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Agent's details

16 Farnham Business Centre, Dogflud Way

For sale: £117,500.00|1,368 Sq Ft|Other, Warehouse, Other Property Types & Opportunities, Industrial

Property details

FOR SALE£117,500.00
SIZE1,368 Sq Ft
ADDRESS16 Farnham Business Centre, Dogflud Way, Farnham, GU9 7UP
TYPEOther, Warehouse, Other Property Types & Opportunities, Industrial
TENUREInvestment Opportunity, For Sale Leasehold
POSTED ON5th August 2022

Description

Key Points

  • 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
  • Summary

    Long leasehold investment opportunity

    Description

    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%.

    Location

    marker
    Location: 16 Farnham Business Centre, Dogflud Way, Farnham, GU9 7UP

    Farnham (0.3 miles)

    Aldershot (2.5 miles)

    Ash (4.1 miles)

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