Optiplan Kitchens, Coombe Villa Knaphill, Nr Woking Surrey GU21 2HW

Optiplan Kitchens, Coombe Villa
Knaphill, Nr
Woking
Surrey
GU21 2HW

Freehold Retail/Showroom and Residential Investment

Retail Unit let until 2026 (no breaks)
May 2021 Tenant option to determine NOT exercised
Includes a 2 Bedroom Self-contained flat
Benefits from car parking and longer term redevelopment potential (subject to consents)
Lease is outside of the security of tenure provisions of the Landlord and Tenant Act 1954

Lot
33
Auction
25th March 2021
Rent
£46,100 per Annum Exclusive
Status
Sold
Price
£615,000
Auction Venue
Live Streamed Auction

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Freehold Retail/Showroom and Residential Investment

Retail Unit let until 2026 (no breaks)
May 2021 Tenant option to determine NOT exercised
Includes a 2 Bedroom Self-contained flat
Benefits from car parking and longer term redevelopment potential (subject to consents)
Lease is outside of the security of tenure provisions of the Landlord and Tenant Act 1954

Lot 33
Auction 25th March 2021
Rent £46,100 per Annum Exclusive
Status Sold
Price £615,000
Sector
High Street Retail
Auction Venue
Live Streamed Auction

Property Information

Location

Miles: 2 miles west of Woking, 7 miles north of Guildford, 25 miles south-west of Central London
Roads: M3, A3, M25 (Junction 10/11)
Rail: Woking Railway Station; (25 min to London Waterloo)
Air: London Heathrow Airport, London Gatwick Airport

Situation

Knaphill is an affluent Surrey town located approximately 2 miles west of the popular town of Woking. The property is situated in a predominantly residential area on the north side of Anchor Hill approximately 200 metres north of the town centre.

Tenure

Freehold.

Location

Miles: 2 miles west of Woking, 7 miles north of Guildford, 25 miles south-west of Central London
Roads: M3, 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 an attractive 2 storey period building with retail/showroom accommodation on the ground floor and a 2 bedroom self contained flat on the first floor. The property benefits from car parking and longer term redevelopment potential (subject to consents).

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completion

EPC

Band G. See legal pack.

Description

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completion

EPC

Band G. See legal pack.

Tenancy & Accommodation

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Reversion
Ground	Retail/ Showroom	133.15 sq m	(1,433 sq ft)	OPTIPLAN KITCHENS LIMITED (1)	10 years from 16/05/2016 (2)	£35,000	15/05/2026
First	Residential	2 bedroom flat		INDIVIDUAL	1 year Assured Shorthold Tenancy from 26/07/2018	£11,100	Holding over
TotalCommercial Floor Area		133.15 sq m	(1,433 sq ft)			£46,100

(1) Optiplan Kitchens Limited(CRN05303766)ere incorporate in 2006 and operate from 13 showroom nationwide. (https://www.optiplankitchens.co.uk) Optiplan Kitchens Limited are wholly owned by Home Dcor GB Limited. For the year ending 31/12/2019 Home Decor GB limited reported a turnover of £26,144,724, pre-tax profits of £1,419,161 and shareholders funds of £11,016,498 (Source: NorthRow 26/02/2021). The tenant has not exercised the May 2021 option to determine the lease.
(2) The lease is outside of the security of tenure provisions of the Landlord and Tenant Act 1954.

If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.