A private trust, advised by Curchod & Co, has completed the sale of a 3,437 sq ft property at 39 to 40 Downing Street, Farnham, Surrey, which is part let to Savills (UK) Ltd, to an undisclosed buyer. The transaction of this Grade II listed asset in Farnham’s town centre underscores the sustained demand for freehold commercial properties in the region.
Tom Nurton, Associate Partner at Curchod & Co, who advises the trust on a range of commercial property matters across its portfolio, noted, “We’re seeing healthy appetite from investors keen to secure freehold assets in prime market towns like Farnham. This transaction is another indication of strong demand in the South East for well-located, income-generating commercial investments.”
Alex Blown, also an Associate Partner at Curchod & Co, added, “Farnham has undergone a huge shift in recent years and is now one of the premier retailing destinations in Surrey with the lowest retail vacancy rate in the region. This strong occupational market in the town, together with the scope to redevelop the upper parts into residential, led to a very competitive bidding process and a great price achieved for our client.”
The buyer was represented by Keats Fearn in the transaction.
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