116 West Street Farnham Surrey GU9 7HH

116 West Street
Farnham
Surrey
GU9 7HH

Freehold Retail and Residential Investment

  • Recently renewed 10 year lease to Johnson Cleaners UK Limited (subject to
  • option)
  • Affluent and Historic Surrey Commuter Town
  • Short Distance from Lion & Lamb Yard Shopping Centre
  • Other Nearby Occupiers include Costa Coffee, Argos, Holland & Barrett, Boots and Halifax Bank
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot
    41
  • Auction
    7th July 2016
  • Rent
    £50,300 per Annum Exclusive
  • Status
    Withdrawn Post
  • Price
     
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Squafre
    London W1H 7BG
Important Update
  • Expand
  • Photos
  • Map

* More information on the term "guide" can be found here

Freehold Retail and Residential Investment

  • Recently renewed 10 year lease to Johnson Cleaners UK Limited (subject to
  • option)
  • Affluent and Historic Surrey Commuter Town
  • Short Distance from Lion & Lamb Yard Shopping Centre
  • Other Nearby Occupiers include Costa Coffee, Argos, Holland & Barrett, Boots and Halifax Bank
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot 41
  • Auction 7th July 2016
  • Rent
  • Status Withdrawn Post
  • Price  
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Squafre
    London W1H 7BG

Property Information

Location
Miles
7 miles south of Farnborough, 9 miles west of Guildford, 40 miles south-west of Central London
Roads
A3, A31, A287, A325, M3
Rail
Farnham Rail
Air
Heathrow Airport, Gatwick Airport
Situation

Farnham is an affluent Surrey commuter town to the west of Guildford. The property is prominently situated on the northern side of West Street, just up from Lion & Lamb Yard Shopping Centre which houses occupiers including Waterstones, Joules, Cote and provides direct access to Waitrose. Other nearby occupiers include Costa Coffee, Argos, Holland & Barrett, Boots and Halifax Bank.

Tenure

Freehold.

Location
Miles
7 miles south of Farnborough, 9 miles west of Guildford, 40 miles south-west of Central London
Roads
A3, A31, A287, A325, M3
Rail
Farnham Rail
Air
Heathrow Airport, Gatwick Airport
Situation

Farnham is an affluent Surrey commuter town to the west of Guildford. The property is prominently situated on the northern side of West Street, just up from Lion & Lamb Yard Shopping Centre which houses occupiers including Waterstones, Joules, Cote and provides direct access to Waitrose. Other nearby occupiers include Costa Coffee, Argos, Holland & Barrett, Boots and Halifax Bank.

Tenure

Freehold.

Description

The property comprises a ground floor retail unit with residential accommodation at first floor and second floors and to the rear. The property includes the alleyway to the side of the commercial unit which leads to Harts Yard.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property comprises a ground floor retail unit with residential accommodation at first floor and second floors and to the rear. The property includes the alleyway to the side of the commercial unit which leads to Harts Yard.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Unit Floor Use Floor Areas (Approx) Tenant Term Rent p.a.x Review/(Reversion)
116 Ground Retail
90.35 sq m
(972 sq ft)
JOHNSON
CLEANERS UK
LIMITED (1)
10 years from
05/04/2016 on a
full repairing and
insuring lease (2)
£50,000 05/04/2021
(04/04/2026)
116a First Residential
2 Bedroom Flat
- 250 years from
completion
£100 2066 and every
50 years (3)
(2266)
116b Second Residential
2 Bedroom Flat
- 250 years from
completion
£100 2066 and every
50 years (3)
(2266)
116c Ground &
First
Residential
2 Bedroom Maisonette
- 250 years from
completion
£100 2066 and every
50 years (3)
(2266)
Total Commercial Floor Area    
90.35 sq m
(972 sq ft)
    £50,300

(1) Johnsons Dry Cleaners are the UKs leading provider of dry cleaning services for clothing and other items with a network of conveniently located stores nationwide. Johnsons Dry Cleaners are part of Johnson Service Group which has been in business for over 200 years. (Source: www.johnsoncleaners.com 31/05/2016)
(2) The lease provides an option to determine on 04/04/2021.
(3) The lease provides for the rental income to double at each review

Property Documents

  • Catalogue Page
    Updated Date
    15.06.16
    File Size
    581 KB
    View PDF
  • Site Plan
    Updated Date
    15.06.16
    File Size
    436 KB
    View PDF
  • Common Auction conditions
    Updated Date
    10.06.21
    File Size
    168 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Seller's Solicitors
Bond Dickinson LLP St Ann's Wharf, 112 Quayside
Newcastle Upon Tyne
NE1 3DX
Lisa Marie Hill 0345 415 0000lisamarie.hill@bonddickinson.com

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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