£350,000
(£234.74/sq. ft)
Property for saleWyke School Reception Building, School Lane, Normandy GU3
1,491 sq. ft
EPC Rating: D
Freehold
About this property
Single Storey Detached Building
Excellent Tenant in Occupation
Secure Fenced Site
0.50 Acre Level Site, Plenty of Room for Parking
Adjoins Primary School Playing Field
Of Interest to Investors & Other Occupiers
Description
The property comprises a single storey detached building with brick elevations under a pitched roof. The building is sited in the middle of the plot allowing car park in front of the building and play area to the rear. The site has secure metal fencing.
Internally the building provides four varying size class rooms, kitchen and toilets for the children. The building has central heating from a gas fired boiler and has a gross internal area of 1,491 sq. Ft (138.52 sq. M) on a site of 2,041.50 sq. M ( 21,974 sq. Ft or 0.50 of an acre). A site plan is attached.
Location
The building is located on the West side of School Lane, Normandy and is used by the primary school next door to provide teaching facilities. The property has good road access situated between Pirbright Road (A328) and Guildford Road (A324).
Tenant
The property is leased to South Farnham Educational Trust (Reg 07652902) on a lease from 20th May 2025 for a term of 5 years at a rent of £30,000 pax. The lease is full repair and insuring with a mutual option to break rolling effective from 31st August 2026 on 6 months notice. The lease is outside the Security Provisions of the Landlord and Tenant Act 1954.
Price
For the freehold interest with the benefit of the current rental £30,000 per annum, we are currently seeking offers in excess of £400,000 plus VAT. A purchase at this level will show a gross yield of 7.5% or £268 per sq. Ft on the building floor area.
Anti Money Laundering
In accordance with Anti Money Laundering Regulations, the successful purchaser will be required to provide two forms of identification and confirmation of the source of funding.
The property comprises a single storey detached building with brick elevations under a pitched roof. The building is sited in the middle of the plot allowing car park in front of the building and play area to the rear. The site has secure metal fencing.
Internally the building provides four varying size class rooms, kitchen and toilets for the children. The building has central heating from a gas fired boiler and has a gross internal area of 1,491 sq. Ft (138.52 sq. M) on a site of 2,041.50 sq. M ( 21,974 sq. Ft or 0.50 of an acre). A site plan is attached.
Location
The building is located on the West side of School Lane, Normandy and is used by the primary school next door to provide teaching facilities. The property has good road access situated between Pirbright Road (A328) and Guildford Road (A324).
Tenant
The property is leased to South Farnham Educational Trust (Reg 07652902) on a lease from 20th May 2025 for a term of 5 years at a rent of £30,000 pax. The lease is full repair and insuring with a mutual option to break rolling effective from 31st August 2026 on 6 months notice. The lease is outside the Security Provisions of the Landlord and Tenant Act 1954.
Price
For the freehold interest with the benefit of the current rental £30,000 per annum, we are currently seeking offers in excess of £400,000 plus VAT. A purchase at this level will show a gross yield of 7.5% or £268 per sq. Ft on the building floor area.
Anti Money Laundering
In accordance with Anti Money Laundering Regulations, the successful purchaser will be required to provide two forms of identification and confirmation of the source of funding.
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