Guildford – 168 High Street & Highpoint Offices

Acting on behalf of the vendors, Steamer Trading Limited, Reid Rose Gregory have carried out a sale and leaseback of this prime retail unit on a new 15 year FRI lease at a rent of £285,000 pa.

The property is located in the pedestrianised section of the High Street and comprises a visually stunning Shop Unit together with an additional self-contained office building to the rear known as Highpoint which generates a further rental income to the purchaser of £73,250pa.

We received considerable interest in the investment resulting in a competitive bidding process before eventually agreeing a sale to Rushmoor Borough Council for a sum of £6,750,000 which reflects a net initial yield of 4.98%.