123 Farnborough Road Farnham Surrey GU9 9AW

123 Farnborough Road
Farnham
Surrey
GU9 9AW

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
Withdrawn Post
Price
Auction Venue
Live Streamed Auction

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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Status Withdrawn Post
Price
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

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

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 £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.