41-42 The Borough Farnham Surrey GU9 7NW

41-42 The Borough
Farnham
Surrey
GU9 7NW

Freehold Retail Investment

Let to White Stuff Limited with re-based rent
Comprises approximately 383.59 sq m (4,129 sq ft) over four floors with separate rear access
Highly attractive Grade II Listed building in affluent Surrey commuter town
Nearby retailers include Gails, Oliver Bonas, FatFace, Clarks, Timpson, JoJo Maman Bebe and Boots the Chemist
Vat-free investment

Lot
3
Auction
21st July 2021
Rent
£65,000 per Annum Exclusive
Status
Sold
Price
£910,000
Auction Venue
Live Streamed Auction

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Freehold Retail Investment

Let to White Stuff Limited with re-based rent
Comprises approximately 383.59 sq m (4,129 sq ft) over four floors with separate rear access
Highly attractive Grade II Listed building in affluent Surrey commuter town
Nearby retailers include Gails, Oliver Bonas, FatFace, Clarks, Timpson, JoJo Maman Bebe and Boots the Chemist
Vat-free investment

Lot 3
Auction 21st July 2021
Rent £65,000 per Annum Exclusive
Status Sold
Price £910,000
Sector
High Street Retail
Auction Venue
Live Streamed Auction

Property Information

Location

Miles: 10 miles west of Guildford; 39 miles south-west of London
Roads: A31, A331, M3
Rail: Farnham
Air: London Gatwick

Situation

Farnham is a popular market and commuter town in Surrey approximately 39 miles south-west of London. The town benefits from excellent access to the M3 via the A31 & A331, together with direct train services to London Waterloo. The property is situated in a prominent position on the south side of The Borough, opposite it's junction with Castle Street. Nearby retailers include Gails, Oliver Bonas, FatFace, Clarks, Timpson, JoJo Maman Bebe and Boots the Chemist.

Tenure

Freehold.

Location

Miles: 10 miles west of Guildford; 39 miles south-west of London
Roads: A31, A331, M3
Rail: Farnham
Air: London Gatwick

Situation

Tenure

Freehold.

Description

The property comprises a highly attractive Grade II Listed three storey building with trading accommodation on the ground and part first floors, together with ancillary accommodation on the basement, part first and second floors. The property backs onto Central car park
which is a Council pay and display car park with a pedestrian walkway onto The Borough between 39 and 40
The Borough. The property also benefits from rear access.

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completion

EPC

B. See legal pack at www.acuitus.co.uk.

Description

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completion

EPC

B. See legal pack at www.acuitus.co.uk.

Tenancy & Accommodation

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x
Ground First Second Basement	Retail/Ancillary Retail/Ancillary Ancillary Ancillary	159.88 sq m 143.07 sq m 39.39 sq m 41.25 sq m	(1,721 sq ft) (1,540 sq ft) (424 sq ft) (444 sq ft)	WHITE STUFF LIMITED (1)	5 years from 29/09/2020 (2) on a full repairing and insuring lease	£65,000
Total		383.59 sq m	(4,129 sq ft)			£65,000

(1) For the year ending 02/05/2020, White Stuff Limited reported a turnover of £129,279,000, pre-tax profits of £-16,606,000 and shareholder's funds of £21,684,000 (source: NorthRow 22/06/2021).
(2) The lease is subject to a mutual break on 28/09/2022 and annually thereafter on 6 months notice.

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.