Laser House, 75-79, Guildford Street, CHERTSEY, Surrey, KT16 9AS

Description

A 3-storey mixed use building comprising two ground floor retail units (one of which is currently let). The ground floor also benefits from a reception area which leads on to the first and second floor offices with passenger lift access. The property benefits from a rear gated private car park (approx. 17 - 20 parking spaces). Historically in 2021 (ref RU 21/0657) Laser House had the benefit (now expired) for Permitted Development comprising 8 residential units with a mix of 1 and 2 bed apartments on upper floors. The property may be suitable for a variety of alternative uses or residential redevelopment (Subject to consents and planning where applicable) Accommodation: Unit/Floor: Ground Retail unit 1- vacant Accommodation/Lease: Approx. 680 sq ft / 63 m2 Unit/Floor: Ground Retail unit 2 Accommodation/Lease: Approx. 445 sq ft / 41 m2 – Let on Assignment expiring 27/9/2028 (Outside the L&T Act) at a rent of £12,000 pa Unit/Floor: First, second and (part) ground floor offices - vacant Accommodation/Lease: Offices and ancillary accommodation inc. kitchen and WCs Approx. 5,186 sq ft / 482 m2 Outside: Gated parking (approx. 17 - 20 spaces) EPC: Retail B/C, Offices D

Location

The town centre building fronts Guildford Street, well positioned between the major retail centres and car parks of Sainsburys and Aldi and close to all the local retail, banking, restaurants, cafes and recreational amenities. Chertsey is approx. 1.5 miles from Junction 11 of the M25 which provides connections to the national motorway network as well as Heathrow and Gatwick Airports. There is a rail service at Chertsey rail station (to London Waterloo, Chiswick and Clapham Junction).

Investment Analysis

Investment Snapshot

Property & Refurbishment

Initial feasibility allowance: £15,000–£45,000. This is not a contractor quotation and should be confirmed following inspection and detailed scope.

Rental Analysis

The auctioneer-published rent identified in the source is approximately £12,000 per annum.

GDV / Resale Analysis

No independent RICS/Land Registry comparable valuation has been inserted solely from the scraped auction data. End value should be confirmed against recent genuinely comparable transactions before bidding.

Properties Sold Within Approx. 5 Miles

No independently verified sold comparables are inserted from the auction scrape alone. Confirm recent Land Registry/RICS comparable evidence before relying on a GDV.

Investor Risks & Due Diligence

• Review the full legal pack and title before bidding

• Confirm all auction administration / contract charges

• Verify property condition and obtain appropriate surveys

• Confirm refurbishment costs with contractor quotations

• Verify tenancy documents, rent history and deposit compliance

Recommendation

Preferred strategy: Commercial Income Investment. This recommendation is an initial appraisal based on the auctioneer's published property information and should be tested against the legal pack, inspection, finance and local market evidence.

Strategy Rating

Commercial Income: ★★★★☆

Development: ★★☆☆☆

Flip: ★★☆☆☆