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Farnham

3 School Hill, Wrecclesham, Farnham, Surrey, GU10 4PU

sold

For Sale

  • Retail, Investment
  • 1,673 Sq Ft
  • POA
  • Business Rates: £7,360 per annum the apartment is separate and a Council tax band of C

Freehold Retail Investment Trading as Morrisons Daily With Separate Vacant First Floor Three Bedroom Apartment.

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Key Features

  • Let to Alliance Property Holdings Ltd (Part of the Morrisons Group) Trading as Morrisons Daily
  • FRI Lease, inside the act expiring April 2034 with tenant only breaks in April 2027 & 2031
  • £12,700 per annum exclusive
  • Separate first floor, three bedroom apartment
  • 5th year rent review, cap & collared at 2% and 4% and compounded annually
  • Offers invited in excess of £350,000

Property Description

3 School Hill consists of a retail unit let to Alliance Property Holdings ltd (Part of the Morrisons Group), trading as Morrisons Daily. Prominently located, with parking available off and on road immediately adjacent the unit. The premises have been operated as a convenience store for well over 50 years. The shop consists of a main sales area with storage, a managers office and staff welfare facilities at the rear.

The first floor apartment which is over 900 sq ft, is accessed separately from the shop. It benefits from a very spacious living room, 3 bedrooms, with a WC off the main bedroom, kitchen and bathroom. Street parking is nearby.
Viewings
Viewings on an appointment only basis via the sole selling agent Hurst Warne.

Accommodation

Name/FloorSq FtSq MAvailability
Ground1,261117.15Sold
ancillary Storage and office41238.28Sold
Total1,673155.43 

Location

The subject premises are located 1.5 miles west of central Farnham. Situated less than 50m from the roundabout that connects School Hill with the A325, which in turn conveniently links to the A31.

Additional Information

Property TypeRetail, Investment
TenureFor Sale
Size1,673 Sq Ft NIA
Business Rates£7,360 per annum the apartment is separate and a Council tax band of C
PriceOn Application
Energy Performance RatingThis property has been graded as B (39)

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