Vendor: Executor

Freehold site comprising 5 x lock up garages, 2 large parking bays and additional land equivalent to 0.046 acres. Part let, producing £6324 pa. Development potential subject to planning.

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Description/Location

The site fronts Hunter Road to the east of the town centre, London Road Station 0.2 miles, Guildford Station 0.7 miles. Currently, 4 garages are let at £108 pm each,1 garage and the a parking bay are vacant. We estimate the rental value of the parking bays is also £108 pm. With full occupancy the rent roll is £9072 pa. The site may be suitable for residential development subject to planning. We note season tickets are available for non-designated spaces at Farnham Road, York Road and Bedford Road multi-storey car parks in excess of £2,000 pa www.guildford.gov.uk/seasontickets

Tenure

Freehold

Viewing

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Rent

ERV: £9000+ PA

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*Guide Price & Reserves

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