The Story So Far

GODALMING BUSINESS CENTRE GODALMING SURREY

The Property  GBC comprises 2,645 sqm/28,450 sqft in 8 two storey, 1987 built office buildings in a terrace with an adjacent, very maturely landscaped car park for 144 spaces and a leisure area. It is let to 8 tenants, including Royal Liver Assurance, Shipleys Accountants, Sinclair Pharma, Powerdesk and ISS Coflex.

It was developed by Heron Hi-Tech, designed for office use, but built at a time when open B1 planning consents were being resisted by local authorities, who viewed them as eroding their industrial base. Heron Hi-Tech appealed and succeeded, so GBC now benefits from open B1 consent throughout.

The buildings are now approaching 20 years old and look a little tired. We are lavishing our usual "tender loving care" on them. Hut Architecture have devised a phased upgrade strategy, which we implement as a building becomes vacant. World Wildlife Federation, originally in 5 GBC, recently exercised a break which gave us the opportunity to upgrade the building to include comfort cooling and raised floors. We were approached by Sinclair Pharma plc to take 11,000 sqft plus, but 5GBC was only half that size. Fortunately, at the same time, Bachy Soletanche, in 4GBC, vacated so we took a surrender in return for 3 years rent and upgraded 4GBC to match 5GBC. We have let both of them to Sinclair.

This is the largest letting in Godalming and the surrounding area for some time. Photographs of what can be done with buildings of this age, provided there is sufficient floor to ceiling height, follow and are well worth looking at. They demonstrate what can be done using a good designer and not a little money.

Why Buy?  8 good quality modern office buildings let to a variety of tenants and consequently with a spread of risk. A little tired, not having been upgraded since they were built, and with considerable potential for consequent improvement in value. In a superb location, sandwiched between Sainsburys and Waitrose superstores in an affluent Surrey town, with good road access to the A3 and M25. No less than 144 car park spaces, a ratio of 1:18 sqm/1:198 sqft, probably the best in Godalming and the entire south Guildford area.

Please click on the images below to enlarge.

Godalming   Godalming
     
Godalming   Godalming

Contact Us

Navigator Securities
15 Bruton Place
London W1J 6LU

Ivor A French FRICS
T 020 7529 5544
M 078 9999 1111
Email Ivor

David Coleman MRICS
T 020 7529 5540
M 07956 966 677
Email David