TypeRetail Investments

GU1 Eastgate House, 221-227 High Street, Guildford

TenureFor sale

Eastgate House, 221-227 High Street, Guildford, GU11/8

Specification

Building size
Building size1,912sqft
Property type
Property typeRetail Investments
Tenure
TenureFor sale

Description

A ground floor, retail investment portfolio of three premises, let to three tenants all within class x9Ex9. Each unit internally is square in shape, with fire escapes to the rear and a generous amount of floor-to-ceiling natural light from the front windows.

221 High Street agreed a 10-year lease with a 5th year break clause and rent review, completed August 2026 to Sushi Co. Let at £47,500pa.

225 High Street renewed their lease in July 2023 to a barbershop on a 15-year lease with 5th year anniversary reviews and

no break clauses. Let at £23,500pa.

227 High Street let to a phone repair and vape shop in May 2022 on a 10-year lease with a 5th year break clause and rent review. Let at £23,500pa.

Freehold for the block available as part of this sale, with a ground rent of £600pa.

Fully tenanted investment.

Three separate tenants generating a rent of £95,100pa.

Premises falling within class x9Ex9.

Freehold for the entire block (inclusive of flats above) potentially included as part of the sale.

Can be sold in part or as a whole.

Guildford benefitting from a low retail vacancy rate of 6% - 7% compared to a national average of 13.5%.

Location

Situated in Guildford town centre along the main High Street in a strong secondary retailing pitch. Nearby occupiers include KFC, Pizza Express, TSB, Knight Frank and Savills. Guildford mainline railway station is approximately 0.5 miles away, with 40-minute links to London Waterloo. Ample public parking to the rear.

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