17 / 17a and 18 Clayton Court Downing Street Farnham Surrey GU9 7PB

17 / 17a and 18 Clayton Court
Downing Street
Farnham
Surrey
GU9 7PB

Freehold Retail and Office Centre Investment

  • Attractive Retail and Office Courtyard
  • Let to five tenants
  • Close to The Borough, West Street and Lion & Lamb Yard
  • Affluent and Historic Surrey Commuter Town
  • Rent £86,000 per annum exclusive rising to £90,000 per annum in December 2016
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot
    46
  • Auction
    19th May 2016
  • Rent
    £86,000 per Month
  • Status
    Sold
  • Price
    £1,040,000
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
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  • Photos
  • Map

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

Freehold Retail and Office Centre Investment

  • Attractive Retail and Office Courtyard
  • Let to five tenants
  • Close to The Borough, West Street and Lion & Lamb Yard
  • Affluent and Historic Surrey Commuter Town
  • Rent £86,000 per annum exclusive rising to £90,000 per annum in December 2016
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot 46
  • Auction 19th May 2016
  • Rent
  • Status Sold
  • Price £1,040,000
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    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 Railway Station
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 western side of Downing Street, close to its junction with Upper Church Lane and a short walk from The Borough, West Street, and Lion & Lamb Yard. Nearby retailers include Fat Face and Crew Clothing with Jojo Maman Bébé, White Stuff, Moss Bros, Prezzo, Maison Blanc and Boots the Chemist among other retailers also represented within the town.

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 Railway Station
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 western side of Downing Street, close to its junction with Upper Church Lane and a short walk from The Borough, West Street, and Lion & Lamb Yard. Nearby retailers include Fat Face and Crew Clothing with Jojo Maman Bébé, White Stuff, Moss Bros, Prezzo, Maison Blanc and Boots the Chemist among other retailers also represented within the town.

Tenure

Freehold.

Description

The property comprises a popular courtyard development with a mix of retail and office units. The retail units front onto Downing Street and the offices (known as Merton House and The Old Bakehouse) are at the rear arranged within the small courtyard.

Six Week Completion

VAT

VAT is applicable to this lot.

EPC

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

Description

The property comprises a popular courtyard development with a mix of retail and office units. The retail units front onto Downing Street and the offices (known as Merton House and The Old Bakehouse) are at the rear arranged within the small courtyard.

Six Week Completion

VAT

VAT is applicable to this lot.

EPC

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

Tenancy & Accommodation

Unit No. Floor Use Floor Areas (Approx) Tenant Term Rent p.a.x Review/(Reversion)
17 Ground Retail/Ancillary
54.10 sq m
(582 sq ft)
ZAPITA LIMITED(1)
(t/a Zapita Shoes)
10 years from
01/03/2011
£20,000 (28/02/2021)
17A Ground
First
Retail
Retail/Ancillary
49.80 sq m
102.50 sq m
(536 sq ft)
(1,103 sq ft)
S.R. & A.J. DYCHE
(t/a The Frame
Centre)(2)
21 years from
25/03/1997
£32,000 (24/03/2018)
18 Ground
First/Second
Retail/ Ancillary
Ancillary
42.10 sq m
45.10 sq m
(453 sq ft)
(485 sq ft)
C. ALDERS, S. V.
PRONI &E. A.
PRONI (t/a The
Downing Street
Deli)(3)
10 years from
09/11/2015(4)
£19,000 09/11/2020
(08/11/2025)
Merton
House
Ground &
First
Offices/Ancillary
76.40 sq m
(822 sq ft)
AVELEY
CONVEYANCING
LIMITED
3 years from
24/12/2016(5)
£7,500 rising to
£11,500 on
24/12/2016
(23/12/2019)
The Old
Bakehouse
Ground &
First
Offices/Ancillary
43.60 sq m
(469 sq ft)
C. J. POWELL
(t/a Powell
Messenger & Co.)
5 years from
24/06/2014(6)
£7,500 (23/06/2019)
Totals    
413.42 sq m
(4,450 sq ft)
    £86,000 rising to
£90,000 in December 2016

(1) A rent deposit of £5,000 is held by the vendor.
(2) The Frame Centre currently trade from 4 other locations in Fleet, Guildford, Petersfield and Camberley (Source: www.theframecentre.co.uk 04/04/2016).
(3) A rent deposit of £5,700 is held by the vendor.
(4) The lease provides for a tenant option to determine on 9th November 2017. The lease is subject to a schedule of condition.
(5) A reversionary lease has just been completed for a term of 3 years from 24/12/2016 at a new rent of £11,500 per annum. The lease is contracted outside of the Security of Tenure Provisions of the Landlord & Tenant Act 1954.
(6) The lease is subject to tenant break options on 23rd June 2017 and 23rd June 2018, subject to 6 months notice. The tenant break option on 23rd June 2016 was not exercised.

Property Documents

  • Catalogue Page
    Updated Date
    30.10.19
    File Size
    1,004 KB
    View PDF
  • Site Plan
    Updated Date
    30.10.19
    File Size
    64 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

Acuitus
David MargolisDavid Margolis +44 (0)20 7034 4862 +44 (0)7930 484 440david.margolis@acuitus.co.uk
Seller's Solicitors
Streathers Solicitors LLP 1 Heath Street, Hampstead
London
NW3 6TP
Philip Deja 0207 431 8889pdeja@streathers.co.uk

Useful Links

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

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