Freehold development opportunity comprising ground floor office (742 sq ft, source EPC) with additional buildings / land to the rear (all vacant) and planning permission for 2 x 1 bedroom new build apartments. Upper parts comprise 2 flats, sold off on long leases producing combined ground rents of £500 pa.

Description/Location

Prime town centre position, planning granted by Runnymede Borough Council Ref: RU.23/0485 on 14/07/2023 for demolition of the rear buildings and erection of a 2 storey building comprising 2 x 1 bedroom apartments. The apartments will have a separate access via a right of way adjacent to 42 Guildford Street. Potential for alternative residential / commercial schemes, utilising the existing buildings rather than demolishing / rebuilding, subject to planning.

Tenure

Freehold
Energy Rating: B (office).
Council Tax: Not currently registered.

Accommodation

Office: Ground floor offices - 74 sqm / 797 sq ft with kitchen area and wc. Shop front to Guildford Street, door to rear. Outside: Yards and 2 storey buildings (formerly trading for approx. 40 years as Chertsey Bait Wholesalers), right of way to Guildford Street to the side of 42 Guildford Street. Upper Parts: 1 x 2 bedroom duplex and 1 x 1 bedroom first floor flat. Both sold off on long leases for 125 years from 01/01/2017, ground rent £250 pa each.

Rent

Ground Rent: £500 pa

Virtual Tour

Virtual Tour 40 Guildford Street

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*Guide Price & Reserves

Generally speaking Guide Prices are provided as an indication of each seller’s minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

The “Important Notes For Auction Buyers” at the front of the catalogue includes a definition of “Guide Price & Reserve Price”. All properties are subject to a purchaser’s administration fee of £1,500 + VAT unless otherwise stated in the addendum (£420 inc VAT for lots with guide prices up to £3,000). If the purchaser is liable for any further costs these will be stated within the Special Conditions of the legal pack, that have been produced by the seller’s lawyer, a copy of which can be downloaded from our website.