Nearby occupiers include Tesco Express, Harris & Hoole and a number of local retailers
Lot 38
Auction 23rd May 2019
Rent £55,000 per Annum Exclusive
Status Sold
Price £845,000
Sector High Street Retail
Auction Venue The Montcalm Hotel 2 Wallenberg Place London W1H 7TN
On Behalf of Executors
Property Information
Location
Miles
0.6 miles north-east of Twickenham
12 miles south-west of the City of London
Roads
A3004, A316, A4, M4, M25
Rail
St Margaret's Railway Station
Air
London Heathrow,
Situation
The property is located in the affluent area of St Margaret's Village, 0.6 miles from Twickenham in the London Borough of Richmond upon Thames. The property is prominently located on the east side of St. Margaret's Road (A3004), opposite the railway station, with Twickenham station just under 1 mile to the west. Nearby occupiers include Tesco Express, Harris & Hoole and a number of local retailers.
Tenure
Freehold.
Location
Miles
0.6 miles north-east of Twickenham
12 miles south-west of the City of London
Roads
A3004, A316, A4, M4, M25
Rail
St Margaret's Railway Station
Air
London Heathrow,
Situation
The property is located in the affluent area of St Margaret's Village, 0.6 miles from Twickenham in the London Borough of Richmond upon Thames. The property is prominently located on the east side of St. Margaret's Road (A3004), opposite the railway station, with Twickenham station just under 1 mile to the west. Nearby occupiers include Tesco Express, Harris & Hoole and a number of local retailers.
Tenure
Freehold.
Description
The property comprises a retail unit on the ground floor with additional ancillary accommodation on the lower ground floor and the D1 user occupies part lower ground, first and second floor, with ground access from the High Street frontage. There is a small yard at the rear of the property accessed at lower ground floor level.
VAT
VAT is not applicable to this lot.
Completion Period
Six Week Completion
EPC
Available from the legal pack at acuitus.co.uk.
Description
The property comprises a retail unit on the ground floor with additional ancillary accommodation on the lower ground floor and the D1 user occupies part lower ground, first and second floor, with ground access from the High Street frontage. There is a small yard at the rear of the property accessed at lower ground floor level.
VAT
VAT is not applicable to this lot.
Completion Period
Six Week Completion
EPC
Available from the legal pack at acuitus.co.uk.
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Review
Ground Lower Ground
Retail Storage
75.68 sq m 24.27 sq m
(815 sq ft) (261 sq ft)
INDIVIDUAL t/a David Masters (1)
20 years from 24/06/2009 until 23/06/2029
£23,000
24/06/2019, 24/06/2024
Ground First Second Lower Ground
D1 D1 D1 D1
11.04 sq m 68.82 sq m 54.91 sq m 71.68 sq m
(119 sq ft) (741 sq ft) (591 sq ft) (772 sq ft)
GIM-UK LIMITED t/a The Training Works
20 years from 30/01/2009 until 29/01/2029
£32,000
30/01/2019 (outstanding) 30/01/2024
Totals
306.40 sq m
(3,299 sq ft)
£55,000
(1) As to the lease of the retail unit in favour of David Masters, the seller is holding a 6 month rent deposit amounting to £11,500.
