Well located Korean and Japanese restaurant let until 2028
Includes 3 residential flats let on AST’s
Affluent Surrey commuter town
Nearby occupiers include Starbucks, Barclays Bank , Laura Ashley, Lloyds Bank and Robert Dyas
Six Week Completion
Lot 37
Auction 9th July 2014
Rent £65,620 per Annum Exclusive
Status Sold
Price £840,000
Sector Restaurant
Auction Venue The Millennium Hotel 44 Grosvenor Square London W1K 2HP
Property Information
Location
Miles
20 miles south-west of Central London, 8 miles east of Woking
Roads
M3, M25, A3
Rail
Weybridge Rail Station
Air
Heathrow (8 miles) Gatwick Airport (32 miles)
Situation
Weybridge is an affluent Surrey commuter town 20 miles south-west of Central London. The property is situated on the north side of Church Street close to its junction with the High Street in the heart of the town centre. Nearby occupiers include Starbucks, Barclays Bank, Laura Ashley, Lloyds Bank and Robert Dyas.
Tenure
Freehold.
Location
Miles
20 miles south-west of Central London, 8 miles east of Woking
Roads
M3, M25, A3
Rail
Weybridge Rail Station
Air
Heathrow (8 miles) Gatwick Airport (32 miles)
Situation
Weybridge is an affluent Surrey commuter town 20 miles south-west of Central London. The property is situated on the north side of Church Street close to its junction with the High Street in the heart of the town centre. Nearby occupiers include Starbucks, Barclays Bank, Laura Ashley, Lloyds Bank and Robert Dyas.
Tenure
Freehold.
Description
The property comprises a ground floor restaurant, together with 3 residential flats on two floors above with separate access from the side of the property. Each flat has two rooms, kitchen and bathroom/shower room.
VAT
VAT is not applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a ground floor restaurant, together with 3 residential flats on two floors above with separate access from the side of the property. Each flat has two rooms, kitchen and bathroom/shower room.
VAT
VAT is not applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Reviews/(Reversion)
Ground Part First
Restaurant Ancillary - restricted headroom
85.01 sq m 19.60 sq m
(915 sq ft) (211 sq ft)
CHOI’S LIMITED (t/a Soya Korean and Japanese Restaurant) (1)
15 years from 11/10/2013 until 10/10/2028
£40,000
10/10/2018 and 10/10/2023 Upward Only
First 16A
Residential
Not Measured
INDIVIDUAL
AST 1 year from 07/07/2014
£8,220
(06/07/2015)
Second 16B
Residential
Not Measured
INDIVIDUAL
AST 1 year from 10/07/2014
£8,700
(09/07/2015)
Third 16C
Residential
Not Measured
INDIVIDUALS
AST 1 year from 04/04/2014
£8,700
(03/04/2015)
Totals
104.61 sq m
(1,126 sq ft)
£65,620
(1) The lease has a personal guarantee from Mr Choi and a 3 month rent deposit.
Contacts
Seller's Solicitors
Bruce Lance & Co 87 Easton Street High Wycombe Buckinghamshire HP11 1NF
