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Retail Units & Shops

Surrey

Guildford

property

Let

142-144 High Street Guildford, GU1 3HJ

Use Class

Size

1,939 sq ft

Rent pa

£117,000

Price

£1,950,000

Market Sector

Retail & Shopping Park

Key Features

Prime retail and leisure investment in the extremely affluent town of Guildford
Freehold
Let to Molton Brown and Guildford Business Café who have both recently renewed their leases showing continued commitment to the building.
Molton Brown Limited rated ‘Secure - 95/100’ by Fame
Newly agreed and rebased passing rent of £117,000 per annum giving good prospects for future rental growth.
Future conversion to 3 flats if the upper parts become vacant, subject to planning
Upper parts benefit from an extremely rare late licence until 3am.
Guildford’s retail expenditure is forecast to grow by 5.70% pa over the period 2018-2023 (PMA).

Description

Prime retail & leisure investment let on new rebased leases

The property occupies a prime position on the pedestrianised High Street. Retailers in the immediate vicinity include: Boss, Brora, Joules, Massimo Dutti, Anthropologie and Barbour.

Furthermore, the recently re-developed Tunsgate Quarter is less than 50 metres away and has strengthened the pitch with the addition of: The Ivy, The White Company, OKA, Cath Kidson, seasalt, and lululemon athletica.

Location

Guildford is located approximately 27 miles southwest of London, adjacent to the Surrey Hills Area of Outstanding National Beauty.

- 235000 persons in Guildford Primary Retail Market Area.

- Guildford ranks 1st on the PMA Affluence Indicator.

- 4 million tourists per annum – generating £330m of additional spending.

- Popular commuter location – 7.95m from Guildford Station annually.

- 212,000 persons estimated shopping population

- 70% of the population categorised as ABC1 Social Groups.

- 16,000 students at University of Surrey.

Disclaimer

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.