Freehold Retail and Residential Investment in Affluent Commuter Town
Shop let to Clinton Cards (Essex) Limited
Prominent position on prime retail thoroughfare within Farnham town centre
Some 250 metres from the Lion and Lamb Shopping Centre
Nearby occupiers include Barclays Bank, W H Smith, Toni & Guy, Subway and Santander
Six Week Completion Period Available
Lot 30
Auction 8th December 2011
Rent £65,800 per Annum Exclusive
Status Withdrawn Post
Price
Sector High Street Retail
Auction Venue Millennium Hotel 44 Grosvenor Square London W1K 2HP
Property Information
Location
Miles
7 miles south of Farnborough, 10 miles west of Guildford, 40 miles south west of Central London
Roads
A325, A287, A31, A3, M3
Rail
Farnham Railway Station (50 minutes to London Waterloo)
Air
Heathrow Airport, Gatwick Airport
Situation
The property is situated in a prominent location on the southern side of The Borough, one of Farnham's principal retail thoroughfares, near its junction with Bear Lane and South Street. The Lion and Lamb Shopping Centre lies approximately 250 metres from the property and houses retailers such as Starbucks, Jaegar, Laura Ashley, Jones Shoes and Waterstones. Other nearby occupiers include Barclays Bank, W H Smith, Toni & Guy, Subway and Santander.
Tenure
Freehold.
Location
Miles
7 miles south of Farnborough, 10 miles west of Guildford, 40 miles south west of Central London
Roads
A325, A287, A31, A3, M3
Rail
Farnham Railway Station (50 minutes to London Waterloo)
Air
Heathrow Airport, Gatwick Airport
Situation
The property is situated in a prominent location on the southern side of The Borough, one of Farnham's principal retail thoroughfares, near its junction with Bear Lane and South Street. The Lion and Lamb Shopping Centre lies approximately 250 metres from the property and houses retailers such as Starbucks, Jaegar, Laura Ashley, Jones Shoes and Waterstones. Other nearby occupiers include Barclays Bank, W H Smith, Toni & Guy, Subway and Santander.
Tenure
Freehold.
Description
The property comprises a ground floor retail unit with four self-contained flats on first and second floors, accessed from the rear.
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 retail unit with four self-contained flats on first and second floors, accessed from the rear.
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)
Tenant
Term
Rent p.a.x
(Reversion)
Ground Ground
Retail Ancillary/Office
140.51 sq m 21.28 sq m
(1,512 sq ft) (229 sq ft)
CLINTON CARDS (ESSEX) LIMITED (1)
10 years from 16/06/2005 until 15/06/2015 on a full repairing and insuring lease
£65,000
(16/06/2015)
First and Second
Four Residential Flats
Not Measured
Not Measured
INDIVIDUALS
Four separate leases let on terms of 999 years from 01/11/2002 (3)
£800 (2)
`
Totals
161.79 sq m
(1,741 sq ft)
£65,800
(1) For the year ending 1st August 2010, Clinton Cards (Essex) Limited reported a turnover of £336,922,000, pre-tax profits of £12,239,000 and a total net worth of £19,610,000. (Source: www.riskdisk.com 21/10/2011) (2) Each flat has a rental income of £200 p.a.x. (3) In accordance with s.5B of the Landlord & Tenant Act 1987, notices were served on the residential lessees.
Contacts
Associate Auctioneers
Orbit Property 22 Bruton Street Mayfair London W1J 6QE
