SOLD

TypeTraining & Welfare Investments

GU3 Reception Building Wyke School, School Lane, Normandy

TenureFor sale

Reception Building Wyke School, School Lane, Normandy, GU31/4

Specification

Building size
Building size1,491sqft
Land size
Land size0.46acres
Property type
Property typeTraining & Welfare Investments
Tenure
TenureFor sale

Description

Investment For Sale, 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.

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.

The South Farnham Educational Trust has a very low risk credit rating. In the financial year of December 2023 turnover was £41.5m with pre tax profit of £22.9m. In the year to December 2024 turnover was £55.3m with pre tax profit of £27.5m. The group is engaged to advance for the public benefit education for the children aged 4 to 11.

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).

Amenities

Single Storey Building

Detached

Excellent Tenant

Secure Fenced Site

0.50 Acres

adjoins School Playing Field

Map