19-21 Chertsey Road Woking Surrey GU21 5AB

19-21 Chertsey Road
Woking
Surrey
GU21 5AB

Freehold Retail and Leisure Investment with Potential

Majority let on a new 20 year lease (subject to option) with guarantee to tenant t/a Taco Bell
Self-contained gym on first and second floors with future residential development potential (subject to consents)
Prominent position in Woking Town Centre
Nearby occupiers include McDonald's (adjacent), Nando's, J D Wetherspoon and KFC

Lot
59
Auction
13th July 2017
Rent
£72,083 per Annum Exclusive
Status
Sold
Price
£1,230,000
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

Important Update Interested?

Expand
Photos
Map

Freehold Retail and Leisure Investment with Potential

Majority let on a new 20 year lease (subject to option) with guarantee to tenant t/a Taco Bell
Self-contained gym on first and second floors with future residential development potential (subject to consents)
Prominent position in Woking Town Centre
Nearby occupiers include McDonald's (adjacent), Nando's, J D Wetherspoon and KFC

Lot 59
Auction 13th July 2017
Rent £72,083 per Annum Exclusive
Status Sold
Price £1,230,000
Sector
High Street Retail
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

Property Information

Location

Miles: 7 miles north of Guildford, 23 miles south-west of Central London
Roads: A3, M25 (Junction 10/11)
Rail: Woking Railway Station (25 min to London Waterloo)
Air: London Heathrow Airport, London Gatwick Airport

Situation

The property is situated in a prominent position on the east side of Chertsey Road and opposite its junction with Chobham Road in Woking town centre. Nearby occupiers include McDonald's (adjacent), Nando's, J D Wetherspoon and KFC. Woking Railway Station is some 100 metres to the south which provides direct access to London Waterloo in 25 minutes.

Tenure

Freehold.

Location

Miles: 7 miles north of Guildford, 23 miles south-west of Central London
Roads: A3, M25 (Junction 10/11)
Rail: Woking Railway Station (25 min to London Waterloo)
Air: London Heathrow Airport, London Gatwick Airport

Situation

Tenure

Freehold.

Description

The property comprises a ground floor retail unit with basement ancillary accommodation together with a self-contained gym on the first and second floors accessed from Chertsey Road.

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 a ground floor retail unit with basement ancillary accommodation together with a self-contained gym on the first and second floors accessed from Chertsey Road.

VAT

VAT is 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	Review/(Reversion)
Ground Basement	Retail Ancillary	175.58 sq m 13.00 sq m	(1,890 sq ft) (140 sq ft)	T BELLO GROUP LIMITED t/a Taco Bell guaranteed by Caskade Caterers Limited (1)	20 years from 31/03/2017 until 2037 (2)	£55,000 (3)	31/03/2022 and 5 yearly
First Second	Gym Gym	127.74 sq m 60.85 sq m	(1,375 sq ft) (655 sq ft)	DC INDUSTRIES LTD t/a Beatbox Gym	5 years from 25/12/2016	£17,083.33	(24/12/2021)
Totals		377.17 sq m	(4,060 sq ft)			£72,083.33

(1) Caskade Caterers Limited was incorporated in 1984 and for the year ending 30th November 2015, reported a turnover of £28,193,699, pre-tax profits of £2,473,357 and a total net worth of £4,287,383 (Source: www.riskdisk.com 15/06/2017).
(2)The lease provides for a tenant option to determine the lease on 30th March 2027.
(3) The lease allows for a rent free period until September 2017. The tenant is due to start fit out imminently.