Property photos
Freehold
£900,000
(£261.78/sq. ft)
Retail premises for sale
39, 39A And 40 Downing Street, Farnham GU93,438 sq. ft
Local area information
Property location
Nearby amenities
- St Andrew's Church of England Infant School 0 miles
- Potters Gate CofE Primary School 0.3 miles
- Farnham 0.3 miles
- Aldershot 2.8 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Features and description
- Freehold
Key Points
39 Downing Street let to Savills (UK) Limited for £35,000 per annum until 8th June 2032 40 Downing Street will be sold with vacant possession Opportunity to convert upper parts into residential (subject to planning) Estimated rental value of £76,000 pa for the two ground floor retail units Grade II listed which means there are no empty rates Freehold
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 garden 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 accessed internally through 40 Downing Street.
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/40 Downing Street, Farnham. However, the Tenant is not in occupation and these leases are in the process of being disclaimed.
Tenancy
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 upon request.
The vacant ground floor retail unit has an estimated rental value of £38,000 per annum, with a combined estimated rental value of £76,000 per annum for both ground floor retail units.
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.
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 garden 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 accessed internally through 40 Downing Street.
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/40 Downing Street, Farnham. However, the Tenant is not in occupation and these leases are in the process of being disclaimed.
Tenancy
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 upon request.
The vacant ground floor retail unit has an estimated rental value of £38,000 per annum, with a combined estimated rental value of £76,000 per annum for both ground floor retail units.
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.
More information
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