Freehold Retail Investment with Development Potential
Let to Home Decor GB Limited until 2026
Detached two storey showroom/office with separate workshop building
Prior Approval Granted for Residential Conversion
Further Residential development potential of Car Park (Subject to Consents)
Site Area of Approx. 0.17 Acres
Affluent Surrey Location
Lot 22
Auction 9th May 2024
Rent £45,000 per Annum Exclusive
Status Available
Guide* £595,000+
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 western side of Farnborough Road (A325); 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 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.
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 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.
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 sq m
Floor Areas Approx sq ft
Tenant
Term
Rent p.a.x.
Ground First Ground
Showroom Office Workshop
92.40 84.50 55.00
(944) (909) (592)
HOME DECOR GB LIMITED (crn05268170) t/a Spaceslide (1)
10 years from 16/05/2016 (2)
£45,000
Total Approximate Floor Area
231.90
(2,496) (3)
£45,000
(1) Home Decor is one of Europe’s leading suppliers of contemporary bedroom furniture, supplying products into DIY, construction, new-build and online markets(www.hdhc.com). For the year ending 31/12/2022 Home Decor GB Ltd reported a Turnover of £26,458,459, a Pre-Tax Profit of negative £2,559,934 and a Net Worth of negative £3,710,323 (NorthRow 18/04/2024). (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.
