Britannia House 5 - 6 Millmead Guildford Surrey GU2 4BE

Britannia House
5 - 6 Millmead
Guildford
Surrey
GU2 4BE

Freehold Office Investment

Prominent location 150 metres from High Street and 450 metres from Guildford Railway Station
Totalling approximately 1,930 sq ft
Includes 6 car parking spaces (1)
Residential conversion potential (subject to consents)

Lot
22
Auction
4th April 2019
Rent
£48,300 per Annum
Status
Sold
Price
£480,000
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

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Freehold Office Investment

Prominent location 150 metres from High Street and 450 metres from Guildford Railway Station
Totalling approximately 1,930 sq ft
Includes 6 car parking spaces (1)
Residential conversion potential (subject to consents)

Lot 22
Auction 4th April 2019
Rent £48,300 per Annum
Status Sold
Price £480,000
Sector
Office
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

Property Information

Location

Miles: 30 miles south-west of Central London, 6 miles south of Woking
Roads: A3100, A25 & A3
Rail: Guildford Railway Station, London Road Railway Station
Air: London Gatwick, London Heathrow Airport

Situation

Guildford is an affluent and attractive London commuter town situated 30 miles south-west of Central London. The property is located in the heart of the town centre overlooking the River Wey, 160 metres from High Street and 450 metres from Guildford Railway Station.

Tenure

Freehold.

Location

Miles: 30 miles south-west of Central London, 6 miles south of Woking
Roads: A3100, A25 & A3
Rail: Guildford Railway Station, London Road Railway Station
Air: London Gatwick, London Heathrow Airport

Situation

Tenure

Freehold.

Description

The property is two adjoining former houses each with its own entrance and currently comprises office accommodation on the ground and two upper floors. The property benefits from 6 car parking spaces to the rear (1).

VAT

VAT is not 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

VAT

VAT is not 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

Unit	Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.
Unit 5	Ground, First and Second	Office	76.51 sq m	(824 sq ft)	SCIECURE PHARMA LIMITED and JCSH PHARMA LIMITED	Let on a licence for a term of 1 year from 07/01/2019	£22,500
Unit 6	Ground	Communal area	30.00 sq m	(323 sq ft)
Unit 6	First	Office	32.55 sq m	(350 sq ft)	Local Covenant	Let on a licence for a term of 1 year	£10,800 (2)
Unit 6	Second	Office	40.27 sq m	(433 sq ft)	Local Covenant	Let on a licence for a term of 1 year	£15,000
Totals			179.33 sq m	(1,930 sq ft)			£48,300

(1) The seller has a lease of rights granted from the Church over the access road owned by the Church at a current rent of £3,788.75 per annum exclusive subject to annual increases and mutually determinable on 6 months’ notice.
(2) As to Unit 6 First Floor, the rent shown is inclusive. See legal pack for details.