15 The Borough, Farnham
£121.53 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
2,880 sq ft
268 sq m
- SECTOR
Commercial property for sale
Key features
- High Yielding Retail Investment
- Ground Floor Unit with Ancillary Upper Parts
- Fully Let on a Single Lease
- 10 Year Lease Expiring 05.01.2032
- 2,880 sq ft (267.55 sq m)
- Second Floor Not Currently Utilised
- Asset Management/Development Potential (stc)
- Investment Let at £45,000 p.a. (12.85% GIY on Guide Price)
Description
Arranged across ground, first and second floors, the property is fully let to A2Z Exclusive Household Limited on a 10 Year Lease Expiring 05.01.2032 and paying £45,000 per annum.
We consider the property benefits from asset management potential via the 2027 rent review, with several recent lettings in the town exceeding the passing rent. Furthermore we understand the second floor is currently not being used by the tenant, offering the potential for conversion/development (subject to the existing lease and any requisite consents).
Farnham is an affluent market town within Surrey and is popular with professional families due to the direct train links to London Waterloo.
The property occupies a prominent pitch fronting The Borough, forming part of the principal retail amenity within Farnham which features a number of local and national occupiers including Caffe Nero, Subway, Gails and Boots.
Brochures
15 The Borough, Farnham
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Farnham Station0.4 miles
- Aldershot Station2.7 miles
- Bentley Station3.9 miles
Notes
Disclaimer - Property reference 502B11FA-8867-40AC-AFB9-4F8410891366. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Savills, Savills Auctions- Commercial. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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