3 School Hl
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3 School Hl
1,673 SF Retail Building Farnham GU10 4PU £350,000 (£209/SF)
Investment Highlights
- Good road connections to A325 and A31
- Off and on road parking adjacent to unit
- Situated 1.5 miles west of Central Farnham
Executive Summary
Freehold retail investment trading as Morrisons Daily with separate vacant first floor three bedroom apartment.
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.
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
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.
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 Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Convenience Store
Building Size
1,673 SF
Year Built
1994
Price
£350,000
Price Per SF
£209
Tenancy
Single
Number of Floors
1
Building FAR
0.45
Land Acres
0.09 AC
Parking
2 Spaces (1.2 Spaces per 1,000 SF Leased)
Frontage
18 ft on School Hill
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Steve Barrett -
Hurst Warne & Partners Surveyors Ltd
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3 School Hl
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