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Withdrawn Post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
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Squafre
London W1H 7BG

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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Status Withdrawn Post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

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

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

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