92-94 High Street, Guildford PRIME - Commercial Property Search ...

Investment Summary
Guildford’s catchment is one of the UK’s most affluent and
is ranked 5th on the PMA Affluence Indicator.
Guildford is a flourishing market town and attracts some of
the highest consumer spending in the South East.
Guildford has exceptionally strong occupational demand
with the likes of Apple, Superdry and Jamie Oliver’s Italian
Kitchen all taking space in the last few years.
The property is situated in a 100% prime pitch on the
pedestrianised High Street, opposite House of Fraser.
Nearby retailers include; Mappin & Webb, Ted Baker, Gant
and Jack Wills.
Freehold.
The property is let to Everything Everywhere Ltd (t/a
Orange) and Warnaco (UK) Ltd (t/a Calvin Klein Underwear)
with a W.A.U.L.T of 8.96 years.
The property provides a total rental income of £350,200 per
annum.
We are seeking offers in excess of £6,970,000 (Six Million
Nine Hundred and Seventy Thousand Pounds),
subject to contract and exclusive of VAT. A purchase at
this level will reflect a Net Initial Yield of 4.75%, a
Nominal Equivalent Yield of 5.06% (5.22% TEY) and
a Reversionary Yield of 5.11% (08/2014) after allowing
for purchaser’s costs of 5.8%.
N
Location
Guildford is the principal administrative and commercial centre for
Surrey and one of the premier retailing locations in the UK. The
town is located approximately 33 miles south west of London and
6 miles south of Woking. The town has excellent communications
with dual-carriageway access via the A3 to the M25, (8 miles to
the north). There are direct and frequent rail services to London
Waterloo (40 minutes), Portsmouth, Reading and Gatwick. Both
Heathrow and Gatwick Airports are both within 25 minutes drive
time.
Demographics
Guildford has a resident population of approximately 66,000 people
and a catchment of approximately 187,000 people living within
6 miles of the centre and 727,000 within 12 miles. The Guildford
catchment is one of the UK’s most affluent and is ranked 5th on the
PMA Affluence Indicator.
Guildford UK Average
Symbol of Success 18.3% 9.7%
Social Grade AB Category 38% 25%
Average House Price £406,000 £196,000
Unemployment 1.8% 3.7%
Guildford attracts an estimated 4.2 million tourists a year with
tourism generating a total average expenditure of £255 million per
annum.
15
A338
A338
A31
A420
SWINDON
M4
A4
ANDOVER
ANDOVER
A303
WINCHESTER
WINCHESTER
3
4
13
A34
BASINGSTOKE
A34
9
10
M3
8
MAIDENHEAD
A4
READING
12
SOUTHAMPTON
(EASTLEIGH)
AIRPORT
M27
A4
A272
12
A31
10
M3
HAVANT
PORTSMOUTH
M40
M4
4
PETERSFIELD
A3
A404
16
M25
FARNHAM
DORKING
A3
GUILDFORD GATWICK
A3
A27
A272
AIRPORT
CRAWLEY
A24
WORTHING
A406
CENTRAL
LONDON
M25
SHEPHERDS
BUSH
15
12
HEATHROW
AIRPORT
TWICKENHAM
A13
BROMLEY
3
43.2m
WIMBELDON
A3
CROYDON
5
M25
7
SEVENOAKS
A23
M23
9
A23
62
EAST
GRINSTEAD
A27
83
64
85
A22
Angel Hotel
LEWES
Retailing in Guildford
Guildford is a flourishing market town and attracts some of the
highest consumer spending in the South East outside Central London.
Prime pitch within Guildford is located on the pedestrianised section
of the High Street. There are two shopping centres within the
town; namely The Friary Centre and White Lion Walk, however the
High Street remains the premier shopping destination in the town.
Guildford has exceptionally strong occupational demand and it is
often the first location that retailers seek to establish representation,
having traded successfully in Central London. Retailers such as
Apple, Superdry and Jamie Oliver’s Italian Kitchen have all opened
stores within the town in recent years.
Situation
A27
BRIGHTON
El Sub 0mSta 10m 20m 30m
The property is situated in a 100% prime position on the
pedestrianised High Street opposite House of Fraser which is a
significant footfall draw. Retailers in the immediate vicinity include;
Mappin & Webb, Gant, Ted Baker and Jack Wills.
89
68
1
THE SHAMBLES
2
91
to 70
HIGH STREET
3
93
72
74
1
78
27
95
76
26
97
80
82
CHAPEL STREET
3
4
23 to 25
5
101
84
103
21
88
86
20
105 to 113
47.8m
Ordnance Survey © Crown Copyright 2012. All rights reserved. Licence number 100020449. Plotted Scale - 1:846
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92-94 High Street, Guildford
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116
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118
2
3
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122
6
4
1
Undergrou
Tunsga
Square