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Complete with an art-deco frontage originally built in the 1930's, the rest of the building completed construction in 2009 following a large-scale restoration process.
The building was shortlisted for Guildford design awards 2009, as well as first prize in the “people’s prize” Guildford Society 2009.
Currently the ground floor commercial tenancy is held on a long-leasehold interest by a blue-chip tenant covered by the 1954 Landlord and Tenant Act.
The first floor is split between five studio apartments of varying sizes, with another studio and a one-bedroom apartment on the second floor. The apartments do not come with parking, however they do share a bike rack, open terrace for seating, and views over Guildford and the Surrey hills.
The property also comes with scope for two more apartments to be added to the rear, adding additional potential income for any investor (plans attached).
Sold fully let, this investment returns approximately £110,000pa, giving an instant yield of 5.6%.