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Unit B, Guildford Road Trading Estate, Farnham, GU9 9PZ

10,300 Sq Ft / Other / Investment

For Sale - £1,000,000.00

Available - Last updated: 08 July 2024

Summary

Until recently both units were occupied separately and fitted with a showroom/display and stores area as well as a trade/customer counter.

The property is also suitable for other commercial uses (subject to planning and superior landlords consent) including warehouse/storage, production and light industrial.

The building is currently divided into two units, which are both offered with vacant possession. There will be potential to remove the dividing wall to create a larger single demise.


Key Points

  • Offered for sale on a long leasehold basis (55 yrs) with vacant possession
  • Currently divided into 2 units each of the same size (approx 5,150 sq ft each). Can be opened up into a single unit.
  • Suited to an occupier requiring circa 5,150 sq ft and then let the adjoining unit as an investment
  • Forecourt parking plus allocated parking within the estate
  • Adjacent to Topps Tiles, Homebase and Farnham Retail Park
  • Vehicular access to rear for deliveries

  • Viewings

    By prior appointment with sole agents.


    Availability

    The property is held on a long lease from Waverley Borough Council for a term expiring Sept 2079 - approx 55 years remaining. Current rent is £11,500 per annum with 5 yearly reviews to 22% of rack rented market rent. The next head lease review is September 2024.


    Use

    The original permitted use on the lease, from the freehold landlord Waverley BC, was for 'factory and light industrial/manufacturing purposes'. The current permitted use is for trade warehouse/building supplies/timber/plumbing/heating supplies, or B1(c), B2 and B8 use. Others commercial uses may be permitted subject to the landlord (Waverley BC) consent and planning


    Best Bids

    Our client is seeking best bids by 12.00 noon Wednesday 12th June 2024.

    Location

    Situated on the established Guildford Road Trading Estate the unit is in a prime trade warehouse location being next door to a number of national trade operators including Topps Tiles, Rexel, Homebase and Bathstore. Farnham retail park is also adjacent to Halfords and Pets at Home.

    Farnham town centre is close by (within 1 mile) and the A31 Farnham by-pass is within 0.5 mile. Guildford town centre is only 15 mins drive away (10 miles).

    Terms

    Offered For Sale, with vacant possession, on a long leasehold basis from Waverley Borough Council for a term expiring Sept 2079 - approx 55 years remaining. Current rent is £11,500 per annum with 5 yearly reviews to 22% of rack rented market rent. The next head lease review is September 2024.

    Property Quote Price(s)

    DescriptionSale typeGuide pricePrice type
      For Sale Freehold £1,000,000.00 NA

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    Contact agents

    Peter Richards

    Hurst Warne

    01483 723344

    Clare Charrett

    Hurst Warne

    01483 723344



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