No longer on the market
This property is no longer on the market
MapRetail property (high street)
Features and description
- Total current rebased income of £119,000 per annum
- Freehold
- Ground floor let to Molton Brown until 31st August 2029, who recently refitted and have been in occupation for over 25 years
- 80% of income to Molton Brown Ltd (Experian Rating 100/100)
- The leisure accommodation comprises a popular speakeasy bar let to Guildford Business Café Ltd which benefits from an extremely rare late licence until 3am
- Potential to convert upper parts to residential subject to planning consent
- The property occupies a prime position on Guildford’s pedestrianised High Street
- Mixed use property comprising 1,879 sq ft of retail & leisure accommodation over 3 floors
The property is situated at the eastern end of the cobbled High Street, Guildford’s main pedestrianised retail thoroughfare.
The building occupies a prime position on the southern side of the street adjacent to the busy Milkhouse Gate alleyway leading to the Castle Car Park and in close proximity to the Tunsgate Quarter shopping centre.
Retailers in the immediate vicinity include Sainsbury’s, Jigsaw, Anthropologie, Ba&sh, Barbour, Brora, Space NK, BOSS, Le Creuset, Hobbs & Megan’s.
The property is Grade II Listed from the early 16th Century, timber framed with a central door and further entrance to the left to Milkhouse Gate, a historic alleyway flanking the building.
The property comprises a well-configured shop on the ground floor totalling 636 sq ft which has been fitted out to a very high standard with Molton Brown having carried out a £300,000 refit at the start of 2022.
The self-contained upper parts are arranged over part ground, first and second floors with roof terrace totalling 1,303 sq ft occupied by an independent, bar functioning as a speakeasy trading as Tudor Antiques with a late licence to 3am. The tenant also occupies The Alley Bar adjacent on a lease until 2033. Access to Tudor Antiques is via the side passage to the left of Molton Brown, and after 10pm is through the Alley Bar on Milkhouse Gate.
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