Hurst Warne have been instructed by our client, Redford Developments Ltd, to offer a rare opportunity to acquire a long-income warehouse and leisure investment in Farnham, Surrey.
The asset comprises a comprehensively refurbished 57,235 sq ft warehouse let to Hurlands Pickleball & Padel Club, one of the UK’s largest indoor pickleball and padel facilities.
Key Highlights
- 57,235 sq ft modern warehouse/leisure asset
- Prominent 3.5-acre site with low 38% site coverage
- New 15-year FRI lease to Hurlands Ltd from February 2026
- Passing rent of £733,672 pa (£12.82 psf)
- CPI-linked rental growth (1% floor / 5% cap)
- 13-month rent deposit
- Flexible Class E & B8 use
- New 125-year long leasehold interest from Waverley Borough Council
- Significant tenant investment in fit-out
# https://hurlands.com/ : The Hurlands Ltd business is backed by an experienced management team, including Philip Newborough (Chair and co-founder of Bridges Fund Management) and Andrew Mathews, who have over 25 years’ combined experience launching and scaling successful leisure businesses including The Gym Group, The Hoxton Hotel and Viva Gym.
Pricing
Offers are invited in excess of £8,500,000, reflecting:
- 7.50% Net Initial Yield
- LOW £148 psf capital value
This provides investors with an opportunity to secure an indexed income stream from a modern South East warehouse asset at an attractive entry level.
Please get in touch with Peter Richards if you would like a copy of the brochure or access to the dataroom.
