Comprises approximately 383.59 sq m (4,129 sq ft) over four floors with separate rear access
Highly attractive Grade II Listed building in affluent Surrey commuter town
Nearby retailers include Gails, Oliver Bonas, FatFace, Clarks, Timpson, JoJo Maman Bebe and Boots the Chemist
Vat-free investment
Lot 3
Auction 21st July 2021
Rent £65,000 per Annum Exclusive
Status Sold
Price £910,000
Sector High Street Retail
Auction Venue Live Streamed Auction
Property Information
Location
Miles
10 miles west of Guildford
39 miles south-west of London
Roads
A31, A331, M3
Rail
Farnham
Air
London Gatwick
Situation
Farnham is a popular market and commuter town in Surrey approximately 39 miles south-west of London. The town benefits from excellent access to the M3 via the A31 & A331, together with direct train services to London Waterloo. The property is situated in a prominent position on the south side of The Borough, opposite it's junction with Castle Street. Nearby retailers include Gails, Oliver Bonas, FatFace, Clarks, Timpson, JoJo Maman Bebe and Boots the Chemist.
Tenure
Freehold.
Location
Miles
10 miles west of Guildford
39 miles south-west of London
Roads
A31, A331, M3
Rail
Farnham
Air
London Gatwick
Situation
Farnham is a popular market and commuter town in Surrey approximately 39 miles south-west of London. The town benefits from excellent access to the M3 via the A31 & A331, together with direct train services to London Waterloo. The property is situated in a prominent position on the south side of The Borough, opposite it's junction with Castle Street. Nearby retailers include Gails, Oliver Bonas, FatFace, Clarks, Timpson, JoJo Maman Bebe and Boots the Chemist.
Tenure
Freehold.
Description
The property comprises a highly attractive Grade II Listed three storey building with trading accommodation on the ground and part first floors, together with ancillary accommodation on the basement, part first and second floors. The property backs onto Central car park
which is a Council pay and display car park with a pedestrian walkway onto The Borough between 39 and 40
The Borough. The property also benefits from rear access.
VAT
VAT is not applicable to this lot.
Completion Period
Six Week Completion
EPC
B. See legal pack at www.acuitus.co.uk.
Description
The property comprises a highly attractive Grade II Listed three storey building with trading accommodation on the ground and part first floors, together with ancillary accommodation on the basement, part first and second floors. The property backs onto Central car park
which is a Council pay and display car park with a pedestrian walkway onto The Borough between 39 and 40
The Borough. The property also benefits from rear access.
5 years from 29/09/2020 (2) on a full repairing and insuring lease
£65,000
Total
383.59 sq m
(4,129 sq ft)
£65,000
(1) For the year ending 02/05/2020, White Stuff Limited reported a turnover of £129,279,000, pre-tax profits of £-16,606,000 and shareholder's funds of £21,684,000 (source: NorthRow 22/06/2021). (2) The lease is subject to a mutual break on 28/09/2022 and annually thereafter on 6 months notice.
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.
