HSBC 33 The Borough Farnham Surrey GU9 7NJ

HSBC
33 The Borough
Farnham
Surrey
GU9 7NJ

Freehold Bank Investment

Fully let to HSBC Bank plc until 2021
Rent review in 2016
Wealthy London commuter town
Nearby occupiers include NatWest, Toni & Guy, Nationwide, W H Smith, Boots and Pizza Express
Six Week Completion Period Available

Lot
7
Auction
10th July 2012
Rent
£97,500 per Annum Exclusive
Status
Sold Post
Price
Auction Venue
Millennium Hotel
39-44 Grosvenor Square
London W1K 2HP
On behalf of Peter Welborn and Elaine Tooke – Joint LPA Receivers

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Freehold Bank Investment

Fully let to HSBC Bank plc until 2021
Rent review in 2016
Wealthy London commuter town
Nearby occupiers include NatWest, Toni & Guy, Nationwide, W H Smith, Boots and Pizza Express
Six Week Completion Period Available

Lot 7
Auction 10th July 2012
Rent £97,500 per Annum Exclusive
Status Sold Post
Price
Sector
Bank
Auction Venue
Millennium Hotel
39-44 Grosvenor Square
London W1K 2HP
On behalf of Peter Welborn and Elaine Tooke – Joint LPA Receivers

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 Rail (55 minutes direct to London Waterloo)
Air: Heathrow Airport, Gatwick Airport

Situation

The property is situated on the south side of the main retailing thoroughfare, The Borough, opposite the junction with Castle Street. Nearby occupiers include NatWest, Toni & Guy, Nationwide, W H Smith, Boots and Pizza Express.

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 Rail (55 minutes direct to London Waterloo)
Air: Heathrow Airport, Gatwick Airport

Situation

Tenure

Freehold.

Description

The property is an attractive Grade II Listed building comprising a ground floor banking hall with ancillary accommodation on the first floor. There is office accommodation to the rear.

Note
This property is being marketed for sale on behalf of Joint Law of Property Act Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given. The LPA Receivers are not bound to accept the highest or any offer and are acting without personal liability.

VAT

VAT is not applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

VAT

VAT is not 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	Reviews
Basement Ground First	Ancillary Banking Hall Ancillary	86.20 sq m 214.60 sq m 131.30 sq m	(928 sq ft) (2,310 sq ft) (1,413 sq ft)	HSBC PLC (1)	15 years from 05/07/2006 on a full repairing and insuring lease (2)	£97,500	02/08/2016
Totals		432.10 sq m	(4,651 sq ft)			£97,500

(1) For the year ending 31st December 2011, HSBC Bank plc reported a pre-tax profit of £3,111,000,000 and a net worth of £20,095,000,000. (Source: www.riskdisk.com 31/05/2012)
(2)The lease is subject to a schedule of condition.