Recently renewed 10 year lease to Johnson Cleaners UK Limited (subject to
option)
Affluent and Historic Surrey Commuter Town
Short Distance from Lion & Lamb Yard Shopping Centre
Other Nearby Occupiers include Costa Coffee, Argos, Holland & Barrett, Boots and Halifax Bank
For the Seller's Legal Pack, please click the Property Documents tab below
Lot 41
Auction 7th July 2016
Rent £50,300 per Annum Exclusive
Status Withdrawn Post
Price
Sector High Street Retail
Auction Venue The Radisson Blu Portman Hotel 22 Portman Squafre London W1H 7BG
Property Information
Location
Miles
7 miles south of Farnborough, 9 miles west of Guildford, 40 miles south-west of Central London
Roads
A3, A31, A287, A325, M3
Rail
Farnham Rail
Air
Heathrow Airport, Gatwick Airport
Situation
Farnham is an affluent Surrey commuter town to the west of Guildford. The property is prominently situated on the northern side of West Street, just up from Lion & Lamb Yard Shopping Centre which houses occupiers including Waterstones, Joules, Cote and provides direct access to Waitrose. Other nearby occupiers include Costa Coffee, Argos, Holland & Barrett, Boots and Halifax Bank.
Tenure
Freehold.
Location
Miles
7 miles south of Farnborough, 9 miles west of Guildford, 40 miles south-west of Central London
Roads
A3, A31, A287, A325, M3
Rail
Farnham Rail
Air
Heathrow Airport, Gatwick Airport
Situation
Farnham is an affluent Surrey commuter town to the west of Guildford. The property is prominently situated on the northern side of West Street, just up from Lion & Lamb Yard Shopping Centre which houses occupiers including Waterstones, Joules, Cote and provides direct access to Waitrose. Other nearby occupiers include Costa Coffee, Argos, Holland & Barrett, Boots and Halifax Bank.
Tenure
Freehold.
Description
The property comprises a ground floor retail unit with residential accommodation at first floor and second floors and to the rear. The property includes the alleyway to the side of the commercial unit which leads to Harts Yard.
VAT
VAT is applicable to this lot.
Completion Period
Six Week Completion
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 residential accommodation at first floor and second floors and to the rear. The property includes the alleyway to the side of the commercial unit which leads to Harts Yard.
VAT
VAT is applicable to this lot.
Completion Period
Six Week Completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Unit
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Review/(Reversion)
116
Ground
Retail
90.35 sq m
(972 sq ft)
JOHNSON CLEANERS UK LIMITED (1)
10 years from 05/04/2016 on a full repairing and insuring lease (2)
£50,000
05/04/2021 (04/04/2026)
116a
First
Residential
2 Bedroom Flat
-
250 years from completion
£100
2066 and every 50 years (3) (2266)
116b
Second
Residential
2 Bedroom Flat
-
250 years from completion
£100
2066 and every 50 years (3) (2266)
116c
Ground & First
Residential
2 Bedroom Maisonette
-
250 years from completion
£100
2066 and every 50 years (3) (2266)
Total Commercial Floor Area
90.35 sq m
(972 sq ft)
£50,300
(1) Johnsons Dry Cleaners are the UKs leading provider of dry cleaning services for clothing and other items with a network of conveniently located stores nationwide. Johnsons Dry Cleaners are part of Johnson Service Group which has been in business for over 200 years. (Source: www.johnsoncleaners.com 31/05/2016) (2) The lease provides an option to determine on 04/04/2021. (3) The lease provides for the rental income to double at each review
Contacts
Seller's Solicitors
Bond Dickinson LLP St Ann's Wharf, 112 Quayside Newcastle Upon Tyne NE1 3DX
