123 Farnborough Road
Farnham
Surrey
GU9 9AW

Freehold Retail Investment with Development Potential

  • Let to Optiplan Kichens Limited until 2026
  • (NO BREAKS)
  • Affluent Surrey location
  • May 2021 Tenant option to determine NOT exercised
  • No rent arrears
  • Approximate site area of 0.20 acres
  • Prior Approval Granted for Residential Conversion of uppers.
  • Further Residential development potential of Car Park (Subject to Consents)
  • Lot
    10
  • Auction
    24/Sep/2021
  • Rent
    £45,000 per Annum Exclusive
  • Status
    Sold
  • Price*
    £645,000
  • Sector
    High Street Retail
  • Auction Venue
    Live Streamed Auction
  • 123 Farnborough Road, Farnham, Surrey, GU9 9AW
  • Expand
  • Photos
  • Map

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

Property Information

Location
Miles
34 miles south west of Central London
9 miles west of Guildford
Roads
A31, A3, M3
Rail
Farnham Train Station, Aldershot Train Station
Air
London Heathrow Airport, London Gatwick Airport
Situation

The property is located in the affluent and historic market town of Farnham, approximately 34 miles south west of Central London. Farnham is popular with commuters as well as a shopping destination with good transport links to London and the south east. The property is situated on the western side of Farnborough Road (A325); a predominantly residential location.

Tenure

Freehold.

Description

The property comprises a ground floor showroom with office and ancillary accommodation on the first floor. There is also a single storey storage and workshop building to the rear with substantial on-site parking on a site area of approximately 0.17 acres.

The property benefits from prior approval for change of use of the first floor to two residential units and may benefit from further longer term residential development on the car park.

VAT

VAT is not applicable to this lot.

Planning

Prior Approval for the conversion of retail (Class A1) to 2 dwelling houses (Class C3) and for building operations reasonably necessary for the conversion has been granted by Waverley Borough Council on 17th May 2021 under planning reference PRA/2021/0009.

Completion Period

Six week completion

EPC

Band D.

Tenancy & Accommodation

FloorUseFloor Areas
(Approx)
TenantTermRent p.a.xReview/
(Reversion)
Ground
First
Ground
Showroom/Office
Office/Ancillary
Workshop/Storage
92.40 sq m
84.50 sq m
55.00 sq m
(994 sq ft)
(909 sq ft)
(592 sq ft)
OPTIPLAN
KITCHENS
LIMITED (1)
10 years from
16/05/2016 (2)
£45,000(15/05/2026)
Total
231.90 sq m
(2,496 sq ft)
  £45,000 

(1) Optiplan Kitchens Limited(CRN05303766) were incorporate in 2006 and operate from 13 showroom nationwide. (www.optiplankitchens.co.uk) Optiplan Kitchens Limited are wholly owned by Home Decor GB Limited. For the year ending 31/12/2019 Home Decor GB limited reported a turnover of £26,144,724, pre-tax profits of £1,419,161 and shareholders funds of £11,016,498 (Source: NorthRow 24/08/2021). The tenant has not exercised the May 2021 option to determine the lease.
(2) The lease is outside of the security of tenure provisions of the Landlord and Tenant Act 1954.
(3) The floor areas stated above are Gross Internal Areas.

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
    03.09.21
    File Size
    903 KB
    View PDF
  • Site Plan
    Updated Date
    03.09.21
    File Size
    689 KB
    View PDF
  • Common Auction conditions
    Updated Date
    10.06.21
    File Size
    168 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
John MehtabJohn Mehtab +44 (0)20 7034 4855 +44 (0)7899 060519john.mehtab@acuitus.co.uk
Alexander AuteracAlexander Auterac +44 (0)20 7034 4859 +44 (0)7713 135 034alexander.auterac@acuitus.co.uk
Seller's Solicitors
Freemans Solicitors 22 Upper Woburn Place
London
WC1H 0HW
Howard Freeman 020 7935 3522hf@freemanssolicitors.net

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