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East Street, Farnham, Surrey

Description

FREEHOLD INVESTMENT OPPORTUNTIY - 66 East Street forms part of a larger Georgian property that is only a few minutes walk from the town centre. This landmark property has been refurbished over recent years to a high standard throughout. The property features a very good blend of period and contemporary features including box sash windows with echo sound-proofed glass, louvred to bathrooms and quality kitchen appliances.

The front door provides video entry to the communal entrance hall. The ground floor consists of the commercial property currently used as a reputable private dental practice servicing the local community.

The current configuration of the commercial property consists of an attractive reception to the front; three consulting rooms; and staff area.

From the ground floor the stairs rise to the 1st floor landing where there are independent doors to Apartments 3 and 4.

Apartment 3:

Inner hall
Sitting/dining room (4.8m x 4.1m)
Kitchen/breakfast room (3.1m x 2.7m)
Bedroom (3.8m x 3.8m)
Bathroom
Apartment 4:

Inner hall
Sitting/dining room (4.4m x 2.7m)
Kitchen (2.6m x 2.4m)
Bedroom 1 (4.4m x 3.1m)
Bedroom 2 (3.8m x 2.3m)
Bathroom
1st floor stairs rise to 2nd floor landing where there is an independent door to Apartment 4.

Apartment 5:

Inner hall
Sitting/dining room (4.7m x 3.3m)
Kitchen/breakfast (3.9m x 2.3m)
Bedroom (3.8m x 2.7m)
Bathroom
Outside

Car parking is available for each apartment via licence. There is also a combined bin area. Independent post
boxes are at the main entrance.

Services:
All mains services are connected. Gas fired central heating.

Tenure: Freehold

The property is not held within a Special Purpose Vehicle (SPV) so SDLT will be payable

Flat 3 lease granted on 25th December 2007 for 199 years

Flat 4 lease granted on 25th December 2007 for 199 years

Flat 5 held subject to a 5 year licence expires 2026

Ground floor commercial subject to a 20 year lease dated 27th August 2019 5 yearly rent reviews.

Energy Performance Certificates

Apartment 3 = C

Apartment 4 = D

Apartment 5 = D

Anti Money Laundering (AML)

A successful bidder will be requested to provide information to satisfy the AML requirements when Heads of Terms are
agreed.

Proposal

The property has a guide price of £1,400,000 for the freehold interest subject to existing tenancies and subject to contract.

A purchase that this level reflects the gross investment yield of 6.1% (based upon passing rent) and 7% on ERV.
COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
Band: TBC
PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
Yes
GARDENA property has access to an outdoor space, which could be private or shared.
Ask agent
ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
Ask agent

Energy performance certificate - ask agent

East Street, Farnham, Surrey

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About Romans, Portfolio Investments

Crowthorne House Nine Mile Ride, Crowthorne, RG40 3GZ

About Us – Portfolio Investment Sales by LRG

Our expert team specialises in the sale of property portfolios on behalf of private individuals, family offices, institutions, funds, lenders, and LPA receivers. In every case, we help them achieve the timely and most valuable sale of their assets - whether unbroken or part-broken blocks, multiple units under single ownership, or a mix of residential and commercial.

Selling any volume of properties is significantly different to individual disposals. There are advantages such as speed, reduced costs, streamlined processes, and stronger returns through well-planned negotiations. In any case, we understand the complexities involved and we bring a high level of expertise to every transaction.

We typically sell portfolios ranging in value from £2 million to £30 million+, including flats, houses, HMOs, hostels, and mixed-use properties.

We are part of one of the largest property groups in the UK. This means that we are able to market to LRG Group’s extensive database of active investors as well as marketing through our network of 350+ local offices. Our dedicated Investments team manages everything from valuation through to completion, taking way any stress and giving you confidence you should expect from an end-to-end service.

Whether you're looking to exit, refinance, or rebalance your portfolio, our team is here to help maximise value and take the strain so you don’t have to.

Explore our current investment opportunities at: portfolio-investments.lrg.co.uk

Your mortgage

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Years
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Monthly repayments
£6,513
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Disclaimer - Property reference GLO250239. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Romans, Portfolio Investments. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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