Yates, Guildford
05 February 2010

7-11 Bridge Street, Guildford

AG&G is pleased to advise that they have represented F&C Reit Fund Management in letting 7-11 Bridge Street, Guildford, GU1 to Tesco Stores at a rent of £60,000 pa.

The property comprised 4,860 sq ft over two floors.  The property formally traded as a Yates public house but the lease was surrendered to the landlord in May 2008.

Anthony Alder of AG&G comments:-

“it is interesting that after several years when leisure operators were able to outbid retailers in town centre locations such as this, the tables have been turned and, for well located properties such as this providing an open plan floor plate, retailers and leisure operators are able to competitively bid against each other on an equal playing field”.

AG&G are chartered surveyors specialising in the licensed leisure industry, with the skill and experience needed to value, assess or promote a property not simply as bricks and mortar but as a business. If it involves the price of a licensed premises, its profitability, rental value, investment prospects or value in a dispute, AG&G can help.

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