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Angel Court 88-92 High St 8,723 sq ft 100% Let Retail Property Godalming GU7 1DT £1,200,000 (£137.57/sq ft) 7.70% Net Initial Yield
Investment Highlights
- 2-storey retail building extending to approximately 8,723ft² situated on a site of 0.11 acres
- Potential for future residential re-development of the upper and rear parts subject to obtaining necessary consents and possession
- Godalming train station is located 0.3 miles from the property providing frequent services into London Waterloo in 40 minutes.
- Fully let to Boots until 2028 at a passing rent of £97,250pa
- The property occupies a prominent position on the corner of the High Street and Moss Lane within Godalming, Surrey.
Executive Summary
Tenure
The property is being sold freehold with the existing tenancies remaining in situ.
Terms
Offers invited in excess of £1,200,000 which reflects £137psf on the existing areas and 7.70% NIY
The property is being sold freehold with the existing tenancies remaining in situ.
Terms
Offers invited in excess of £1,200,000 which reflects £137psf on the existing areas and 7.70% NIY
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront
Property Size
8,723 sq ft
Costar Property Class
B
Year Built
1890
Price
£1,200,000
Price per sq ft
£137.57
Yield
7.70%
NOI
£92,400
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
2
Plot ratio
1.74
Total Plot Size
0.11 ac
Frontage
68 ft on High Street
Amenities
- Security System
- EPC - D
- Storage Space
1 1
Nearby Major Retailers
1 of 3
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Angel Court | 88-92 High St
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