Acqua Kitchens, Units 2 and 3, 40 to 48 Brighton Road Surbiton London KT6 5PL

Acqua Kitchens, Units 2 and 3, 40 to 48 Brighton Road
Surbiton
London
KT6 5PL

Virtual Freehold Investment

Double fronted ground floor retail unit
Let to Acqua Kitchens Limited until 2029
The property benefits from rear service yard and car parking which is accessed from Cottage Grove.
Within walking distance of Surbiton Rail Station (services to London Waterloo in less than 20 minutes)

Lot
5
Auction
12th December 2024
Rent
£36,000 per Annum
Status
Sold
Price
£407,000
Auction Venue
Live Streamed Auction

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Virtual Freehold Investment

Double fronted ground floor retail unit
Let to Acqua Kitchens Limited until 2029
The property benefits from rear service yard and car parking which is accessed from Cottage Grove.
Within walking distance of Surbiton Rail Station (services to London Waterloo in less than 20 minutes)

Lot 5
Auction 12th December 2024
Rent £36,000 per Annum
Status Sold
Price £407,000
Sector
Retail
Auction Venue
Live Streamed Auction

Property Information

Location

Miles: 1.8 miles from Kingston upon Thames, 13 miles from Central London
Roads: A3, A309, A243
Rail: Surbiton Rail Station (19 minutes to London Waterloo)
Air: London Heathrow Airport

Situation

Surbiton is a popular suburb of London within the Royal Borough of Kingston upon Thames. The property is situated near the corner of Brighton Road and Cottage Grove. The local area provides a mix of independent retailers, restaurants, cafés and office occupiers. Surbiton Rail Station is within walking distance and provides regular services to London Waterloo.

Tenure

Virtual Freehold. Held for a term of 999 years from completion of the sale at a peppercorn rent

Location

Miles: 1.8 miles from Kingston upon Thames, 13 miles from Central London
Roads: A3, A309, A243
Rail: Surbiton Rail Station (19 minutes to London Waterloo)
Air: London Heathrow Airport

Situation

Tenure

Virtual Freehold. Held for a term of 999 years from completion of the sale at a peppercorn rent

Description

The property comprises a double fronted ground floor retail unit, which forms part of a larger residential building that is not included in the sale.

The property benefits from a rear service yard and car parking with two designated car spaces, which can be accessed via Cottage Grove.

VAT

VAT is not applicable to this lot.

EPC

Band C

Description

VAT

VAT is not applicable to this lot.

EPC

Band C

Tenancy & Accommodation

Floor	Use	Floor Areas Approx sq m	Floor Areas Approx sq ft	Tenant	Term	Rent p.a.x.	Reversion
Ground Floor	Retail	133.44	1,436	Acqua Kitchens Limited (CRN: 06309567)(1)	15 years from 15th September 2014 (3)	£36,000	14th September 2029
Total Approximate Floor Area		133.44 (2)	1,436 (2)			£36,000

(1)Acqua Kitchens is a supplier of bespoke German-made kitchens with 3 showrooms across the surrey area. See https://www.acquakitchens.co.uk/about-acqua/
Acqua Kitchens Limited (CRN: 06309567) were incorporated in July 2007 and for the year ending 3st March 2023 reported Fixed Assets of £400,483 and Total Net Assets of £98,048 (Source: Mirco-entity Accounts as published at Companies House).
(2) The floor areas stated above are those published by the Valuation Office Agency at https://www.tax.service.gov.uk/business-rates-find/valuations/start/559794084
(3) The property is let for a term of 15 year from 15 years from 15th September 2014 until 14th September 2029 by virtue of a lease from a term of 10 years from 15th September 2014 until 14th September 2024 and a supplemental agreement to extend the lease until 14th September 2029.

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.