138 Farnborough Road Farnham Surrey GU9 9BD

138 Farnborough Road
Farnham
Surrey
GU9 9BD

  • 138 Farnborough Road<br>Farnham<br>Surrey<br>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
    13/Dec/2021
  • Rent
    £40,000 per Annum Exclusive
  • Status
    Available
  • Price*
    Contact Us
  • Sector
    High Street Retail
  • Auction Venue
    Live Streamed Auction
  • 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 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

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.

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

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

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 £1,250+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

  • Solicitors Legal Pack
    Updated Date
    29.11.21
    File Size
    13 MB
    Login to View
  • Site Plan
    Updated Date
    23.11.21
    File Size
    755 KB
    View PDF
  • Catalogue Page
    Updated Date
    23.11.21
    File Size
    797 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
Associate Auctioneers
Koopmans 34a Watling Street
Radlett
Herts
WD7 7NN
Eli Younger 01923 853 749eliy@Koopmans.co.uk
Seller's Solicitors
Freemans Solicitors 22 Upper Woburn Place
London
WC1H 0HW
Howard Freeman 020 7935 3522hf@freemanssolicitors.net

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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