Farnborough Railway Station (34 mins direct to London Waterloo)
Air
London Gatwick Airport, London Heathrow Airport
Situation
The property is located in the popular commuter town of Farnborough, just south of the town centre. Alexandra Road is adjacent to Lynchford Road, a busy commercial area within a short distance from North Camp Railway Station as well as 1.5 miles to Farnborough Railway station with direct trains to London Waterloo in 34 minutes. The location benefits from excellent road connections being less than 3 miles south of the M3 (Junction 4).
Tenure
Freehold.
Location
Miles
35 miles south-west of Central London, 10 miles south-east of Guildford, 18 miles south-east of Reading
Farnborough Railway Station (34 mins direct to London Waterloo)
Air
London Gatwick Airport, London Heathrow Airport
Situation
The property is located in the popular commuter town of Farnborough, just south of the town centre. Alexandra Road is adjacent to Lynchford Road, a busy commercial area within a short distance from North Camp Railway Station as well as 1.5 miles to Farnborough Railway station with direct trains to London Waterloo in 34 minutes. The location benefits from excellent road connections being less than 3 miles south of the M3 (Junction 4).
Tenure
Freehold.
Description
Old Bank Chambers comprises a substantial two storey office building with a shared driveway to the side of the property leading to a large car park at the rear with approximately 15 spaces. The property provides a total area of 3,564 sq ft and contains three office suites and a dance studio. There are two suites on the ground floor, together with the dance studio, which benefits from its own entrance from the rear of the property. Internally, there are two separate staircases leading to the first floor, one at the front and one at the rear. The total site area extends to some 0.09 Ha (0.23 acres) offering potential for redevelopment subject to consents.
VAT
VAT is applicable to this lot.
Note
The adjacent building (7 Alexandra Road) is being offered for sale separately at Lot 14.
EPC
The EPC's will be available to view online in the solicitor’s legal pack.
Description
Old Bank Chambers comprises a substantial two storey office building with a shared driveway to the side of the property leading to a large car park at the rear with approximately 15 spaces. The property provides a total area of 3,564 sq ft and contains three office suites and a dance studio. There are two suites on the ground floor, together with the dance studio, which benefits from its own entrance from the rear of the property. Internally, there are two separate staircases leading to the first floor, one at the front and one at the rear. The total site area extends to some 0.09 Ha (0.23 acres) offering potential for redevelopment subject to consents.
VAT
VAT is applicable to this lot.
Note
The adjacent building (7 Alexandra Road) is being offered for sale separately at Lot 14.
EPC
The EPC's will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Unit
Floor
Use
Floor Areas Approx sq m
Floor Areas Approx sq ft
Tenant
Term
Rent p.a.x.
Suite 1
Ground
Office
42.83
(461)
INDIVIDUAL
Approx. 3 years from 19/09/2024 until 30/09/2027 (4)
£8,500
Suite 5 (formally known as Suite 2)
Ground/First
Office
63.82
(687)
INDIVIDUAL (t/a Gilmar Financial) (1)
3 years from 08/05/2024 (4)
£11,437
Suite 3
Ground
Dance Studio
153.75
(1,655)
INDIVIDUAL (t/a Renton Dance Studios) (2)
3 years from 19/09/2024 (4)
£29,850
Suite 4
First
Office
70.69
(761)
INDRISEC LTD (3)
3 years from 01/03/2024 (4)
£14,000
Total
331.10
(3,564)
£63,787
(1) Gilmar have been providing a comprehensive range of financial services to a broad range of clients, on both a personal and corporate basis, for over 25 years (www.gilmarfinancial.co.uk). (2) Renton Dance Studio has been established for over 35 years and offer grade classes in RAD Ballet and ISTD Tap and Modern as well as a wide range of classes in other disciplines such as Contemporary Dance, Jazz, Commercial, Acro and Musical Theatre (www.rentondance.co.uk). (3) Indrisec Security Services offer a wide range of security services, specialising in risk management (www.indrisec.co.uk). (4) The lease is outside of the security of tenure provisions of the Landlord and Tenant Act 1954.
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.
