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Property details
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Commercial property for sale in Farnham Business Centre, Dogflud Way, Farnham

Investment

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16 Farnham Business Centre, Dogflud Way, Farnham, Gu9 7Up

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Commercial property for sale

Property features

To be offered on Tuesday 3 September
High Yielding Industrial Investment
Let to Wolesely UK Limited (D&B: 5A2)
Lease Expires 24/12/2025
Producing £12,000 per annum
Erv Approx. £20,000 per annum
Asset Management Potential
1,313 sq ft (121 sq m)
Guide Price Reflects 24% Gross Yield

Property description

Strapline

Auction Sale - 03/09/2024

High Yielding Industrial Investment

Let to Wolesely UK Limited on a five year lease expiring 24/12/2025 and paying £12,000 per annum

Description

The property comprises a high yielding industrial investment let to one of the UKs leading plumbing specialists and located within an established industrial estate.

Arranged across ground and first floors, the property principally comprises a workshop/warehouse with ancillary offices and is let to Wolseley UK Limited on a five year lease expiring 24/12/2025 and paying £12,000 per annum. The lease is a renewal from an existing lease which commenced in 2016.

We consider the property may have asset management potential, with an opportunity to improve rent upon expiry. From nearby lettings we consider the erv for the property to be in the region of £20,000 per annum.

Farnham Business Centre is an established light-industrial park surrounded by other industrial and trade-counter uses. The property benefits from close proximity to the A31 which provides access throughout the South East and to Central London.

Tenancy

The property is let to Wolseley UK Limited on a five year lease expiring 24/12/2025 and paying £12,000 per annum. The lease is a renewal of an existing lease from 2016.

Wolseley UK Limited

D&B Rating - 5A2
Turnover (2023) - £1.87bn
Pre-Tax Profit (2023) - £73.1m

Wolseley are one of the UKs largest plumbing specialists with over 560 branches nationwide.

Transport Schools Healthcare Food stores Restaurants/bars Sports/health clubs Parks/recreation

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Savills - National Auctions, and do not constitute property particulars. Please contact Savills - National Auctions for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.