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16 Farnham Business Centre, Dogflud Way, Farnham, GU9 7UP
1,313 Sq Ft / Other / Investment
Withdrawn - Last updated: 21 June 2024
Summary
The subject property comprises a purpose built semi-detached industrial unit, with mezzanine throughout providing first floor storage. The unit is currently let to Wolseley UK Limited and is used as a trade counter.
Key Points
Let to Wolseley UK Limited until 24/12/2025 for £12,000 paOn site parkingCentral Farnham locationLong leasehold
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
The property is located on the Farnham Business Centre built in the late 1980's comprising a small unit industrial development adjoining Riverside Park and the Farnham Sports Centre. The town centre is within a short distance and the mainline railway station (London Waterloo 55 minutes) is easily accessible. Nearby the A325/A31 give fast access to the A3(M) and Junction 4 of the M3.Terms
The property is let on a fully repairing and insuring basis to Wolseley UK Limited from 25th December 2020 to and including 24th December 2025. The current passing rent is £12,000 per annum. It is our understanding that the lease benefits from security of tenure.
The property is held on a 99 year lease running from 15th April 1996 with approximately 72 years unexpired. A ground rent of £4,216 per annum exclusive is currently payable. This ground rent is reviewed every 5 years to 36.1% of the rack rent and was last reviewed in April 2021.
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