Boots, Guildford

An attractive freehold retail investment with development potential entirely let to Boots on a lease which expired on July 2025. The property benefits from planning consent to convert and extend the existing building to create 6 new flats above the ground floor commercial unit. Investment let at £130,024 p.a. It is located adjacent to Prêt à Manger in the bustling pedestrianised town centre. The current tenant has been in occupation since 1989.

The property is arranged over ground and one upper floor to provide a ground floor shop with office and ancillary accommodation above.

Accommodation:
Ground Floor - 165.84 sq m (1,785 sq ft)
First Floor - 80.54 sq m (867 sq ft)
Total - 246.38 sq m (2,652 sq ft)

Tenancy:
Let to Boots UK Limited (t/a Boots Optician and Hearing Care) on a full repairing and insuring (FRI) lease for a term of 5 years from July 2020 at £130,024 per annum. The lease expired on 21 July 2025 and a Section 26 Notice was served on 3 March 2025 which has been extended and expires on 16 February 2026.

Planning:
The property benefits from planning permission for the Conversion and extension to existing commercial building to create 6 new flats above ground floor commercial unit. Refurbish existing shopfront on Angel Gate and modify existing ground floor service yard to accommodate new residential entrance and refuse storage (Ref:23/P/00401).

For further information, please reach out to the team.