16 Farnham Business Centre, Dogflud Way, Farnham

1,368 Sq Ft
£115,000
  • Ref: 15976
  • Type: Investment

Marketed By:

Curchod & Co's

8 Borelli Yard The Borough, Farnham, Surrey, GU9 7NU

01252 710822

farnham@curchodandco.com

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Property Features

  • Let to Wolseley UK Limited
  • 5 year lease expiring 24/12/2026
  • Passing rent of £12,000 pa
  • Located in central Farnham on established estate, close to new Brightwells development
  • On site parking

Property Summary

Long leasehold investment opportunity

Full Details

The subject property comprises a purpose built semi-detached industrial unit, with mezzanine throughout providing first floor storage. The unit is currently used by Wolseley Centres Limited as a trade counter. The neighbouring unit is also occupied by the same tenant and is interconnected.

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 long leasehold interest is available to purchase. This is a 99 year lease running from 15/04/1996. A ground rent of £4,216 per annum is currently payable. This ground rent is reviewed every 5 years to 36.1% of the rack rent and was last reviewed in August 2018.

Price
We are instructed to quote a price of £117,500, subject to contract and exclusive of VAT. A purchase at this level reflects a Net Initial Yield of 6.51%, a potential reversionary yield of 9.35% (based on our view of ERV) and a low capital value of £84 psf, assuming purchaser's costs of 1.80%.

Available Area

Name/FloorSq FtSq MAvailability
g 68463.55Available
m 68463.55Available
Total1,368127.09 

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