Auction Venue Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
Property Information
Location
Miles
12 miles north of Guildford
20 miles south-west of Central London
Roads
A320, M25 (Junction 12), M3 (Junction 2)
Rail
Chertsey (approx. 52 mins to London Waterloo)
Air
London Heathrow, London Gatwick
Situation
The property is located within the affluent commuter town of Chertsey, in a prime position some 60 metres from Chertsey Railway Station. The units, located on the northern side of South Guildford Street, at its junction with Pyrcroft Road, forms part of the modern Phoenix Development which also provides 93 residential units and office accommodation completed in 2005.
Tenure
Long Leasehold. Units 1a&1b, 1c and 3 are held long leasehold for a term of 250 years from 1st January 2005 at a peppercorn rent. Unit 2 is held virtual freehold for a term of 999 years from 1st January 2005 at a peppercorn rent.
Location
Miles
12 miles north of Guildford
20 miles south-west of Central London
Roads
A320, M25 (Junction 12), M3 (Junction 2)
Rail
Chertsey (approx. 52 mins to London Waterloo)
Air
London Heathrow, London Gatwick
Situation
The property is located within the affluent commuter town of Chertsey, in a prime position some 60 metres from Chertsey Railway Station. The units, located on the northern side of South Guildford Street, at its junction with Pyrcroft Road, forms part of the modern Phoenix Development which also provides 93 residential units and office accommodation completed in 2005.
Tenure
Long Leasehold. Units 1a&1b, 1c and 3 are held long leasehold for a term of 250 years from 1st January 2005 at a peppercorn rent. Unit 2 is held virtual freehold for a term of 999 years from 1st January 2005 at a peppercorn rent.
Description
The property comprises five ground floor restaurant and retail units
arranged around a central courtyard. Units 1a & b, 1c and 3 form the
ground floors of larger buildings whilst Unit 2 is a standalone circular building.
Six Week Completion
Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises five ground floor restaurant and retail units
arranged around a central courtyard. Units 1a & b, 1c and 3 form the
ground floors of larger buildings whilst Unit 2 is a standalone circular building.
Six Week Completion
Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Unit
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x.
Reviews
1a & 1b
Ground
Retail
378 sq m
(4,074 sq ft)
INDIVIDUAL (t/a Caspari Italian Restaurant)
15 years from 10/08/2007 until 09/08/2022
£40,000
10/08/2017
1c
Ground
Retail
107 sq m
(1,147 sq ft)
SUBWAY REALTY LIMITED (1)
15 years from 31/01/2007 until 30/01/2022
£29,000
31/01/2017
2
Ground
Retail
293 sq m
(3,152 sq ft)
INDIVIDUALS (t/a INDOS Indian Restaurant)
20 years from 15/11/2010 until 14/11/2030
£25,000
15/11/2015 and five yearly
3
Ground
Retail
82 sq m
(888 sq ft)
VACANT POSSESSION WITH SELLER GUARANTEE (2)
£10,000
Totals
860 sq m
(9,261 sq ft)
£104,000
(1) For the year ending 31st December 2013, Subway Realty Limited reported a turnover of £28,059,353, pre-tax profits of £1,457,251 and a total net worth of £1,632,387. (Source: www.riskdisk.com 24/04/2015) (2)The seller will provide a one year rental guarantee of £10,000 from completion of the sale.
