Units 1, 2, & 4, 366 - 370 Ewell Road Tolworth, near Surbiton Greater London KT6 7AZ

Units 1, 2, & 4, 366 - 370 Ewell Road
Tolworth, near Surbiton
Greater London
KT6 7AZ

Prominently Located Retail Parade in Affluent Greater London Suburb

Let to Sainsbury’s Local and HSL Chairs (plus small vacant shop)
Sainsbury’s let until 2028 (subject to option) and HSL Chairs let until 2033 (subject to option) - both with RPI linked rent reviews
Nearby occupiers include Marks & Spencer, Boots the Chemist, B&M Bargains, Iceland, William Hill and WH Smith
Modern development on main road in popular and well-known South West London suburb

Lot
14
Auction
24th May 2018
Rent
£172,500 per Annum Exclusive
Status
Withdrawn Post
Price
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG
On Behalf of CBRE Receivers

Interested?

Expand
Photos
Map

Prominently Located Retail Parade in Affluent Greater London Suburb

Let to Sainsbury’s Local and HSL Chairs (plus small vacant shop)
Sainsbury’s let until 2028 (subject to option) and HSL Chairs let until 2033 (subject to option) - both with RPI linked rent reviews
Nearby occupiers include Marks & Spencer, Boots the Chemist, B&M Bargains, Iceland, William Hill and WH Smith
Modern development on main road in popular and well-known South West London suburb

Lot 14
Auction 24th May 2018
Rent £172,500 per Annum Exclusive
Status Withdrawn Post
Price
Sector
High Street Retail
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG
On Behalf of CBRE Receivers

Property Information

Location

Miles: 2 miles south of Kingston upon Thames, 10 miles south-west of Central London
Roads: A3, A240, A243
Rail: : Tolworth Railway Station (980m away), Surbiton Railway Station (1,400m away)
Air: London Heathrow Airport

Situation

The property is prominently situated on the corner of Ewell Road and Red Lion Road, the main road leading to Kingston upon Thames from the A3. Nearby occupiers include Marks & Spencer, Boots the Chemist, B&M Bargains, Iceland, William Hill and WH Smith.

Tenure

Virtual Freehold. To be held for a term of 999 years from completion each at a fixed rent of £350 per annum.

Location

Miles: 2 miles south of Kingston upon Thames, 10 miles south-west of Central London
Roads: A3, A240, A243
Rail: : Tolworth Railway Station (980m away), Surbiton Railway Station (1,400m away)
Air: London Heathrow Airport

Situation

Tenure

Virtual Freehold. To be held for a term of 999 years from completion each at a fixed rent of £350 per annum.

Description

The property comprises a large retail parade (forming part of a larger building), comprising a convenience store and three shops. Units 1 and 2 (Sainsbury’s and HSL Chairs) benefit from demised parking (10 and 5 spaces respectively).
Please note: Unit 3 (vacant shop) will be offered as lot 15.

VAT

VAT is applicable to this lot.

Note

This property is being marketed for sale on behalf of Fixed Charge Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Fixed Charge Receivers to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Fixed Charge Receivers are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.

Completion Period

Six Week Completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

VAT

VAT is applicable to this lot.

Note

Completion Period

Six Week Completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Lot	Unit	Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Reviews
14	1 2 4	Ground Ground Ground	Retail Retail Retail	430.42 sq m 358.98 sq m 64.38 sq m	(4,633 sq ft) (3,864 sq ft) (693 sq ft)	SAINSBURY’S SUPERMARKETS LIMITED (1) t/a Sainsbury’s Local HIGH SEAT LIMITED t/a HSL Chairs (4) VACANT	15 years from 17/12/2013 until 16/12/2028 (2) 20 years from 05/11/2013 until 04/11/2033 (5) -	£81,000 £91,500 -	17/12/2018 (3) RPI linked reviews on 05/11/2018 and five yearly thereafter (6) -

(1) For the year ending 11th March 2017, Sainsbury’s Supermarkets Limited reported a turnover of £23,234,000,000, pre-tax profits of £342,000,000 and a total net worth of £4,353,000,000 (Source: Experian Group 25/04/2018).
(2) The lease is subject to a tenant option to determine on 17th December 2023.
(3) The rent is reviewed to RPI capped and collared at 1.05% and 1.18% per annum and compounded.
(4) HSL was founded in 1968 and provide quality handcrafted furniture. They now operate from 58 stores nationwide. For the year ending 31st December 2016, High Seat Limited reported a turnover of £51,792,997, pre-tax profits of £2,467,750 and a total net worth of £5,680,430 (Sources: www.hslchairs.com and Experian Group 25/04/2018).
(5) The lease provides for a tenant option to determine on 5th November 2025.
(6) The rent is reviewed to CPI capped and collared at 1.5% and 3.5% per annum and compounded five yearly.

Contacts

Acuitus

David Margolis +44 (0)20 7034 4862 +44 (0)7930 484 440david.margolis@acuitus.co.uk

Seller's Solicitors

Glovers Solicitors LLP 6 York Street
London
W1U 6QD

John Mills 0207 935 8882jmills@glovers.co.uk

Useful Links

Acuitus Finance

Stuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

Property Insurance

Natasha WardBroking Director+44 7545 208 759natasha.ward@bbrown.combbrown.com