Description

The Vault Real Estate is pleased to offer this exceptional mixed development investment opportunity situated in the village of Farncombe, Godalming. This property boasts an impressive yield of 8.1% with immediate income and 100% occupancy.

The current commercial tenant has been in occupation for over 50 years!

Specification

Size
1258 sqft

Tenure
This property is believed to be a freehold.

Tenancies
Ground Floor Unit – Currently leased on an FRI basis, generating £12,500 per year. Under the terms of the lease, there should be a rent review in 2027 and 2030.

First Floor Flat – Sold on a long lease with a ground rent of £50 per year.

Planning & Usage
Ground Floor – A1/A2 Retail and Financial/Professional Services
First Floor Flat – Residential C3

VAT
It is believed that VAT is not payable.

Services
None of the appliances and/or services have been tested and we advise any incoming buyer(s) to conduct their own assessments or tests.

Legal Costs
Each party is liable for their own legal and conveyancing costs.

Buyer Fees
Buyer fees are payable following the acceptance of an offer.

Council Tax & Rateable Value
Ground Floor Premises Rateable Value - £7800
First Floor Flat Council Tax Band - C
Local Authority - Waverley

EPC
Ground Floor - C 73 - See attachments
First Floor - C 70 (Potential 75) - See attachments

Anti-Money Laundering
To comply with the Anti Money Laundering Regulations 2017, all clients and parties will be asked to verify their identify and address. For limited companies, this applies to all directors and shareholders that hold more than 25% ownership.

Disclaimer
Although we have made every effort to ensure the information in this brochure is accurate, we encourage all interested parties to verify the details, including the description and floorplan, through inspection or other means. Any fixtures and fittings mentioned should be considered excluded from the sale unless explicitly stated. We have not tested any appliances or services and cannot guarantee their functionality.