Freehold Retail and Residential Ground Rent Investment
Freehold Retail and Residential Ground Rent Investment
The cathedral town of Guildford, with a population of 65,000, is the county town of Surrey and a major commercial centre on the A3 dual carriageway, 30 miles south-west of Central London. The town benefits from good road communications, with the A3 connecting to the M25 London Orbital to the north and to the south coast. The property is situated on the northern side of Worplesdon Road, which directly connects to the A3 to the south. The property is located about two miles north of the town centre, in a predominantly residential location and adjacent to Sainsbury’s Local.
Freehold.
The cathedral town of Guildford, with a population of 65,000, is the county town of Surrey and a major commercial centre on the A3 dual carriageway, 30 miles south-west of Central London. The town benefits from good road communications, with the A3 connecting to the M25 London Orbital to the north and to the south coast. The property is situated on the northern side of Worplesdon Road, which directly connects to the A3 to the south. The property is located about two miles north of the town centre, in a predominantly residential location and adjacent to Sainsbury’s Local.
Freehold.
The property comprises a ground floor shop, with a separate rear room store and two flats above, that have been let on long leases.
VAT is applicable to this lot.
The EPC will be available to view online in the solicitor’s legal pack.
The property comprises a ground floor shop, with a separate rear room store and two flats above, that have been let on long leases.
VAT is applicable to this lot.
The EPC will be available to view online in the solicitor’s legal pack.
| Floor | Use | Floor Areas (Approx) | Tenant | Term | Rent p.a.x | Reversion | |
|---|---|---|---|---|---|---|---|
| Ground | Retail/Ancillary | 91.00 sq m |
(980 sq ft) |
LADBROKES BETTING & GAMING LIMITED (1) |
10 years from 23/08/2012 |
£25,151 | 22/08/2022 |
| Part Ground | Rear Room Store |
- |
(-) |
TARIAN INVESTMENT CO LIMITED sublet to Sainsbury’s Supermarkets Limited |
999 years from 30/03/2012 |
Peppercorn | 29/03/3011 |
| First | Residential - Two flats |
- |
(-) |
INDIVIDUALS | Each let for 125 years from 20/03/2013 |
£250 (each) | 19/03/2138 |
| Total |
£25,651 | ||||||
(1) For the year ending 31st December 2016, Ladbrokes Betting & Gaming Limited reported a turnover of £843,978,000, pre-tax loss of £499,547,000 and a total net worth of £722,200,000 (Source: Experian Group 18/09/2018).
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