We are delighted to announce that – acting jointly with Adam Sherling of Sherling and Partners – we have completed on the freehold purchase of Riverview House, Godalming, on behalf of a private client.
The site occupies a prominent position near the front of the Weyside Business Park, which is 1.5 miles east of Surrey market town Godalming’s town centre. The property has excellent access to the A3 which is just 3 miles to the west, and Godalming Railway Station 1.5 miles to the east provides direct, regular services to London Waterloo.
The building, which comprises 16,877 sq ft, was constructed in 1988 and comprises open plan office space set over two floors and has 75 car parking spaces, providing an excellent car parking ratio of 1:225 sq ft.
The property is let to MTi Technology limited, with expiry in the next 12 months, producing a rental income of £200,000 per annum. Having a tenant of this quality benefits our client and consequently they can rest assured, safe in the knowledge that they have a secure source of rental income.
In addition, the property also has future potential to convert to C3 Residential under Permitted Development Rights. Therefore, our client has a variety of options on lease expiry.
Investment Agent, Daniel Freedman had the following to say on the acquisition: “We were delighted to complete this excellent investment purchase for our private clients. The property fits their profile, in terms of flexibility, and we worked closely with our joint agent, Adam Sherling of Sherling and Partners, who we look forward to working with again in the near future.”
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