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45 Church Rd 444 SF Retail Building Godalming GU8 5JB $326,436 ($735.22/SF)



INVESTMENT HIGHLIGHTS
- Popular small retail parade.
- Situated close to local supermarket and farmers market.
- £18,000 pa commercial income.
- Two-Storey Maisonette apartment above sold long-leasehold with 86 years left until expiry.
- Desirable countryside Surrey location.
- Retail tenant on the ground floor trading since 2023.
- Commercial Lease running until October 2033.
EXECUTIVE SUMMARY
Internally the retail premises have been well maintained with bright spot lighting throughout, with a marble likeness flooring, wood-panelling, and painting throughout. Barbershop chairs and sinks have also been fitted appropriate for the tenants use and having space for up to five customers at any one time. To the rear is a cordoned off kitchenette and WC which are functional. Out the back a storage unit/shed remains in a shell condition holding a small number of shop items.
The village of Milford is situated on the outskirts of the town of Godalming in the heart of Surrey, being surrounded by the Surrey Hills National Trust area of outstanding natural beauty.
The subject premises form part of a small parade at the top of Church Road, being close to the roundabout at the centre of the town and Portsmouth Road shops and small commercial premises including Secretts of Milford Farm Shop, Milford Village Hall, Tesco Express and Nisa corner shops. Directly opposite is the main car park serving Milford, also being a short walk from the local train station with national rail services to Guildford and on to the Capital, and Southwards on to Portsmouth. Local buses nearby along Church Road serve Godalming, Guildford, Midhurst & Haslemere.
The Ground Floor commercial unit has been let on a 10-year lease from October 2023 at £18,000pa with a 5th year rent review.
The upstairs apartment has been sold separately on a long leasehold with 125 years from 1986, having 86 years left until expiry.
The village of Milford is situated on the outskirts of the town of Godalming in the heart of Surrey, being surrounded by the Surrey Hills National Trust area of outstanding natural beauty.
The subject premises form part of a small parade at the top of Church Road, being close to the roundabout at the centre of the town and Portsmouth Road shops and small commercial premises including Secretts of Milford Farm Shop, Milford Village Hall, Tesco Express and Nisa corner shops. Directly opposite is the main car park serving Milford, also being a short walk from the local train station with national rail services to Guildford and on to the Capital, and Southwards on to Portsmouth. Local buses nearby along Church Road serve Godalming, Guildford, Midhurst & Haslemere.
The Ground Floor commercial unit has been let on a 10-year lease from October 2023 at £18,000pa with a 5th year rent review.
The upstairs apartment has been sold separately on a long leasehold with 125 years from 1986, having 86 years left until expiry.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Residential
Building Size
444 SF
Building Class
B
Year Built
1960
Price
$326,436
Price Per SF
$735.22
Tenancy
Single
Building Height
2 Stories
Building FAR
0.06
Lot Size
0.16 AC
Frontage
27’ on Church Road
AMENITIES
- Storage Space
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Istanbul Barbers
- -
- 444 SF
- -
- Oct 2033
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Istanbul Barbers | - | 444 SF | - | Oct 2033 |
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