SIX WEEKS COMPLETION

Freehold mixed use building (1942 sq ft) comprising ground floor restaurant with staff accommodation across 2 upper floors. Currently let producing £19,865 pa. Rear yard, development potential.

Description/Location

The building is let on FRI terms (inside the Landlord & Tenant Act) until 30/09/2025. Prominent, town centre position in Guildford Street close to the junction with Eastworth Road. Potential to separate the commercial and residential elements and create a self contained, 3 bedroom maisonette subject to planning. Potential to extend into or develop the yard, subject to planning. Planning consent has just been granted for 2 x 1-bedroom flats in a self-contained building in the rear yard area of 40 Guildford Street, Ref: RU 23/0485. In our opinion the building is under-let, we estimate the current value of the restaurant is £14,000+ pa, a self contained 3 bedroom maisonette at £16,800 pa.

Tenure

Freehold
Council tax band E

Office Contact

Network Auctions - 020 7871 0420

Accommodation

Ground Floor: 848 sq ft. Restaurant comprising dining room with shop front, kitchen and food preparation areas, store room, 2 x customer wc's. First Floor: 662 sq ft. Landing, 3 rooms, shower room. Second Floor: 431 sq ft. Landing, 2 rooms. Outside: Large rear yard with vehicle access.

Virtual Tour

Virtual Tour 38 Guildford Street

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*Guide Price & Reserves

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