Old School Studios 40 Lynchford Road Farnborough Hampshire GU14 6EF

Old School Studios
40 Lynchford Road
Farnborough
Hampshire
GU14 6EF

Freehold Office Investment

  • Highly prominent office building
  • Multi–tenanted with Active Management Potential
  • Residential redevelopment potential (subject to consents)
  • Approximately 544 sq m (5,850 sq ft)
  • Approximate site area of 0.45 hectares (1.11 acres) providing a low site coverage of 10%
  • Six Week Completion
  • Lot
    25
  • Auction
    13th February 2014
  • Rent
    £70,830 per Annum Exclusive
  • Status
    Sold
  • Price
    £700,000
  • Sector
    Office
  • Auction Venue
    The Millennium Hotel
    44 Grosvenor Square
    London W1K 2HP
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* More information on the term "guide" can be found here

Freehold Office Investment

  • Highly prominent office building
  • Multi–tenanted with Active Management Potential
  • Residential redevelopment potential (subject to consents)
  • Approximately 544 sq m (5,850 sq ft)
  • Approximate site area of 0.45 hectares (1.11 acres) providing a low site coverage of 10%
  • Six Week Completion
  • Lot 25
  • Auction 13th February 2014
  • Rent
  • Status Sold
  • Price £700,000
  • Sector
    Office
  • Auction Venue
    The Millennium Hotel
    44 Grosvenor Square
    London W1K 2HP

Property Information

Location
Miles
35 miles south-west of Central London, 10 miles south-east of Guildford, 18 miles south-east of Reading
Roads
A331, M3 (Junction 4 & 4a), M25 (Junction 11), A31
Rail
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
Roads
A331, M3 (Junction 4 & 4a), M25 (Junction 11), A31
Rail
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.

Property Documents

  • Catalogue Page
    Updated Date
    22.01.14
    File Size
    2 MB
    View PDF
  • Site Plan
    Updated Date
    22.01.14
    File Size
    74 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
John MehtabJohn Mehtab +44 (0)20 7034 4855 +44 (0)7899 060 519john.mehtab@acuitus.co.uk
Seller's Solicitors
Memery Crystal LLP 44 Southampton Buildings
London
WC2A 1AP
Nicola Kravitz 020 7400 5832nkravitz@memerycrystal.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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