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Co-op Funeralcare (Not in Occupation), Guildford

74A Woodbridge Rd, Guildford GU1 4QH, UK

Basic Facts

Property ID: 13627 Post Updated: 2021-07-28 15:29:10
Status: Type:
Tenure: Virtual Freehold Area: 2505 sq ft
Gross Rent: £ 71,500 VAT applicable: Yes

Property Description

  • Virtual Freehold, Blue Chip Retail investment.
  • The Property comprises a retail parade of four units constructed in late 2005 with privately owned residential accommodation on the first and second floors. The ground floor unit has total area 1,385 sq ft.
  • The building is of concrete frame construction with steel reinforcements, brickwork cavity elevations under a pitched artificial slate mansard style roof. The retail units are fitted out to the tenants corporate standards, including wood laminate flooring, painted plastered walls, painted steel double glazed windows, suspended ceilings with recessed lighting and individual air conditioning cassettes. There are 6 car parking spaces reserved for the retail units.

Location Description

  • Property is situated in the affluent cathedral and commuter town of Guildford which is the county town of Surrey, Located on the A3, 30 miles south-west of Central London.
  • The property is situated on the east side of Woodbridge Road (A322) close to its junction with York Road (A246), some 400m north of the main retail area in the Town Centre.
  • The University of Surrey is located in Guildford with in excess of 16,000 students.
  • There are regular rail services to London Waterloo (33 minutes fastest journey time).
  • Occupiers close by include Futon Company, Lodges Brothers Funeral Directors, Salvation Army, a Job Centre, Waitrose in a mixed residential and commercial area.

Additional Information

  • All the tenants continued to pay rent on time throughout lockdown and as at 1st September 2020 is fully up to date.
  • Unit 1 let to Funeral Services Ltd (a wholly owned subsidiary of the Co-operative Group) for 10 yrs FRI from December 2018 at passing rent of £37,500. Rent review every 5th year Tenant break option in 2023.

Features

Attractive property
Finance available
Suitable for a SIPP
Tenant Multiple
Under £500k
Virtual Freehold

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