Freehold Restaurant and Residential Ground Rent Investment
Restaurant trading as Eleana's Bistro until October 2031 (No breaks)
Includes three separately-accessed flats above, all let on long leases
Affluent South-West London suburb location
A short walk from Kingston's main shopping facilities including John Lewis, Côte, Bill's, Marks & Spencer, Waitrose, Nike and Zara
Close to Hampton Court Palace and The Bentall Centre
Lot 1
Auction 7th November 2024
Rent £33,800 per Annum Exclusive
Status Available
Guide* £250,000+
Sector High Street Retail/Residential
Auction Venue Live Streamed Auction
On Behalf of Trustees
Property Information
Location
Miles
0.2 miles west of Kingston-upon-Thames, 4 miles south-east of Heathrow Airport, 13 miles south-west of Central London
Roads
A3, A308, A310, M3 (Junction 1)
Rail
Hampton Wick & Kingston Railway Station
Air
London Heathrow Airport
Situation
The property is situated in the heart of Hampton Wick, close to the historic Hampton Court Royal Palace, on the western side of High Street (A310), less than half a mile from Hampton Wick Railway Station. The property is situated a short walk from The Bentall Centre, with nearby occupiers including John Lewis, Côte, Bill's, Marks & Spencer, Waitrose, Nike and Zara.
Tenure
Freehold.
Location
Miles
0.2 miles west of Kingston-upon-Thames, 4 miles south-east of Heathrow Airport, 13 miles south-west of Central London
Roads
A3, A308, A310, M3 (Junction 1)
Rail
Hampton Wick & Kingston Railway Station
Air
London Heathrow Airport
Situation
The property is situated in the heart of Hampton Wick, close to the historic Hampton Court Royal Palace, on the western side of High Street (A310), less than half a mile from Hampton Wick Railway Station. The property is situated a short walk from The Bentall Centre, with nearby occupiers including John Lewis, Côte, Bill's, Marks & Spencer, Waitrose, Nike and Zara.
Tenure
Freehold.
Description
The property comprises a bistro arranged on the ground floor and basement, with three-separately-accessed flats on the first and second floors, let on long leases.
VAT
VAT is applicable to this lot.
Note
As to the residential flats, the tenants have been served notice pursuant to Section 5B of the Landlord and Tenant Act 1987. The tenants have not responded to the notices within the timeframe (or not at all). Therefore, the tenants are not able to exercise their rights of pre-emption on this sale.
Completion Period
Six Week Completion
EPC
Band D
Description
The property comprises a bistro arranged on the ground floor and basement, with three-separately-accessed flats on the first and second floors, let on long leases.
VAT
VAT is applicable to this lot.
Note
As to the residential flats, the tenants have been served notice pursuant to Section 5B of the Landlord and Tenant Act 1987. The tenants have not responded to the notices within the timeframe (or not at all). Therefore, the tenants are not able to exercise their rights of pre-emption on this sale.
Completion Period
Six Week Completion
EPC
Band D
Tenancy & Accommodation
Floor
Use
Floor Areas Approx sq m (1)
Floor Areas Approx sq ft (1)
Tenant
Term
Rent p.a.x.
Rent Reviews
Ground Basement
Restaurant Ancillary
72.92 67.63
(785) (728)
DAIRO LIMITED (t/a Eleana's Bistro)
10 years from 06/10/2021
£33,500
06/08/2027 and 06/08/2030
First/Second
3 Residential Flats
116.00
(1,248)
THREE INDIVIDUALS
Held on three leases each let for 125 years from 01/09/2002 at a rent of £100 p.a.
£300
-
Total
256.55
(2,761)
£33,800
(1) Residential flat areas provided by the EPC register (www.gov.uk/find-energy-certificate).
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.
