75 Castle Street

Farnham, Surrey, GU9 7LT

10,462 sq ft For Sale Investment Property, Development (Land & Buildings)

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Freehold Investment

Property Type Investment Property, Development (Land & Buildings)
Tenure For Sale
Size 10,462 sq ft
Freehold Price Offers in the region of £2,350,000
Energy Performance Rating Upon enquiry

Key Features

  • Freehold
  • Bank investment in prime location
  • Let to Lloyds Bank to March 2023
  • Substantial commercial building
  • Rental income £125,000 pax to March 2023
  • Future potential for refurbishment or alternative use subject to planning
  • Price on application.

The Property

The property comprises a substantial and important town centre building, being part Grade II listed, in the hart of this historic and popular market town. The building, which is occupied by Lloyds Bank, is built over ground, first and basement floors and we understand that Lloyds have occupied this building since it was built in 1932.

The accommodation comprises a large vaulted ceiling banking hall at ground floor level, connected to more modern ancillary offices at the rear. The banking hall has several featured glazed roof lanterns. At first floor level, there are two sections of further administrative offices and ancillary staff.

These areas are separated by a corridor running across the roof area over the main banking hall. The ancillary areas also have internal access from the ground floor. There is a large basement under the main banking hall which currently provides storage and bank vault accommodation.

Externally, to the right-hand side frontage, there is an open archway which provides pedestrian and vehicular access to a private side yard and parking area for this property only. This archway and said yard area are included within the ownership.

Pedestrian access to some adjoining properties, The Mews, is also provided through this archway.

The Opportunity

  • Bank investment in prime location on Castle Street, Farnham
  • Let to Lloyds TSB to March 2013
  • Rental income £125,000 pax to March 2023
  • Substantial commercial building with imposing main banking hall at ground floor with ancillary accommodation and offices at ground and 1st floor
  • Future potential for refurbishment or alternative use opportunities, subject to planning
  • Price on application

Accommodation

Floor    Use       Area Sq Ft    Area Sq M    
Ground Zone A 547 50.82
  Zone B 668 62.06
  Zone C 677 62.89
  Zone D 609 56.57
  Remainder     3,537 328.59
Basement       1,770 164.43
1st Floor Offices & Ancillary     2,654 246.56
TOTAL   10,462 971.92

These area are based on previous measurements agreed at the last Arbitration award n December 2007.

Price

Please contact Peter Richards to discuss quoting terms. Tel 01252 816061

Inspections

For security reasons all inspections must be undertaken by prior appointment only and be accompanied by a member of Hurst Warne. 

For security reasons NO photography will be permitted inside the premises. Please contact Fran Belcher at Hurst Warne 01252 816061 to arrange an inspection.