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
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.
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
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.
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.
