Property photos
Auction
Leasehold
Guide price
£50,000
Industrial for sale
16 Farnham Business Centre, Dogflud Way, Farnham, Surrey GU9Local area information
Property location
Nearby amenities
- St Polycarp's Catholic Primary School, Farnham 0.4 miles
- St Andrew's Church of England Infant School 0.4 miles
- Farnham 0.4 miles
- Aldershot 2.5 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Features and description
- Leasehold
Guide Price = £50,000+
**For Sale By Public Auction 31st July 2024 09:30 am. To inspect the legal documents for this property go to our website to download the legal pack**
A Semi Detached Industrial Unit Subject to a Lease Producing £12,000 Per Annum
Tenure
Leasehold. The property is held on a 99 year lease from 15th April 1996 (thus approximately 70 years unexpired).
Location
The property is situated on an industrial site close to local shops and amenities. The open spaces of Farnham Park are within easy reach. Transport links are provided by Farnham rail station.
Description
The property comprises a semi detached industrial unit arranged over ground and first floors.
Accommodation
Ground Floor
Industrial Unit
First Floor
Ancillary Space
Exterior
The property benefits from off street parking.
Tenancy
The property is subject to a lease for a term of 5 years commencing 25th December 2020 at a rent of £12,000 per annum.
We understand there are recent comparables for similar units which have let for £18 per sq ft. This would reflect an estiamated rental value for this property of £23,634 per annum. Buyers should rely on their own enquiries.
Note
Approximate G.I.A: 1,313 sq ft (121 sq m)
Further Information
When purchasing a flat that has a short lease, it is important to understand that in addition to the purchase price, if you wish to extend the lease to 90+ years, you will need to pay a premium to the freeholder. This is done by way of serving a Section 42 notice to the freeholder requesting a lease extension with a suggested price for the extension. The freeholder has the right to refuse the offer and submit a counter notice with their suggested price. In most cases, the leaseholder must have owned the property for at least 2 years in order to serve a S42 notice. If you do not fully understand this process, please ask the auctioneers or a solicitor.
EPC Rating
D
Open for Viewings during Normal Business Hours
**For Sale By Public Auction 31st July 2024 09:30 am. To inspect the legal documents for this property go to our website to download the legal pack**
A Semi Detached Industrial Unit Subject to a Lease Producing £12,000 Per Annum
Tenure
Leasehold. The property is held on a 99 year lease from 15th April 1996 (thus approximately 70 years unexpired).
Location
The property is situated on an industrial site close to local shops and amenities. The open spaces of Farnham Park are within easy reach. Transport links are provided by Farnham rail station.
Description
The property comprises a semi detached industrial unit arranged over ground and first floors.
Accommodation
Ground Floor
Industrial Unit
First Floor
Ancillary Space
Exterior
The property benefits from off street parking.
Tenancy
The property is subject to a lease for a term of 5 years commencing 25th December 2020 at a rent of £12,000 per annum.
We understand there are recent comparables for similar units which have let for £18 per sq ft. This would reflect an estiamated rental value for this property of £23,634 per annum. Buyers should rely on their own enquiries.
Note
Approximate G.I.A: 1,313 sq ft (121 sq m)
Further Information
When purchasing a flat that has a short lease, it is important to understand that in addition to the purchase price, if you wish to extend the lease to 90+ years, you will need to pay a premium to the freeholder. This is done by way of serving a Section 42 notice to the freeholder requesting a lease extension with a suggested price for the extension. The freeholder has the right to refuse the offer and submit a counter notice with their suggested price. In most cases, the leaseholder must have owned the property for at least 2 years in order to serve a S42 notice. If you do not fully understand this process, please ask the auctioneers or a solicitor.
EPC Rating
D
Open for Viewings during Normal Business Hours
More information
Listed by
Auction House London
View agent properties.png){kind=logo}
Property descriptions and related information displayed on this page are marketing materials provided by - Auction House London. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Auction House London for full details and further information.