46 Frensham Road Lower Bourne Farnham GU10 3PX

46 Frensham Road
Lower Bourne
Farnham
GU10 3PX

Freehold Pharmacy and Residential Investment

Entirely let to AMG Healthcare Limited guaranteed by Ashchem Limited on a 15 year lease from completion (no breaks)
5 yearly compounded RPI-indexed Rent Reviews (capped at 3% and collared at 1%)
Includes a self-contained 3 bedroom garden flat
Located in affluent Surrey town

Lot
2
Auction
11th December 2019
Rent
£29,300 per Annum Exclusive
Status
Sold
Price
£535,000
Sector
High Street Retail
Auction Venue
The Montcalm Hotel
2 Wallenberg Place
London W1H 7TN

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Freehold Pharmacy and Residential Investment

Entirely let to AMG Healthcare Limited guaranteed by Ashchem Limited on a 15 year lease from completion (no breaks)
5 yearly compounded RPI-indexed Rent Reviews (capped at 3% and collared at 1%)
Includes a self-contained 3 bedroom garden flat
Located in affluent Surrey town

Lot 2
Auction 11th December 2019
Rent £29,300 per Annum Exclusive
Status Sold
Price £535,000
Sector
High Street Retail
Auction Venue
The Montcalm Hotel
2 Wallenberg Place
London W1H 7TN

Property Information

Location

Miles: 7 miles south of Farnborough; 9 miles west of Guildford
Roads: A287, A31, A331, 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 located 1 mile south of the town centre, in a predominantly residential area on the west side of Frensham Road, close to the junction with Burnt Hill Road.

Tenure

Freehold.

Location

Miles: 7 miles south of Farnborough; 9 miles west of Guildford
Roads: A287, A31, A331, M3
Rail: Farnham Rail
Air: Heathrow Airport, Gatwick Airport

Situation

Tenure

Freehold.

Description

The property comprises retail accommodation on the ground floor and a self-contained 3 bedroom flat on the first floor accessed via a dedicated entrance on Frensham Road. The flat benefits from a garden at the rear of the property.

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completion

EPC

Band D. See legal pack at acuitus.co.uk

Description

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completion

EPC

Band D. See legal pack at acuitus.co.uk

Tenancy & Accommodation

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Reviews/ (Reversion)
Ground	Retail Residential	124.39 sq m 93.46 sq m	(1,339 sq ft) (1,006 sq ft)	AMG HEALTHCARE LIMITED with a guarantee from Ashchem Limited (1) t/a Avicenna Pharmacy	15 years from completion of the sale on a full repairing and insuring lease (2)	£29,300	5 yearly compounded RPI-indexed Rent Reviews (capped at 3% and collared at 1%)
Totals		217.85 sq m	(2,345 sq ft)			£29,300

(1) For the year ending 31st July 2018, AMG Healthcare Limited reported a turnover of £22,769,000, pre-tax profits of £1,015,000 and total assets less current liabilities of £19,807,000 (Source: Companies House). For the year ending 31st July 2018, Ashchem Limited reported a turnover of £14,327,513, pre-tax profits of £1,215,058 and total assets less current liabilities of £8,742,704 (Source: Companies House 14/11/2019).
(2) The lease provides for tenant option to extend the lease for a further 10 years.

If you are the successful bidder, Acuitus requires a separate payment of £1,250+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.