Retail property (high street) for sale
Property description & features
- Tenure: Freehold
- 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.
Property information from this agent
Places of interest
See more properties like this:
*DISCLAIMER
Property reference FbZ2zLEdGwo. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Clifton Agency - London.
OnTheMarket may have applied supplementary data to this property listing, including:
Broadband availability and predicted speed
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2
Mobile phone signal availability and predicted strength: obtained from Ofcom on September 8, 2023
Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:
Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area
Any supplementary data should not be relied upon as forming part of any property particulars and OnTheMarket cannot be held responsible for any incorrectness in this data. See here for more information.