248 High Street 1,100 sq ft Retail Property Cranleigh GU6 8RL £495,000 (£450/sq ft) 4.44% Net Initial Yield

Probably a late Victorian end of terrace shop and flat constructed of brick with tile-hung elevations under a pitched and tiled roof. The property also includes a detached gym building at the rear of timber and steel construction. There is also outside space at the front of the property.
SITUATION:
Located at the start of Cranleigh High Street, close to the Cricket Green and enjoying very high visibility as well as backing onto the Sainsbury car park. Cranleigh is a thriving centre, growing by the day, offering all the amenities required including a butchers, bakers, and fishmongers… rare these days.
The shop, built in the late Victorian era, offers excellent retail/class E space, self-contained with air conditioning. Formerly the very successful Amy Lou’s Greengrocers, the property is now available with the owner’s retirement.
ACCOMMODATION:
Main shop 13’8 x 28’5 - 389 / 36
Treatment room 20'8 x 13'8 - 283 / 26
Rear door to outside area and gym 16'4 x 26'2 - 428 / 39.8
Approx. total ground floor area 1100 / 102. The entire ground floor is air conditioned.
PRICE:
£495,000 STC and lease for the valuable freehold interest (plus VAT if applicable).
TERMS:
The ground floor is to be let on a full repairing and insuring lease for a term of 10 years with a rent review and tenant-only break clause after 5 years. Break clause requires 6 months prior notice. Rent £22,000 pax no VAT. The flat will be vacant upon completion.
VIEWING:
Strictly by appointment.