Summary - 133 High Street, GODALMING GU7 1AF
1 bed 1 bath Retail Property (high street)
Mixed-use freehold with parking, station walkable and long retail lease in place.
- Large ground-floor retail: c.2,375 sq ft
- Two first-floor flats: one-bed and two-bed
- Total income £63,600 pa from retail and flats
- Retail let on 10-year IR&I lease from 2024 (£30,000 pa)
- Flats let on short ASTs (1yr and 2yr) — reversion risk
- Private car park with six parking spaces
- Newly built large rear extension to ground and first floors
- Area records high crime score; insurance/tenant risk higher
A substantial freehold high‑street investment at 133 High Street, Godalming, offering a large ground-floor retail unit plus two first-floor flats. The ground floor extends to approximately 2,375 sq ft and benefits from a recent large rear extension; the site includes a private car park with six spaces and rear access to South Street Car Park. The retail unit is let on a 10‑year internal repairing and insuring lease from 2024, producing £30,000 pa. The two residential flats are let on short assured shorthold tenancies, producing £34,600 pa combined, giving a current total income of £63,600 pa.
This asset sits at the upper end of Godalming High Street close to the Pepperpot, with strong footfall generators nearby and a five‑minute walk to Godalming station (regular services to London Waterloo and Portsmouth). The location is in a very affluent area with excellent mobile signal and decent road links to the A3 and M25, supporting both retail and rental demand.
Considerations for buyers: the area reports a high crime score, which may affect certain retail uses or insurance costs. Broadband speeds are average only; modern operators or tenants may require upgrades. The two flats are currently on short-term ASTs, which creates reversion opportunities but also potential near-term void or re-letting risk. The retail lease is IR&I, so tenant repair obligations reduce immediate landlord maintenance exposure but highlight reliance on tenant covenant and lease security.
Overall this is a high‑capacity mixed‑use freehold with immediate income and scope to increase value through lease re-gearing, longer residential tenancies, service improvements, or active asset management given its central town position and parking provision.
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