Freehold Retail and Residential Ground Rent Investment
Opposite Shepperton Railway Station
Shop newly let (by way of agreement for lease) as beauty salon (2)
3-year lease from November 2024 (subject to option)
Four flats above let on long leases
Affluent South-West London suburb
Nearby occupiers include M&S Simply Food, Sainsbury's, Boots Pharmacy, Costa and an eclectic mix of local retailers
Lot 17
Auction 12th December 2024
Rent £8,400 per Annum Exclusive
Status Available
Guide* £85,000
Sector High Street Retail, Residential
Auction Venue Live Streamed Auction
Property Information
Location
Miles
6 miles north-west of Esher, 9 miles south-west of Richmond, 14 miles south-west of Central London
Roads
A308, M3 (Junction 2), M25 (Junction 12)
Rail
Shepperton Railway Station
Air
London Heathrow Airport
Situation
The property is prominently situated on the south side of Station Approach, in the heart of Shepperton, an affluent south-west London suburb. Nearby occupiers include M&S Simply Food, Sainsbury's, Boots Pharmacy, Costa and an eclectic mix of local retailers. Shepperton Station is located diagonally opposite the subject property.
Tenure
Freehold.
Location
Miles
6 miles north-west of Esher, 9 miles south-west of Richmond, 14 miles south-west of Central London
Roads
A308, M3 (Junction 2), M25 (Junction 12)
Rail
Shepperton Railway Station
Air
London Heathrow Airport
Situation
The property is prominently situated on the south side of Station Approach, in the heart of Shepperton, an affluent south-west London suburb. Nearby occupiers include M&S Simply Food, Sainsbury's, Boots Pharmacy, Costa and an eclectic mix of local retailers. Shepperton Station is located diagonally opposite the subject property.
Tenure
Freehold.
Description
The property will comprise a beauty salon arranged on the ground floor, and four separately-accessed flats arranged 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
The EPC's will be available to view online in the solicitor’s legal pack.
Description
The property will comprise a beauty salon arranged on the ground floor, and four separately-accessed flats arranged 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
The EPC's will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Floor
Use
Floor Areas Approx sq m (1)
Floor Areas (Approx sq ft) (1)
Tenant
Term
Rent p.a.x.
Ground
Retail/Ancillary
30.30
(326)
A. J. MILLAN
3 years from 07/11/2024 (2)
£8,000
First/Second
Residential- 4 flats
146.00
(1,571)
FOUR INDIVDUALS
Four leases each let for 125 years from 29/09/2002, each at £100 pa
£400
Total
176.30
(1,897)
£8,400
(1) Areas provided by VOA and EPC register (www.gov.uk/find-business-rates) (2) The proposed tenant has entered into an agreement for lease (dated 7th November 2024) with an agreed form of lease within the legal pack. The lease will commence 10 days after planning consent has been granted for a beauty salon, and the rent commencement date is 3 months after lease completion. The Seller will top-up the rent from completion of the sale until the end of the rent free period. The lease is subject to a tenant option to determine on 07/11/2026. A rent deposit of £666 (including VAT) is held by the landlord.
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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