Property Type	Development (Land & Buildings) / Investments / Retail
Tenure	For Sale
Size	3,418 sq ft
Business Rates	Upon Enquiry
Energy Performance Rating	Upon enquiry

RETAIL INVESTMENT WITH POTENTIAL FOR RESIDENTIAL DEVELOPMENT STP
OF INTEREST TO DEVELOPERS AND INVESTORS

Location

The premises are located prominently on Victoria Road in Farnborough, within 5 minutes walking distance of the extensively refurbished town centre shopping scheme.

The M3 motorway Junction 4A is within just a few minutes’ drive, and provides swift and easy access to London, the M25 motorway, the South Coast and both Heathrow and Gatwick Airports.

Farnborough is a vibrant town that has been subject to significant investment with £150 million spent on The Meads project. Synonymous throughout the world with aviation, Farnborough has embraced its links with aerospace to become a world-leading centre of technological development and is home to companies including, Airbus, Qinetiq and Fluor. The town benefits from a mainline railway station, about 8 minutes’ walk to the north of the property, which has a high-speed direct link to London (Waterloo 38 minutes).

Description

The property comprises a 0.224-acre site with 5 commercial units and one residential flat, configured over ground and first floors across two adjacent premises. The buildings are generally of brick and tile construction and positioned at the front of the respective plots. To rear of buildings on 79 Victoria Road there is a large open area used as a car park.

The property is currently fully income producing and remains a popular commercial location for secondary retailers and offices.

Subject to obtaining the relevant planning consents, the property has the potential for development for residential use. The Freeholder of the adjoining property has indicated that they are willing to grant a right of way over their property’s car park to facilitate access in to any future development of 77/79 Victoria Road.

Viewings

By appointment please with the sole agent

Terms

Offers invited for the freehold interest subject to the occupational leases.