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