125 High Street Guildford Surrey GU1 3AA

125 High Street
Guildford
Surrey
GU1 3AA

Pedestrianised Freehold Retail Investment In Affluent Surrey Town

Let to Estee Lauder Cosmetics Ltd (t/a Jo Malone) until 2027 (subject to option)
Prominent position on busy and historic pedestrianised High Street
Affluent commuter town
Diagonally opposite the newly developed Tunsgate Quarter
Nearby occupiers include House of Fraser, Superdrug, Hobbs and Anthropology

Lot
15
Auction
23rd September 2020
Rent
£105,000 per Annum Exclusive
Status
Sold Post
Price
Auction Venue
Live Streamed Auction

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Pedestrianised Freehold Retail Investment In Affluent Surrey Town

Let to Estee Lauder Cosmetics Ltd (t/a Jo Malone) until 2027 (subject to option)
Prominent position on busy and historic pedestrianised High Street
Affluent commuter town
Diagonally opposite the newly developed Tunsgate Quarter
Nearby occupiers include House of Fraser, Superdrug, Hobbs and Anthropology

Lot 15
Auction 23rd September 2020
Rent £105,000 per Annum Exclusive
Status Sold Post
Price
Sector
High Street Retail
Auction Venue
Live Streamed Auction

Property Information

Location

Miles: 6 miles south of Woking; 30 miles south-west of London
Roads: A3001, A25 & A3
Rail: Guildford Rail (38 mins to London Waterloo)
Air: London Gatwick & London Heathrow Airport

Situation

Guildford is a historic and affluent London commuter town located 30 miles south-west of London and is Surrey's main administrative centre. The town is home to the University of Surrey, as well as being a popular tourist destination. The property occupies a prominent position on the northern side of the attractive pedestrianised High Street, close to its junction with Market Street. Diagonally opposite the property is the newly developed Tunsgate Quarter, which houses occupiers including Oka and Lululemon. Other nearby occupiers include House of Fraser, Hobbs, Superdrug, Office, Anthropology and Le Creuset.

Tenure

Freehold.

Location

Miles: 6 miles south of Woking; 30 miles south-west of London
Roads: A3001, A25 & A3
Rail: Guildford Rail (38 mins to London Waterloo)
Air: London Gatwick & London Heathrow Airport

Situation

Tenure

Freehold.

Description

The property comprises an attractive Grade II listed building comprising a ground floor retail unit with first floor ancillary accommodation.

VAT

VAT is not applicable to this lot.

EPC

Band D. See legal pack.

Description

The property comprises an attractive Grade II listed building comprising a ground floor retail unit with first floor ancillary accommodation.

VAT

VAT is not applicable to this lot.

EPC

Band D. See legal pack.

Tenancy & Accommodation

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Reversion
Ground first	Retail Ancillary	38.64 sq m 35.11 sq m	(416 sq ft) (378 sq ft)	ESTEE LAUDER COSMETICS LIMITED t/a Jo Malone (1)	10 years from 29/09/2017 on a full repairing and insuring lease (2)	£105,000	28/09/2027
Total		73.75 sq m	(794 sq ft)			£105,000

(1) For the year ending 30th June 2019, Estee Lauder Cosmetics Ltd reported a turnover of 575,867,000, pre-tax profits of 239,092,000 and shareholders funds of 308,920,000 (Source: SmartSearch 14/08/2020). The Estee Lauder Companies UK & Ireland is the number one prestige beauty company in the UK, with their brands sold in more than 4,000 stores. Estee Lauder has 25+ UK prestige brands including Jo Malone, Clinique and Bobbi Brown (Source: www.elcompanies.co.uk 14/08/2020). Founded in 1994, Jo Malone London is a British fragrance and lifestyle brand (Source: www.jomalone.co.uk 14/08/2020).
(2) The lease provides an option to determine on 28/09/2022, subject to 6 months notice. A break penalty of 8,750 is payable if the tenant exercises their break.

If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.