133-135 High Street, Cranleigh, Surrey, GU6 8AU

  • Investments
  • 544 sq ft
  • For Sale
133-135 High Street, Cranleigh, Investments For Sale - Cranleigh 133 135 High St GU6 8AU Front.JPG
133-135 High Street, Cranleigh, Investments For Sale - Cranleigh 133 135 High St Front 1.JPG
133-135 High Street, Cranleigh, Investments For Sale - Cranleigh 133 135 High St GU6 8AU Rear.JPG
133-135 High Street, Cranleigh, Investments For Sale - Cranleigh 133 135 High St Rear 1.JPG
Property Type Investments
Availability For Sale
Size 544 sq ft
Energy Performance Rating This property has been graded as 75 (C)

Excellent Freehold Retail & Residential Investment For Sale

Key Features

  • Attractive 2 Storey High Street Property
  • Scope to Extend at the Rear
  • Leaders Offer an Excellent Covenant With More than 140 Branches
  • Potential to Develop or Add Parking Space
  • Guide Price of £450,000

Location

The village of Cranleigh lies just off the A281 Guildford to Horsham road some 10 miles south of Guildford. Locally major housing development projects are under way providing up to 1500 new homes and Dunsfold received planning consent for the construction of further 1800 homes over the coming years. The premises enjoy a busy trading location immediately adjacent to Cockerill Shoes whilst being close to Lloyds Bank, Gregory & Seeley Opticians, Cook, WHSmith, Marks & Spencer Food & Sainsburys. A large public car park is close by.

Description

The property comprises a 2 storey brick-built retail & residential building with tile hung elevations, separate access to the flat from the High Street, a rear garden, behind which there is a 2-storey disused brick-built storage building with access from Tylers Court.

Accommodation

Ground Floor Shop 
Sales Area 363 sqft 33.72 sqm
Kitchen   68 sqft   6.13 sqm
Rear Storage 113 sqft   10.5 sqm
Rear WC     
First Floor Flat 

Comprising:- Lounge, 2 bedrooms, kitchen and bathroom.

Tenancies

The ground floor shop is let to Leaders Ltd on a lease for a term of 10 years from 22nd Oct 2012 with upward only rent review at the 5th year of the term at a current rental of £15,000 per annum exclusive of rates. The 2017 rent review has not been implemented. The first floor flat has recently been let on a Shorthold Tenancy at a rental of £1200 per calendar month. Total current income £29,400 per annum.

Price

Our clients are seeking a sale with a price guide of £450,000, subject to contract. A purchase at this level would reflect an attractive net initial yield of 6.25% after normal purchase costs.

EPC Rating

(75) C