|Size||544 sq ft|
|Energy Performance Rating||This property has been graded as 75 (C)|
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.
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.
|Sales Area||363 sqft||33.72 sqm|
|Kitchen||68 sqft||6.13 sqm|
|Rear Storage||113 sqft||10.5 sqm|
Comprising:- Lounge, 2 bedrooms, kitchen and bathroom.
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.
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.