18 West Street, Farnham, Surrey, GU9 7DR
2,120 Sq Ft / Other / Investment
For Sale
- £450,000.00
Available - Last updated: 24 September 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 and a basement.
Key Points
Passing rent of £42,500 per annumLet to A-Plan Holdings t/a Howden Insurance on a 10 year leaseFreeholdProminent trading location in affluent market townNearby occupiers include Elphicks, Sweaty Betty, Mint Velvet, Costa & SpecsaversFuture re-development potential of upper parts
Tenancy
The property is let to A-Plan Holdings (t/a Howden Insurance) who have recently agreed a lease renewal on a new full repairing and insuring lease on 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.
Terms
We are instructed to market the building on the basis of a freehold sale seeking offers in excess of £450,000 exclusive.
Legal Costs / VAT
Each side to be responsible for the payment of their own legal costs incurred in the sale. Prices are quoted exclusive of VAT which may be charged.
Anti-Money Laundering
To comply with Anti Money Laundering regulations, Curchod & Co undertake ID checks for all successful purchasers and tenants where legislation requires us to do so.
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).
Property Quote Price(s)
| Description | Sale type | Guide price | Price type |
| |
For Sale Freehold
|
£450,000.00
| NA |
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