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Angel Court 88-92 High St 8,723 SF 100% Leased Retail Building Godalming GU7 1DT $1,615,270 ($185.17/SF) 7.70% Cap Rate
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
Storefront
Building Size
8,723 SF
Building Class
B
Year Built
1890
Price
$1,615,270
Price Per SF
$185.17
Cap Rate
7.70%
NOI
$124,376
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.74
Lot Size
0.11 AC
Frontage
68’ on High Street
Amenities
- Security System
- Energy Performance Rating - 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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