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    Key features

    • To be offered on Tuesday 3 September
    • High Yielding Industrial Investment
    • Let to Wolesely UK Limited (D&B: 5A2)
    • Lease Expires 24/12/2025
    • Producing £12,000 per annum
    • ERV Approx. £20,000 per annum
    • Asset Management Potential
    • 1,313 sq ft (121 sq m)
    • Guide Price Reflects 24% Gross Yield

    Description

    The property comprises a high yielding industrial investment let to one of the UKs leading plumbing specialists and located within an established industrial estate.

    Arranged across ground and first floors, the property principally comprises a workshop/warehouse with ancillary offices and is let to Wolseley UK Limited on a five year lease expiring 24/12/2025 and paying £12,000 per annum. The lease is a renewal from an existing lease which commenced in 2016.

    We consider the property may have asset management potential, with an opportunity to improve rent upon expiry. From nearby lettings we consider the ERV for the property to be in the region of £20,000 per annum.

    Farnham Business Centre is an established light-industrial park surrounded by other industrial and trade-counter uses. The property benefits from close proximity to the A31 which provides access throughout the South East and to Central London.

    Additional information

    Tenure

    Leasehold - Approx. 70 Years Unexpired - Please Consult the Legal Pack

    Tenancy

    The property is let to Wolseley UK Limited on a five year lease expiring 24/12/2025 and paying £12,000 per annum. The lease is a renewal of an existing lease from 2016.


    Wolseley UK Limited


    • D&B Rating - 5A2
    • Turnover (2023) - £1.87bn
    • Pre-Tax Profit (2023) - £73.1m


    Wolseley are one of the UKs largest plumbing specialists with over 560 branches nationwide.

    Rent

    £12,000 per annum
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      EPC rating

      If no EPC rating appears please refer to the legal pack.

      Guide prices and common auction conditions

      •Guide prices given are indications within 10% upwards or downwards of where the reserve price may be set at the time of going to print. Please note they are not an indication of the anticipated sale price or a valuation.

      •The reserve price is the minimum price at which the property can be sold.

      •Both the guide price and reserve price may be subject to change up to and including the day of the auction.

      •For unsold properties after an auction an Available price may be listed. This is the price that the seller(s) are looking for post auction, subject to contract and no higher offers, and has no relation to the guide prices listed prior to the auction sale.

      Please note that all prices listed, whether prior to or post auction, are subject to contract.

      The Auctioneers and sellers accept no responsibility for any loss, cost or damage that a buyer may incur as a result of relying on any guide price. It is the buyer's responsibility to decide how much they should bid for any lot. Please check with us for regular updates as guide prices are subject to change prior to the auction.

      The guide price does not include the buyer's fee charged by the auctioneer or VAT which may apply to the sale or other amounts the seller may charge. The seller's Special Conditions of Sale will state whether there are other seller's charges and whether the seller has elected to charge VAT on the sale price.

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