• Centrally located along the main retail pitch within Farnborough, Surrey, 32 miles from Central London.
• Farnborough Train Station is less than a 6 minute walk and offers direct trains to London Waterloo in as little as 34 minutes.
• The Town Centre is subject to a substantial regeneration programme with over £400 million being invested.
• A portfolio of 25 recently refurbished maisonettes, each with their own private entrance, which have been internally configured to provide a total of 75 bedrooms with shared kitchens and bathrooms.
• Total GIA – approx 1,774 sq m / 19,095 sq ft. (Floor areas have been taken from historic sales details - updated areas/plans are currently being prepared).
• Currently 83% tenanted producing an income of £435,060 per annum.
• ERV when fully let of c. £520,000 per annum, reflecting a yield of 9.2%.
• Long Leasehold.
• Guide Price - £5,750,000 (Five million, seven hundred and fifty thousand pounds) subject to contract.
• This reflects an initial yield of 7.6% and a reversionary yield of 9.2% (assuming 100% occupancy).
