133-135 High Street

High Street
Cranleigh, GU6 8AU

Use Class E

544 sq ft

£450,000

Use Class

Size

544 sq ft

Price

£450,000

Marketed by Wadham & Isherwood

Last updated 17/11/2020

Excellent Freehold Retail & Residential Investment For Sale

Key Points

Total current income £29,400 per annum.
The first floor flat has recently been let on a Shorthold Tenancy at a rental of £1200 per calendar month.
Potential to Develop or Add Parking Space
Scope to Extend at the Rear.

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.

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.

Accommodation

Accommodation details below:

Dimensions

	ft	m
Sales Area	363	33.72
Kitchen	68	6.13
Rear Storage	113	10.5

Areas

	sq ft	sq m
Ground Floor Shop	544	50.5

Financial

Purchase Price

£450,000

Costs

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.

Sustainability

Energy Performance Certificate

Note: An accurate EPC value wasn't given for this property, please check with the relevant agent or owner for up-to-date information.

Last Updated

17/11/2020

Misrepresentation Notice

All the above information and descriptions (whether in the text, plans or photographs) are given in good faith but should not be relied upon as being a statement of representation or fact. Any areas, measurements or distances referred to are approximate only.