Freehold Public House Investment in Affluent Commuter Town
Entirely let to Thyme Lords Limited until 2022
Prominent corner position in town centre location
Nearby occupiers include Sainsbury’s, Ask Restaurant and Barclays Bank
Rent Review due June 2012
Six Week Completion Period Available
Lot 11
Auction 23rd February 2012
Rent £41,250 per Annum Exclusive
Status Sold
Price £420,000
Sector Public House
Auction Venue Millennium Hotel 39-44 Grosvenor Square London W1K 2HP
On behalf of J E Cookson and A J Phillips Joint Fixed Charge Receivers
Property Information
Location
Miles
12 miles north of Guildford
20 miles south-west of Central London
Roads
M3 (Junction 2), M25 (Junction 12)
Rail
Chertsey Rail
Air
London Heathrow, London Gatwick
Situation
The property is situated in a prominent position at the corner of
London Street and Heriot Road in Chertsey town centre. The
property benefits from its proximity to Sainsbury’s supermarket and
other nearby occupiers including Ask Restaurant and Barclays Bank.
Tenure
Freehold.
Location
Miles
12 miles north of Guildford
20 miles south-west of Central London
Roads
M3 (Junction 2), M25 (Junction 12)
Rail
Chertsey Rail
Air
London Heathrow, London Gatwick
Situation
The property is situated in a prominent position at the corner of
London Street and Heriot Road in Chertsey town centre. The
property benefits from its proximity to Sainsbury’s supermarket and
other nearby occupiers including Ask Restaurant and Barclays Bank.
Tenure
Freehold.
Description
The property comprises a ground floor public house with self-contained residential accommodation accessed from London Street on the first and second floors.
The residential accommodation, currently used by guests, comprises three separate en-suite bedrooms on the first floor and an office and additional bedroom on the second floor. In addition, there is a car park to the rear of the property for approximately 10 cars.
Note:
This property is being marketed on behalf of Law of Property Act Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given. The LPA Receiver is not bound to accept the highest or any offer and are acting without personal liability.
VAT
VAT is not 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 public house with self-contained residential accommodation accessed from London Street on the first and second floors.
The residential accommodation, currently used by guests, comprises three separate en-suite bedrooms on the first floor and an office and additional bedroom on the second floor. In addition, there is a car park to the rear of the property for approximately 10 cars.
Note:
This property is being marketed on behalf of Law of Property Act Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given. The LPA Receiver is not bound to accept the highest or any offer and are acting without personal liability.
VAT
VAT is not 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
Reviews
Ground First Second
Restaurant/Bar Residential Residential
137.77 sq m 75.40 sq m 29.84 sq m
(1,483 sq ft) (812 sq ft) (321 sq ft)
THYME LORDS LTD (1) (2)
15 years from 08/06/2007 until 2022
£41,250
08/06/2012 & 08/06/2017
Totals
243.01 sq m (3)
(2,616 sq ft) (3)
£41,250
Contacts
Associate Auctioneers
Colliers International 50 George Street London W1U 7GA
