Commercial property for sale in Quarry Street, Guildford GU1

Strapline

Auction Sale - 15/04/2024

A significant freehold mixed-use corner site of interest to investors. Comprising a row of adjoining buildings and a detached building including Olivo restaurant, a former Victorian Schoolroom and two office buildings.

Restaurant let at £66,162 per annum, remainder vacant.

Investment / development opportunity with potential for alternative use, subject to consents.

Description

The properties are arranged as one row of adjoining buildings and two detached buildings.

39 Castle Street is a detached, two storey building to the north of the site previously used as offices and is now vacant.

39.5 Castle Street was constructed in 1816 as a chapel for the Calvinistic Independents. It later became a hay and corn store, a confectionery works and the Salter’s printing works in 1914. The building has been used most recently by the Council’s Heritage service as a recreated Victorian Schoolroom set in 1893 giving school pupils a taste of life as a Victorian school child. The building is vacant and is locally listed.

40 Castle Street comprises a ground floor unit with a shop front last used as a photographic studio/office and is now vacant.

40a/41 Castle Street is a self-contained first floor office with entrance at ground level to the rear of 40 Castle Street and extends over both 40 and 42 Castle Street. The building is vacant.

53 Quarry Street interconnects with 42 Castle Street which are both Grade II Listed buildings and leased to Olivo restaurant at a combined rent of £66,162 per annum.

The sale includes the access road to the rear.

Location

A thriving mixed commercial and residential area just to the east of the town centre and close to the Castle Grounds and the River Wey a short walk away.

This is a historic part of the town with many attractive period buildings nearby.

Amenities are excellent with all the High Street and busy retail areas being nearby including an extensive range of shops, bars and restaurants as well as the leisure facilities that Guildford has to offer.

Transport

Guildford Railway Station (approx 10 minute walk) Frequent service to London (Circa 35 minutes).

Bus - North Street bus station (approx 5 minute walk).

Road - Guildford is well situated for access to the national motorway network via the A3 dual carriageway which connects to Junction 10 of the M25 approximately 10 miles away.