64 / 64a Chertsey Street

Guildford, GU1 4HL

64 / 64a Chertsey Street, Guildford, Investment For Sale - Street scape ii.jpg
64 / 64a Chertsey Street, Guildford, Investment For Sale - Ground floor shop ii.jpg
64 / 64a Chertsey Street, Guildford, Investment For Sale - First floor living  dining ii.jpg
64 / 64a Chertsey Street, Guildford, Investment For Sale - Street View
64 / 64a Chertsey Street, Guildford, Investment For Sale - Ground floor ancillary ii.jpg
64 / 64a Chertsey Street, Guildford, Investment For Sale - Ground floor looking at frontage ii.jpg
64 / 64a Chertsey Street, Guildford, Investment For Sale - First floor bedroom ii.jpg
64 / 64a Chertsey Street, Guildford, Investment For Sale - Ground floor shower ii.jpg
64 / 64a Chertsey Street, Guildford, Investment For Sale - Street scape ii.jpg
64 / 64a Chertsey Street, Guildford, Investment For Sale - Ground floor shop ii.jpg
64 / 64a Chertsey Street, Guildford, Investment For Sale - First floor living  dining ii.jpg
64 / 64a Chertsey Street, Guildford, Investment For Sale - Street View
64 / 64a Chertsey Street, Guildford, Investment For Sale - Ground floor ancillary ii.jpg
64 / 64a Chertsey Street, Guildford, Investment For Sale - Ground floor looking at frontage ii.jpg
64 / 64a Chertsey Street, Guildford, Investment For Sale - First floor bedroom ii.jpg
64 / 64a Chertsey Street, Guildford, Investment For Sale - Ground floor shower ii.jpg
Pension opportunity
Property Type Investment
Tenure For Sale
Size 778 sq ft
Business Rates Small business rates exempt qualified.
Energy Performance Rating This property has been graded as C

An end terrace character two storey mixed commercial and residential property, pleasantly positioned between York Road and the High Street.

Key Points

  • A well positioned investment property, centrally located.
  • Two tenants currently producing £25,200 p.a.x. of rental income.
  • No onward chain.
  • A gross yield of approximatley 7.15%
  • Low lot size, only £350,000

Description

Ground and first floors, comprising - A ground floor lock up shop with an approximate 16 foot frontage with rear ancillary food prep space and a small portion of the rear garden, together with separate first floor residential accommodation with a ground floor shower and toilet at the end of the residential entrance hallway street entrance.

Available area

The accommodation comprises the following areas:

Name sq ft sq m Availability
Ground - Shop 170 15.79 Available
Ground - Ancillary (food prep) 154 14.31 Available
Ground - Part of the residential (shower / wc) 35 3.25 Available
1st - Living / Dining 217 20.16 Available
1st - Bedroom 202 18.77 Available
Total 778 72.28

Location

The property is on Chertsey Street in central Guildford between York Road and the High Street close to Martyr Road, a short walk to Waitrose. The subject property is surrounded by a variety of attractive Grade Listed properties and backs onto Allen House sports facilities grounds.

Terms

£350,000 for the freehold, subject to contract and proof of finance.

Leases

The ground floor - is let to Kallie's Deli at a rent of £12,000 p.a.x. until 20th October 2030 with tenant only breaks 21st April 2026 and 21st April 2029. The use is Class E(a) retail. The tenant is to maintain in full internal repair.,may assign or sub-let and have provided a £3,000 rent deposit. There is a rent review date of 21st October 2025.

The first floor - is let to Moving On Care Management at £1,100 per calendar month for a term to 25th June 2026. The rent is allowed to increase by a minimum of 5%.

Alternative Uses

Nearby Grade II Listed No 60 Chertsey Street has recently been granted Planning Consent for change of use from offices to residential throughout, 14th February 2025.