The highly affluent south east town of Guildford is one of the UK’s premier retail destinations located approximately 30 miles (48km) outside of Central London. The town has excellent transport connections and a well-respected university.

The unit occupies a prime High Street position adjacent to M&S and close to the entrance to White Lion Walk.

The property comprises a well configured retail investment, comprising 3,386 sq ft (315 sq m) over ground and two upper floors.

The lease was varied in 2021, rebasing the rent and moving the break clause out from April 2023 to April 2027.

The property is freehold and is let to the undoubted covenant of O2 UK Limited for an unexpired term of c.5 years. The tenant has an Experian rating of 100/100, reflecting a very low risk.

The subject property has seen a rates reduction from April 2023 of c.30% providing an opportunity to drive rental growth.

Our clients are seeking offers in excess of £2,450,000(Two million Four Hundred and Fifty thousand pounds)subject to contract and exclusive of Vat, which reflects a net initial yield of 7.67%, net of standard purchaser’s costs.