Summary - 12, CASTLE STREET GU1 3UW
1 bed 1 bath Commercial Property
**Standout Features:**
- **Location:** Situated in historic Guildford's cosmopolitan student neighborhood.
- **Property Type:** Ground floor commercial space with a 989-year lease.
- **Current Rental Income:** Tenant in place, generating £23,500 per year on a 5-year lease.
- **Condition:** Well-maintained with modern fixtures, vinyl flooring, and electric heating.
- **Parking:** Includes one off-street parking space.
**Potential Considerations:**
- **Size:** Total area of 513 square feet may limit use options.
- **Crime Rate:** The area has a very high crime rate, which may raise concerns for some buyers.
- **Future Use:** Conversion to residential requires planning permission; primarily suited for retail or office use.
**Summary Description:**
Nestled in the vibrant, bustling community of Guildford, this charming commercial property presents a unique investment opportunity. Spanning both the ground floor and basement, the unit is decorated tastefully and equipped for various uses, such as a beauty salon, office, or retail space. With a secure tenant already generating a healthy income of £23,500 per annum through a new 5-year lease, the property offers immediate cash flow potential for savvy investors. The location, just off the main high street, boasts high foot traffic and excellent visibility, while the traditional facade and characterful design add a touch of charm. Future owners will appreciate the included off-street parking, a rare find in urban settings.
While currently in good condition, potential buyers should note the very high crime rate in the area. Additionally, the property’s compact size limits its use and versatility, reminding investors of the practical considerations when envisioning its future. Take advantage of this income-producing gem—such properties are seldom available for long!
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