Farnborough (Main) Railway Station (34 mins direct to London Waterloo), North Camp Railway Station
Air
London Heathrow Airport, London Gatwick Airport
Situation
The property is located south of Farnborough town centre in a highly prominent position at the junction of Lynchford Road (A3011) and Alexandra Road (B3403) and in close proximity to the A331 leading north to Junction 4a of the M3. The locality is an established office district. Nearby occupiers include NatWest, Lloyds Bank, Boots, William Hill and Hein Gericke.
Tenure
Freehold.
Location
Miles
35 miles south-west of Central London, 10 miles south-east of Guildford, 18 miles south-east of Reading
Farnborough (Main) Railway Station (34 mins direct to London Waterloo), North Camp Railway Station
Air
London Heathrow Airport, London Gatwick Airport
Situation
The property is located south of Farnborough town centre in a highly prominent position at the junction of Lynchford Road (A3011) and Alexandra Road (B3403) and in close proximity to the A331 leading north to Junction 4a of the M3. The locality is an established office district. Nearby occupiers include NatWest, Lloyds Bank, Boots, William Hill and Hein Gericke.
Tenure
Freehold.
Description
The property, an attractive period building, comprises a converted office building on the ground and first floors. The building is configured as 11 office suites with common facilities including a kitchen on the ground floor. The property benefits from car parking for approximately 30 cars and a landscaped garden area with an approximate site area of 0.45 hectares (1.11 acres) providing a low site coverage of 10%. The property benefits from a recent refurbishment programme.
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, an attractive period building, comprises a converted office building on the ground and first floors. The building is configured as 11 office suites with common facilities including a kitchen on the ground floor. The property benefits from car parking for approximately 30 cars and a landscaped garden area with an approximate site area of 0.45 hectares (1.11 acres) providing a low site coverage of 10%. The property benefits from a recent refurbishment programme.
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Suite No.
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Reversion
1
Ground
Office
117.35 sq m
(1,263 sq ft)
ACORN HOMECARE UK LTD
3 years from 25/03/2013
£17,000 (1)
24/03/2016
2
Ground
Office
52.92 sq m
(569 sq ft)
VACANT POSSESSION
3
Ground
Office
87.73 sq m
(944 sq ft)
DCSL SOFTWARE LTD (3)
2 years 10 months from 03/02/2014
£14,250
24/12/2016
4 & 5
Ground
Office
83.94 sq m
(904 sq ft)
CLAIRE BAILEY & REBECCA WALTON
3 years from 01/07/2012 (2)
£7,830
30/06/2015
7
First
Office
34.24 sq m
(368 sq ft)
MR JOHN BENNETT & MRS YVONNE BENNETT (4)
1 year 11 months from 03/02/2014 (5)
£3,750 (5)
17/01/2016
6/9C
First
Office
113.58 sq m
(1,223 sq ft)
CONCEPT DESIGN SOLUTIONS LTD
3 years from 14/02/2012
£20,000
24/03/2015
8 & 9A
First
Office
37.63 sq m
(405 sq ft)
MR JOHN H PARK (THE WOOD CONSULTANCY)
3 years from 25/03/2013
£8,000
24/03/2016
9B
First
Office
16.24 sq m
(174 sq ft)
VACANT POSSESSION
Totals
543.63 sq m
(5,850 sq ft)
£70,830
(1) As to Suite 1, a rent free sum of £1,416.67 is deductible from the quarter payment due on 25th March 2014 and 25th March 2015. The seller will pay the buyer the deductible sums from completion of the sale. (2) The lease is subject to a tenant option to determine the lease only in the event the local authority serves Enforcement Notice preventing use as a physiotherapy clinic. (3) As to Suite 3, a car parking licence to park in 4 parking spaces has been granted. (4) As to Suite 7, a car parking licence dated 9th January 2013 permits the tenants to park in 2 parking spaces expiring on 31st January 2016. (5) As to Suite 7, there is a fixed increase in rent payable to £4,500 p.a. from 18th January 2015.
