3 School Hill

Wrecclesham, Farnham, GU10 4PU

1,673 sq ft
For Sale
Investment Property / Retail

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Freehold Retail Investment Trading as Morrisons Daily With Separate Vacant First Floor Three Bedroom Apartment.

Property Type Investment Property / Retail
Tenure For Sale
Size 1,673 sq ft
Business Rates £7,360.25 per annum the apartment is separate and a Council tax band of C
Energy Performance Rating This property has been graded as B (39)

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

Description

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.

Available area

The accommodation comprises the following areas:

Name sq ft sq m Availability
Ground 1,261 117.15 Available
Ancillary - Storage and office 412 38.28 Available
Total 1,673 155.43

Location

The subject premises are located 1.5 miles west of central Farnham. Situated less than 50m from the roundabout that connects School Hill with the A325, which in turn conveniently links to the A31.

Viewings

Viewings on an appointment only basis via the sole selling agent Hurst Warne.

VAT

The property is not elected for VAT.

Service Charges

There is a service charge in place, further information is available through the selling agent.