138 Farnborough Road Farnham Surrey GU9 9BD

138 Farnborough Road
Farnham
Surrey
GU9 9BD

Freehold Retail Investment with Prior Approval for 3 Residential Units

Entirely Let to Optiplan Kitchens Limited until 2026 (NO BREAKS)
May 2021 Tenant Break Option Not Exercised.
Includes rear Car Parking,
Affluent Surrey Location
Prior Approval for Residential Conversion to 3 Residential Units
Occupational Lease Outside the Security of Tenure Provisions of the Landlord and Tenant Act 1954

Lot
42
Auction
13th December 2021
Rent
£40,000 per Annum Exclusive
Status
Withdrawn Prior
Price
Auction Venue
Live Streamed Auction

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Freehold Retail Investment with Prior Approval for 3 Residential Units

Entirely Let to Optiplan Kitchens Limited until 2026 (NO BREAKS)
May 2021 Tenant Break Option Not Exercised.
Includes rear Car Parking,
Affluent Surrey Location
Prior Approval for Residential Conversion to 3 Residential Units
Occupational Lease Outside the Security of Tenure Provisions of the Landlord and Tenant Act 1954

Lot 42
Auction 13th December 2021
Rent £40,000 per Annum Exclusive
Status Withdrawn Prior
Price
Sector
High Street Retail
Auction Venue
Live Streamed Auction

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 eastern side of Farnborough Road (A325), at the junction with Wellington Lane; a predominantly residential location.

Tenure

Freehold.

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

Tenure

Freehold.

Description

The property is a two-storey detached former Public House building comprising a modern retail kitchen showroom on the ground floor and office and showroom accommodation on the first floor. The property benefits from a building to the rear used as extensive storage and from car parking at the rear.

The property also benefits from Prior Approval for the change of use of the ground floor rear and first floor from retail (use class a1) to 3 dwelling houses (use class c3).

VAT

VAT is not applicable to this lot.

Planning

Prior Approval for change of use of the ground floor rear and first floor from retail (use class a1) to 3 dwelling houses (use class c3) and for building operations reasonably necessary for the conversion conversion has been granted by Waverly Borough Council on 5th November 2021 under planning reference PRA/2021/01570. The property may be suitable for residential conversion into the large roof viod, subject to obtaining the necessary consents.

Completion Period

Six week completion

EPC

See legal Pack

Description

VAT

VAT is not applicable to this lot.

Planning

Completion Period

Six week completion

EPC

See legal Pack

Tenancy & Accommodation

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Review/ (Reversion)
Ground First Ground	Retail Retail/Office Storage	79.15 sq m 63.73 sq m 61.40 sq m	(852 sq ft) (686 sq ft) (661 sq ft)	OPTIPLAN KITCHENS LIMITED (1)	10 years from 16/05/2016 (2)	£40,000	15/05/2021 (15/05/2026)
Total Approximate Floor Area		204.28 sq m	(2,199 sq ft) (3)			£40,000

(1) Optiplan Kitchens Limited(CRN05303766) were incorporated in 2006 and operate from 13 showrooms 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 £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.