Freehold Office and Residential Investment
Freehold Office and Residential Investment
Hampton is an attractive and affluent South-West London suburb situated within the London Borough of Richmond Upon Thames and close to the historic Hampton Court Royal Palace. The property is located on the west side of High Street close to its junction with Station Road. The property is located 650m from Hampton Railway station and 1 mile from Hampton Court Railway station
Freehold.
Hampton is an attractive and affluent South-West London suburb situated within the London Borough of Richmond Upon Thames and close to the historic Hampton Court Royal Palace. The property is located on the west side of High Street close to its junction with Station Road. The property is located 650m from Hampton Railway station and 1 mile from Hampton Court Railway station
Freehold.
The property comprises office accommodation on the part ground floor which has been recently refurbished to a high standard and provides both kitchen and w/c facilities. The commercial space can also be easily subdivided to provide 2 separate units.
The property also comprises 3 self contained residential flats on the part ground and upper floors which are accessed separately from the High Street, which have all been sold off on a long lease.
VAT is applicable to this lot.
As to the residential flats, the tenants have been served notice pursuant to Section 5B of the Landlord and Tenant Act 1987 to accept the offer, the tenants had until 9th January 2023 to respond to the notices. As no tenants have responded to the notices within the timeframe (or not at all), the tenants are not able to exercise their rights of pre-emption on this sale.
Office - D 3x flats - E
The property comprises office accommodation on the part ground floor which has been recently refurbished to a high standard and provides both kitchen and w/c facilities. The commercial space can also be easily subdivided to provide 2 separate units.
The property also comprises 3 self contained residential flats on the part ground and upper floors which are accessed separately from the High Street, which have all been sold off on a long lease.
VAT is applicable to this lot.
As to the residential flats, the tenants have been served notice pursuant to Section 5B of the Landlord and Tenant Act 1987 to accept the offer, the tenants had until 9th January 2023 to respond to the notices. As no tenants have responded to the notices within the timeframe (or not at all), the tenants are not able to exercise their rights of pre-emption on this sale.
Office - D 3x flats - E
| Floor | Use | Floor Areas Approx sq m |
Floor Areas Approx sq ft |
Tenant | Term | Rent p.a.x. | Rent Review (Reversion) |
|---|---|---|---|---|---|---|---|
| Part-Ground | Office | 53.40 |
(574) |
JACKSON O'CONNOR ARCHITECTURE LTD (CRN 11429923) (2) with a personal guarantee |
10 years from 29/04/2021 (3)(4) | £15,000 |
29/04/2026 (28/04/2031) |
| Part-Ground, First and Second | 3x Residential flats | Not measured |
Not measured |
INDIVIDUALS | Each flat is let for a term of 125 Years from 1/1/2018 | £750 (5) |
The rent for each flat increases by £50 pax every 25 years |
| Total Approximate Commercial Floor Area | 53.40 |
(574) (1) |
£15,750 |
(1) The floor areas stated above are those published by the Valuation Office Agency (www.voa.gov.uk)
(2) Jackson O' Connor Architecture Ltd, incorporated on 23rd June 2018, are specialist architects with extensive experience in the residential, arts and educational sectors. See www.jacksonoconnor.com for further info.
(3) The lease provides a mutual option to determine the lease on 28th April 2026 on serving 3 months notice. The lease also has the benefit of a personal guarantor and a £4,500 rent deposit.
(4) The lease is outside of the security of the tenure provisions of the Landlord & Tenant Act 1954.
(5) As to the residential leases, each is for a term of 125 years from 1/1/2018 at a current rent reserved of £250 PAX rising by £50 PAX every 25 years.
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.
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