11 Farncombe Street, Farncombe, Surrey GU7 3BA

Location

Farncombe is one of five wards that make up the town of Godalming in Surrey and is approximately 0 8 miles 1.3 km) north east of the Godalming centre, separated by common land known as the Lammas Lands. The village of Compton lies 1 8 miles 3 km) to the northwest and Bramley 2 miles ( 3 km) to the east; whilst Charterhouse School is to the west.

Farncombe is served by the Portsmouth London Waterloo mainline service through Farncombe railway station which is less than 200 yards from the subject property The A3 is also close by and offers good transport links to the South Coast and M2.

Description

The subject property is part of the 1960 ’s mixed use parade of retail units on the ground floor and residential above; formed of brick elevations with hanging tile finishes and a flat roof. There is a parking area to the rear, and we understand that each retail unit has been demised 1 parking space behind each of their shop units within this area Ignoring Tenants fit out, the units are effectively a large rectangle with services and a WC area to the rear.

Accommodation  

Business Rates

Rateable Value: £8,900
Rates Payable (20/21): £4,391.20

100% Small Business Rates Relief should apply for eligible occupiers.

Tenure

Currently let 15 Year term from September 2015 at a rent of £7,200 per annum. Rent Review notices have been served for the June 2021 rent review at £16,500 p.a.

Long Leasehold Price

£220,000 for a new 999 year long leasehold interest with nil Ground Rent.

Legal Costs

Each party to bear their own legal costs incurred in the transaction

Viewing

Strictly by appointment with the sole agents