Freehold Retail and Residential Investment

Key Points

• Comprising two ground floor commercial units and 6 residential units
• Total gross income of £114,000 pa
• Approximately 3.5 years unexpired lease term on ground floor
• Located in very close proximity to Ash Vale railway station
• Off street parking for each unit
• Freehold

Description

This investment opportunity comprises a mixed use property, with two commercial units on the ground floor along with 6 self contained flats on the first and second floors. Private parking to the side of the building provides allocated spaces to each tenant.

Available area

The accommodation comprises the following areas:

Location

The property in the village of Ash Vale within very close proximity to Ash Vail train station as well as multiple local shops such as the Tesco Express. The A331 is a short drive from the village and provides fast access to the Blackwater Valley towns with access to Junction 4 of the M3 to the north and south the A3 via A31. Ash Vale falls within the borough of Guildford.

Tenancy

The property is fully let with the exception of Flat 6, which is being marketed for £1,200 per month, and once let the property will produce £114,000 pa. Unit 1 is let to Levales Solicitors LLP from 27th March 2023 until 26th March 2028 at a rent of £18,500 pa. Unit 2 is let to Jewel Home Group Limited from 11th April 2023 until 10th April 2028 at a rent of £14,500 pa. Flats 1 to 6 are all occupied under ASTs for a total combined rent after the letting of Flat 6 of £81,000 pa.

Terms

The property is held freehold under title number SY237918. Curchod & Co are instructed to dispose of the freehold interest at a price of £1,640,000.

Anti Money Laundering

To comply with Anti Money Laundering regulations, Curchod & Co undertake ID checks for all successful purchasers and tenants where legislation requires us to do so.