £98,213,000, pre-tax profits of £2,277,000 and a total net worth of £20,087,000. They currently trade from about 106 stores in the UK and Ireland. (Sources: Experian Group and www.americangolf.co.uk 10/06/2016) (2) The lease is subject to a tenant option to determine on 10th September 2019, on not less than 9 months’ notice.
