69 High Street, Godalming
1, Wey Court Mary Rd, Guildford, Surrey, GU1 4QU
- Planning approved for 6 houses and 2 large apartments
- Located in the heart of Godalming
- Freehold purchase available with the potential of Ground Floor Retail sold off on a Long Lease
- GDV of residential scheme c £4m plus additional funds from sale of LLH
Planning permission has been granted for 6 houses and 2 large apartments on the upper floor and to the rear of the retail unit. Totalling 9,235 sq. ft. (858 sq. m) of residential floor space. The scheme is formed of a mixture of 1, 2 & 3 bed accommodation. There is dedicated access from the rear of the property including parking, private gardens, cycle stores, terraces and communal garden/landscaped areas.
There is already strong interest in the purchase of a 999 year lease on the vacant ground floor retail, with a potential simultaneous deal to be made along with the purchase of the Freehold. This is a benefit to any developers looking to reduce the risk associated with obtaining a vacant retail unit along with the residential development on the upper floors.
This prominent retail property lies in the centre of Godalming High Street. Adjoining occupiers include Superdrug, Waterstones, Boots and soon to open Gail’s Bakery. Godalming’s mainline train station is within 10 minutes walking distance with regular services to London Waterloo. The property is located opposite to the Town Centre’s main public car park and is visible to a large stretch of the High Street.