Stratton House Investment Properties Disposal
ANOTHER SUCCESSFUL DISPOSAL
Fletcher King are pleased to have advised Stratton House Investment Properties on the sale of 75 – 78 Woodbridge Road, Guildford; A Freehold High Street Retail Investment.
Salient details were as follows:
• The property comprises a retail parade of 4 units with a total net internal floor area of 3,890 sq ft (361 sq m).
• Located on the edge of Guildford Town Centre, the retail element is fully let to 4 different tenants and has a passing rent of £109,000 per annum equating to £28.02 per sq ft.
• In addition, 14 Flats have been sold off on 125-year leases producing a ground rent of £2,700 per annum.
The property was sold to The Harkalm Group who were represented by Vail Williams. Great to do have a done a deal with David Rhodes and Toby Yates MRICS. For further information, please contact Will Preece; firstname.lastname@example.org or Paul Morris FRICS; email@example.com. for further details including pricing.