Summary - 64a, Chertsey Street, GUILDFORD GU1 4HL
1 bed 1 bath Commercial Property
Income-producing two-unit shop and flat with short-term upside potential.
Central Guildford location with strong footfall and nearby Waitrose
A compact freehold investment positioned on Chertsey Street in central Guildford, offering immediate rental income from two tenants. The ground-floor retail unit (16ft frontage) is let to a deli on a long lease with tenant repair obligations, while separate first-floor accommodation is let on a short assured contract, giving a mix of secure cashflow and near-term re-letting opportunity.
The lot is modest in size but benefits from a high-footfall location close to the High Street, Waitrose and local amenities, with fast broadband and excellent mobile signal. The advertised gross yield is approximately 7.15% at the £350,000 price, reflecting a low entry cost into a busy town centre market. Nearby Grade II-listed property consent for residential conversion indicates local demand and potential for change of use in the area.
Buyers should note material matters plainly: the plot is small, the local crime level is high, and the first-floor tenancy expires in June 2026 (rent review and tenant break dates apply to the ground floor). The ground tenant may assign or sub-let and is responsible for internal repairs; verify deposit and rent review outcomes. This asset suits investors seeking a low-cost, central income-producing property with short-term management events and longer-term upside from location and planning trends.
Chain-free sale and freehold title simplify transaction mechanics, but purchasers should carry out standard commercial due diligence on tenancy covenants, service liabilities and fit-out condition before exchange.
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