18-19 The Borough Farnham Surrey GU9 7NF

18-19 The Borough
Farnham
Surrey
GU9 7NF

Freehold Retail and Residential Investment in Affluent Commuter Town

Shop let to Clinton Cards (Essex) Limited
Prominent position on prime retail thoroughfare within Farnham town centre
Some 250 metres from the Lion and Lamb Shopping Centre
Nearby occupiers include Barclays Bank, W H Smith, Toni & Guy, Subway and Santander
Six Week Completion Period Available

Lot
30
Auction
8th December 2011
Rent
£65,800 per Annum Exclusive
Status
Withdrawn Post
Price
Auction Venue
Millennium Hotel
44 Grosvenor Square
London W1K 2HP

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Freehold Retail and Residential Investment in Affluent Commuter Town

Shop let to Clinton Cards (Essex) Limited
Prominent position on prime retail thoroughfare within Farnham town centre
Some 250 metres from the Lion and Lamb Shopping Centre
Nearby occupiers include Barclays Bank, W H Smith, Toni & Guy, Subway and Santander
Six Week Completion Period Available

Lot 30
Auction 8th December 2011
Rent £65,800 per Annum Exclusive
Status Withdrawn Post
Price
Sector
High Street Retail
Auction Venue
Millennium Hotel
44 Grosvenor Square
London W1K 2HP

Property Information

Location

Miles: 7 miles south of Farnborough, 10 miles west of Guildford, 40 miles south west of Central London
Roads: A325, A287, A31, A3, M3
Rail: Farnham Railway Station (50 minutes to London Waterloo)
Air: Heathrow Airport, Gatwick Airport

Situation

The property is situated in a prominent location on the southern side of The Borough, one of Farnham's principal retail thoroughfares, near its junction with Bear Lane and South Street. The Lion and Lamb Shopping Centre lies approximately 250 metres from the property and houses retailers such as Starbucks, Jaegar, Laura Ashley, Jones Shoes and Waterstones. Other nearby occupiers include Barclays Bank, W H Smith, Toni & Guy, Subway and Santander.

Tenure

Freehold.

Location

Miles: 7 miles south of Farnborough, 10 miles west of Guildford, 40 miles south west of Central London
Roads: A325, A287, A31, A3, M3
Rail: Farnham Railway Station (50 minutes to London Waterloo)
Air: Heathrow Airport, Gatwick Airport

Situation

Tenure

Freehold.

Description

The property comprises a ground floor retail unit with four self-contained flats on first and second floors, accessed from the rear.

VAT

VAT is applicable to this lot.

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 four self-contained flats on first and second floors, accessed from the rear.

VAT

VAT is applicable to this lot.

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	(Reversion)
Ground Ground	Retail Ancillary/Office	140.51 sq m 21.28 sq m	(1,512 sq ft) (229 sq ft)	CLINTON CARDS (ESSEX) LIMITED (1)	10 years from 16/06/2005 until 15/06/2015 on a full repairing and insuring lease	£65,000	(16/06/2015)
First and Second	Four Residential Flats	Not Measured	Not Measured	INDIVIDUALS	Four separate leases let on terms of 999 years from 01/11/2002 (3)	£800 (2)	`
Totals		161.79 sq m	(1,741 sq ft)			£65,800

(1) For the year ending 1st August 2010, Clinton Cards (Essex) Limited reported a turnover of £336,922,000, pre-tax profits of £12,239,000 and a total net worth of £19,610,000. (Source: www.riskdisk.com 21/10/2011)
(2) Each flat has a rental income of £200 p.a.x.
(3) In accordance with s.5B of the Landlord & Tenant Act 1987, notices were served on the residential lessees.