129 Lynchford Road

Farnborough, GU14 6ET

129 Lynchford Road, Farnborough, Retail For Sale - P1030670.JPG
129 Lynchford Road, Farnborough, Retail For Sale - P1030664.JPG
129 Lynchford Road, Farnborough, Retail For Sale - P1030667.JPG
129 Lynchford Road, Farnborough, Retail For Sale - P1030668.JPG
129 Lynchford Road, Farnborough, Retail For Sale - P1030665.JPG
129 Lynchford Road, Farnborough, Retail For Sale - P1030663.JPG
129 Lynchford Road, Farnborough, Retail For Sale - P1030662.JPG
129 Lynchford Road, Farnborough, Retail For Sale - P1030670.JPG
129 Lynchford Road, Farnborough, Retail For Sale - P1030664.JPG
129 Lynchford Road, Farnborough, Retail For Sale - P1030667.JPG
129 Lynchford Road, Farnborough, Retail For Sale - P1030668.JPG
129 Lynchford Road, Farnborough, Retail For Sale - P1030665.JPG
129 Lynchford Road, Farnborough, Retail For Sale - P1030663.JPG
129 Lynchford Road, Farnborough, Retail For Sale - P1030662.JPG
Property Type Retail
Tenure For Sale
Size 870 sq ft
Price £350,000
Business Rates £5,546 per annum Council Tax Band – 1st floor – Band E.
Energy Performance Rating This property has been graded as C (64)

Investment opportunity - A5 takeaway unit plus residential flat highly prominent location

Location

The subject property occupies a highly prominent position on Lynchford Road, being the main feeder road from the A325 Farnborough Road to the A331 Blackwater Valley Relief Road.

The property is located within an established retail parade, close to the junction with Peabody Road, providing access to the rear car parking area. There is public car parking immediately to the rear in the Peabody Road car park, and drop-off / free parking available adjacent in Peabody Road.

Key Points

  • Highly prominent main road location
  • Ground Floor lease to Pizza takeaway
  • First Floor flat (vacant)
  • Rear yard / parking

Available area

DescriptionSq ftSq m
Front retail /kitchen 510 47.38
Rear ancillary stores 360 33.45
First floor Self-contained Flat - -

Description

The building has been the subject of some considerable external improvement over recent years, to include a new roof, and refurbishment of the flat, to include new wiring, central heating, lighting, fire control and windows. The ground floor area is extensively fitted out as a pizza takeaway operation.

There is a self-contained flat on the first floor, comprising two bedrooms, living room, kitchenette and bathroom / WC. The flat is presented in good order with gas central heating.

The first floor flat has separate access from the rear and is currently vacant.

Ground Floor Lease

The ground floor retail area is occupied by Hants Catering Limited (t/a Pizza Time) under a lease for a term of 16 years from 03 June 2016 until 02 June 2032, at a rent of £13,500 per annum exclusive, for which the next rent review is 02 June 2021, and every five years thereafter.

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