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.
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
EPC
The EPC will be available to view online in the solicitor’s legal pack.
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
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
Reviews/ (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
£27,304.51
Fixed 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%.