18 West Street, Farnham, GU9 7DR
2,120 Sq Ft / Other / Investment
For Sale
- £450,000.00
Available - Last updated: 09 October 2024
Summary
The property, comprising a ground floor and two upper floors is leased to a single tenant, A-Plan trading as Howden Insurance. The ground floor serves as a retail area, while the upper floors are used as offices with staff welfare facilities The property is carpeted throughout with LED lighting and air conditioning. The property also benefits from access to the rear.
Key Points
Passing rent £42,500 per annumLet to A-Plan Holdings t/a Howden Insurance on a 10 year termFreeholdScope for future development of uppersProminent location
Viewings
Strictly by appointment with the joint sole agents
Derwent Hillside - Matthew Seary - matthew@derwenthillside.co.uk - 07950 464618
Location
Farnham is a thriving retail destination known for its mix of historic appeal and modern amenities. The town has been ranked in the top ten best places to Live in the South East in the annual Sunday Times Best Places to Live guide.
The property is situated on West Street, in close proximity to the award winning Lion & Lamb Yard shopping centre. The unit is close to several town centre car parks and an extensive range of town centre facilities.
Road communications are excellent with the Blackwater Valley route (A331)providing a direct dual carriageway access from the A31 to Junction 4 of the M3 at Frimley. Farnham is served by a mainline railway station with a direct line to London Waterloo (55 minutes).Terms
The property is available by way on a new 999 year lease with the benefit of the existing occupational lease
The property is let to A-Plan Holdings (t/a Howden Insurance) on a full repairing and insuring lease for a 10 year term from 23.04.2024 at a rent of £42,500 per annum. The lease is subject to a tenant break option at the end of the 3rd year and an upwards only rent review at the end of the 5th year.
Offers are sought in excess of £450,000+VAT
Property Quote Price(s)
| Description | Sale type | Guide price | Price type |
| |
For Sale Freehold
|
£450,000.00
| NA |
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