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14-15 North St, Guildford

under offer

Office for sale

£6,600,000 16,982 sq ft

Knight Frank LLP
Status
Under offer
Property type

Office for sale Search all

Full address
14-15 North St, Guildford GU1 4AF – Guildford
Asking price
£6,600,000
Available space range
There is 1 space available. This measures 16,982 sq ft.
Features
Air conditioning, Security system, Storage space
Brochure
Download the brochure

Sale details

Sale unit 3915134 Under offer

16,982 sq ft, £388.65 per sq ft

Unit Sale unit 3915134
Address 14-15 North St, Guildford, Surrey, GU1 4AF, GB
Size 16,982 sq ft
Price £6,600,000
Price per unit £388.65 per sq ft
  • We have been instructed to re-market the freehold interest in the above mixed use investment.
  • Marketing details can be downloaded from the adjoining link and we set out the salient details below:.
  • Guildford is the principal administrative and commercial centre for surrey and one of the premier retailing locations in the uk.
  • The catchment population is one of the most affluent in the uk, ranking 1st of the promis centres on the pma affluence indicator.
  • Guildford is a flourishing market town and attracts some of the highest consumer spending per capita nationally.
  • Furthermore, guildford’s retail expenditure is forecast to grow by 5.70% pa over the period 2018-2023 (pma).
  • North street benefits from strong levels of footfall and offers an attractive rental discount to high street (c.
  • £300 za) and the friary guildford (c.
  • £200 za plus service charge).
  • The property is situated in a highly prominent position on north street directly opposite market street, which provides a well-trodden cut-through to the pedestrianised high street.
  • The 16,982 sq ft property provides two modern retail units with separate self-contained offices above, accessed via leapale road.
  • 76% of income is secured against the strong brands of poundland limited and c.e.x. limited.
  • Freehold.
  • The upper floors provide an exciting development opportunity for the purchaser with the ability to have vacant possession by 03/2022..
  • We are instructed to seek offers in excess of £6,600,000 (six million, six hundred thousand pounds), subject to contract and exclusive of vat, for our client’s freehold interest.
  • A purchase at this price would reflect an attractive net initial yield of 7.25%, assuming standard purchaser’s costs of 6.64%.
  • For further information, please contact: alastair bird, sam waterworth, joe kane or tim traynor.
Sale type Investment
Tenure Freehold
More building details Less building details

Property facts for 14-15 North St, Guildford

The property comprises a corner end building offering mixed use accommodation arranged over four floors. The property offers retail space to the ground floor with office space on the upper floors.

The property is located on North Street, at the junction with Leapale Road. The property is within close proximity to Guildford Railway Station and Junction 10 of the M25 Motorway.

Number of storeys
4
Rentable building area
16,982 sq ft
Year built
1980
Utilities
Heating - Electric

Attachments

PDF #1 Marketing brochure/flyer Download
PDF #2 Marketing brochure/flyer Download
PDF #3 Marketing brochure/flyer Download
PDF #4 Marketing brochure/flyer Download

This office for sale is located in Guildford.

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Meet the team

Knight Frank LLP

  • A profile photo of Sam Waterworth Sam Waterworth
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Meet the team

Knight Frank LLP

  • A profile photo of Sam Waterworth Sam Waterworth
View the performance or update the listing in CoStar

Contact agent

020 *** ****

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Disclaimer. Property descriptions, images and related information displayed on this page are based on marketing materials found on the website registered to Knight Frank LLP. Realla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Knight Frank LLP for full details and further information.