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97 Lynchford Rd 1,760 sq ft Retail Property Farnborough GU14 6ET £250,000 (£142.05/sq ft)
INVESTMENT HIGHLIGHTS
- Close to retail centre of North Camp
- Prominent location
- Car Parking opposite
EXECUTIVE SUMMARY
Available For Sale Freehold, with the benefit of the existing lease dated 29 July 2022, expiring on 28 July 2032, at a current passing rent of £17,500 per annum exclusive, rising to £18,000 per annum from 29 July 2024, and then to £20,000 per annum from 29 July 2027. The existing tenant is BMEX Limited, who have additional retail premises elsewhere.
The lease incorporates tenant break options on 28 July 2025 and 28 July 2028.
The building comprises a terraced three-storey property, with lower ground floor, which extends the full depth of the property.
The 2 residential flats on first and seconds floors have been sold on 125 year ground leases, drawn on general standard terms, and creating minimal ground rent income.
The commercial lease includes the retail ground floor area, together with the extensive lower ground floor, which has traditionally been used for retail sales / workshop / storage, and is provided in good order with lighting and extensive fitout. The demise includes kitchen and WC facilities, together with a small private rear yard, accessed internally.
The lease incorporates tenant break options on 28 July 2025 and 28 July 2028.
The building comprises a terraced three-storey property, with lower ground floor, which extends the full depth of the property.
The 2 residential flats on first and seconds floors have been sold on 125 year ground leases, drawn on general standard terms, and creating minimal ground rent income.
The commercial lease includes the retail ground floor area, together with the extensive lower ground floor, which has traditionally been used for retail sales / workshop / storage, and is provided in good order with lighting and extensive fitout. The demise includes kitchen and WC facilities, together with a small private rear yard, accessed internally.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront Retail / Residential
Property Size
1,760 sq ft
Costar Property Class
B
Year Built
1929
Price
£250,000
Price per sq ft
£142.05
Tenancy
Single
Number of Floors
3
Plot ratio
1.01
Total Plot Size
0.04 ac
Frontage
22 ft on Lynchford Road
AMENITIES
- Commuter Rail
- Signage
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NEARBY MAJOR RETAILERS
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97 Lynchford Rd
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