5 The Parade, Burden Way

Guildford, Surrey, GU2 9PB

5 The Parade, Burden Way, Guildford, Investment For Sale - Website External.jpg
5 The Parade, Burden Way, Guildford, Investment For Sale - Website Internal.jpg
5 The Parade, Burden Way, Guildford, Investment For Sale - Website External.jpg
5 The Parade, Burden Way, Guildford, Investment For Sale - Website Internal.jpg
Property Type Investment
Availability For Sale
Size 1,378 sq ft
Price £395,000
Business Rates £4,007.60 per annum (based on rateable value of £8,600). Flat: Council Tax Band C
Energy Performance Rating This property has been graded as C (65)

Mixed Use Freehold Property
Ground Floor Office and Two Bedroom Flat Above
2 On-Site Car Parking Spaces
128 sq m / 1378 sq ft

Location

5 The Parade is located in the Guildford suburb of Stoughton to the north of the town centre. It is situated in a primarily residential area close to the Queen Elizabeth Housing development. There is close access to both Worplesdon Road A322 and Woking Road A320.

Description

This property is a two-storey, end of terrace, mixed-use building. It comprises a ground floor A2 use shop and a first floor two-bedroom flat. It is a brick construction with full height glazed shop frontage at the ground floor level and hanging tile above. The property has a shared rear access to the flat via an external staircase. There are also two on-site parking spaces associated with this freehold.

Tenure

The Freehold of the property is available.

Income 

£24,140 p.a.  

Tenancies

The ground floor shop is let on a 10 year lease from August 2019 at a stepped rent up to £11,000 p.a. The flat is currently let on an AST from 1st September 2018 producing £13,140 p.a. for a 1 year term.

Legal Costs

Both parties to bear their own legal costs incurred in the transaction

Viewing

Strictly by appointment with the sole agents

Accommodation

The accommodation is approximately: 

Ground Floor    
Office 79.43 sq. m. 855 sq. ft.
First Floor    
Flat 48.56 sq. m. 523 sq. ft.
Total  128 sq. m.  1,378 sq. ft.