Location
Ridgemount Garage is located to the West of Guildford town centre, off Guildford Park Road, approximately mid-way between the A3 trunk road and Guildford Mainline railway station.
Surrey University is within a 10 minute walk via the cathedral, which is located just to the north of the site.
Adjoining the site is a parade of retail shops with Surrey Sports Park being only a short drive away. Guildford town centre is within a 10 minute walk and the station is only a 5 minutes walk away.
The Property
The development sites comprises three separate titles; SY715497/SY715340 (Ridgemount Garage) and SY182222 (No 7 Ridgemount).
The former Safeguard bus depot makes up the majority of the site and comprises a large warehouse together with adjoining office building. The commercial buildings have the following areas:
The site has a total area of 0.18 hectares (0.45 acres).
Also incorporated within the planning permission is No7 Ridgemount, a detached 2 bedroom bungalow with separate garage. The combined gross internal area is approximately75.81 sq m (816 sq ft.)
Planning
Planning permission (reference19/P/01994) was granted by Guildford Borough Council on the 25th March 2021 for the development of 19 residential units (GIA-1,145 sq m(12,324 sq ft)) following the demolition of the warehouse, offices and No 7 Ridgemount.
A signed s.106 agreement is available on application to the sole agents. Obligations include the provision of 5 x 1 bedroom affordable units, education and highways contributions, open space and SANG contributions.
Scheme CGI
Tenancies
Ridgemount Garage – this is held on a short term lease dated 18th December 2020 by Ripley Motors t/a Guildford Automotiv. The lease is contracted out of the Landlord and Tenant Act 1954 part 2 and expires 31st July 2021.
No7 Ridgemount - this is held on an Assured Shorthold Tenancy with an expiry of the 5th August 2021
Services
Mains gas, water, electricity and drainage.
Terms
The property is being offered on an unconditional or conditional basis. Preference will be made to an unconditional sale.
The site is offered with a guide of £2.5m.
Tenure
Freehold with vacant possession or subject to the existing tenancies dependant, on the terms of the deal, as both occupants have indicated they could be interested in a lease extension.
Local Authority
Guildford Borough Council Tel: 01483 505050
Viewing
Strictly by appointment through the sole selling agents Coverwood Surveyors.
Contact Tim Metson on: 01483 801092 / 07974 674876 / tim.metson[at]coverwood.com