Residential conversion potential on upper parts (subject to leases and consents)
Close to The Borough, West Street and Lion & Lamb Yard
Affluent and Historic Surrey Commuter Town
For the Seller's Legal Pack, please click the Property Documents tab below
Lot 58
Auction 13th October 2016
Rent £50,500 per Annum Exclusive
Status Sold
Price £675,000
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 Railway Station
Air
Heathrow Airport, Gatwick Airport
Situation
Farnham is an affluent Surrey commuter town to the west of Guildford. The property is situated on the northern side of Upper Church Lane, close to its junction with Downing Street and a short walk from The Borough, West Street, and Lion & Lamb Yard in the heart of Farnham town centre.
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 situated on the northern side of Upper Church Lane, close to its junction with Downing Street and a short walk from The Borough, West Street, and Lion & Lamb Yard in the heart of Farnham town centre.
Tenure
Freehold.
Description
The property comprises two shops on the ground floor with separately accessed office accommodation on the first and second floors.
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 two shops on the ground floor with separately accessed office accommodation on the first and second floors.
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
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Reversion
Ground
Retail
63.07 sq m
(679 sq ft)
O. NOBBS t/a Head Case Barbers (1)
10 years from 25/07/2008
£14,000
24/07/2018
Ground
Retail
42.60 sq m
(459 sq ft)
A. FILTNESS t/a Ordri (2)
5 years from 16/11/2015 (3)
£12,500
15/11/2018
First
Office
95.00 sq m
(1,023 sq ft)
G.D.C MEYJES t/a Clifford Cowling Solicitors
5 year s from 12/04/2012 (4)
£12,000
11/04/2017
Second/Attic
Office
54.81 sq m
(590 sq ft)
PLAN 4 WEALTH LIMITED
Approximately 4 years 6 months from 09/05/2016 (5)
£12,000
15/11/2020
Totals
255.48 sq m
(2,751 sq ft)
£50,500
(1) A Rent Deposit of £3,500 is held. Head Case Barbers are a multi- ational barbershop with 30 stores located in South Africa, Holland and throughout the UK. (2) The tenant has been trading in Farnham for about 13 years. (3) The lease is subject to a tenant option to break on 23rd June 2018. The lease is contracted outside of the Security of Tenure Provisions of the Landlord & Tenant Act 1954. (4) The lease was subject to annual tenant break options from 2014, none of which were exercised. The tenant has been trading in this property since at least 2003. (5) The lease is subject to a mutual option to break on 23rd June 2018. The lease is contracted outside the Security of Tenure Provisions of the Landlord & Tenant Act 1954.
