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
    11/Dec/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
Important Auction & Property Update
  • 46 Frensham Road<br>Lower Bourne<br>Farnham<br>GU10 3PX
  • Expand
  • Photos
  • Map

* More information on the term "price" can be found here

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.

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

Tenancy & Accommodation

FloorUseFloor Areas (Approx)TenantTermRent p.a.xReviews/
(Reversion)
GroundRetail
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)
£29,3005 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 £1,000 inclusive of VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.

Due to the current restrictions in movement throughout the UK, the property may not have been inspected by Acuitus. Some photographs may not be current and these will be dated where this is the case. Plans showing nearby occupiers and mention of nearby occupiers may reflect a dated situation as some tenants are not currently in occupation. Floor areas and accommodation details are likely to have been obtained from VOA.Gov.UK and the Vendor.

Property Documents

  • Catalogue Page
    Updated Date
    20.11.19
    File Size
    949 KB
    View PDF
  • Site Plan
    Updated Date
    20.11.19
    File Size
    1 MB
    View PDF
  • Common Auction conditions
    Updated Date
    01.07.20
    File Size
    277 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF
  • Money Laundering Regs
    Updated Date
    20.05.20
    File Size
    694 KB
    View PDF
  • Customer Due Dilligence Form
    Updated Date
    20.05.20
    File Size
    585 KB
    View PDF

Contacts

Acuitus
Billy StruthBilly Struth +44 (0)20 7034 4854billy.struth@acuitus.co.uk
Associate Auctioneers
Rapleys LLP 33 Jermyn Street
London
SW1Y 6DN
020 7439 7678
Jonny Doulton (020) 7255 8099jonny.doulton@rapleys.com
Seller's Solicitors
Hugh James Solicitors Hodge House, 114 - 116 St. Mary Street
Cardiff
CF10 1DY
James Guile 02922 675 400james.guile@hughjames.com

Useful Links

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