87 Lynchford Road
Farnborough
Hampshire
GU14 6ET

Freehold Retail Investment

  • Let to Boots UK Limited until 2023 (subject to option)
  • Fixed 1.5% annual rental increases
  • Affluent Hampshire town
  • Residential development potential (subject to consents)
  • Lot
    26
  • Auction
    24/May/2018
  • Rent
    £27,304 per Annum Exclusive
  • Status
    Available
  • Price*
    £475,000
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On Behalf of Trustees
  • 87 Lynchford Road<br>Farnborough<br>Hampshire<br>GU14 6ET
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  • Map

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 the busy commuter suburb of North Camp. Lynchford Road is a busy commercial pitch within a short distance from North Camp Railway Station and North Camp interchange on the A331 Blackwater Valley Relief Road. Nearby occupiers include William Hill and Debra Charity Shop.

Tenure

Freehold.

Description

The property comprises a ground floor retail unit with first and second floor ancillary accommodation. The tenant also occupies the adjoining property (to the rear fronting Camp Road), which does not form part of the sale. The tenant has created internal access between the two properties.

VAT

VAT is applicable to this lot.

Completion Period

Six week completion

Tenancy & Accomodation

FloorUseFloor Areas (Approx)TenantTermRent p.a.xReviews/
(Reversion)
Ground
First
Second
Retail
Ancillary
Ancillary
222.87 sq m
131.64 sq m
80.9 sq m
(2,399 sq ft)
(1,417 sq ft)
(871 sq ft)
BOOTS UK
LIMITED (1)
10 years from
29/03/2013 (2)
on a full repairing
and insuring lease
£27,304.51Fixed Annual
Increases (3)
(31/03/2023)
Total
435.41 sq m
(4,687 sq ft)
  £27,304.51 

(1) For the year ending 31st August 2016, Boots UK Limited reported a turnover of £6,876,000,000, pre-tax profits of £523,000,000 and a total net worth of £1,204,000,000 (Source: Experian Group 17/01/2018). Boots is the UK’s leading pharmacy-led health and beauty retailer with around 2,500 stores in the UK, ranging from local community pharmacies to large destination health and beauty stores. Boots UK is part of the Retail Pharmacy International Division of Walgreens Boots Alliance, Inc, the first global pharmacy-led health and wellbeing enterprise (Source: www.boots-uk.com 17/01/2018).
(2) The lease provides a tenant only option to determine on 31/03/2020.
(3) The lease provides for annual fixed rental increases of 1.5%.

Property Documents

  • Solicitors Legal Pack
    Updated Date
    24.05.18
    File Size
    18 MB
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  • Site Plan
    Updated Date
    02.05.18
    File Size
    2 MB
    View PDF
  • Catalogue Page
    Updated Date
    02.05.18
    File Size
    654 KB
    View PDF
  • Common Auction conditions
    Updated Date
    27.03.17
    File Size
    124 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
Gwen ThomasGwen Thomas +44 (0)20 7034 4857 +44 (0)7809 363549gwen.thomas@acuitus.co.uk
Georgina RobertsGeorgina Roberts +44 (0)20 7034 4863georgina.roberts@acuitus.co.uk
Seller's Solicitors
Gowling WLG Two Snowhill
Birmingham
B4 6WR
Nisha Minhas 0121 393 0648Nisha.Minhas@gowlingwlg.com

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