Retail premises for sale in 39, 39A And 40 Downing Street, Farnham GU9

Key Points

Description

The property comprises a Grade II listed building over three floors. It is brick built with rendered elevations to the front under a pitched and slate covered roof. There is a rear yard area which can only be accessed internally. The property is arranged as two ground floor lock-up shop units, with self-contained offices on the two floors above in addition to a basement. There is also a substantial garden to the rear which is demised to both units.

39 Downing Street is let to Savills (UK) Ltd on a 10-year lease term from 9th June 2022 at a rent of £35,000 per annum exclusive. There is an upwards only rent review and tenant only break option on 9th June 2027. Further lease information can be provided by Curchod & Co upon request.

Location

The property occupies a prominent and established retail position in the middle section of Downing Street being within a short distance of the principle shopping thoroughfare of the town, which is centred on The Borough/West Street. The property is close to the main Central car park (280 spaces) and also the Wagon Yard car park (250 spaces).

The historic town centre of Farnham offers an extensive mix of retail and restaurants etc with well known multiples including Boots, W H Smith, White Stuff and Fat Face.

Tenure

The property is held freehold under title number SY89127.

There is currently a lease and a sub-lease in place for 39a and 40 Downing Street, Farnham. However, the Tenant is not in occupation and these leases are in the process of being disclaimed. Subject to Contract and Without Prejudice.

Anti Money Laundering

To comply with Anti Money Laundering regulations, Curchod & Co undertake id checks for all successful purchasers and tenants where legislation requires us to do so.