Freehold Self-Contained Retail and Residential Investment
Retail unit with self-contained maisonette above
Forms part of an established retail parade in an affluent Surrey location
Located close to Hampton Court Palace and the River Thames
Nearby occupiers include Tesco Metro Supermarket, Carpetright, Subway and Lloyds TSB Bank
Lot 27
Auction 18th October 2012
Rent £15,100 per Annum Exclusive
Status Sold
Price £145,000
Sector High Street Retail
Auction Venue Millennium Hotel 39-44 Grosvenor Square London W1K 2HP
Property Information
Location
Miles
3 miles south-west of Kingston, 14 miles south-west of Central London, 17 miles north-east of Guildford
Roads
A3, B369, M3 & M25
Rail
Hampton Court
Air
Heathrow International Airport
Situation
The property is situated on the south side of Walton Road (B369) close to the junction with Spencer Road. The property benefits from its proximity to numerous local and national operators including Tesco Metro Supermarket, Carpetright, Subway and Lloyds TSB Bank which serve the surrounding residential area.
Tenure
Freehold.
Location
Miles
3 miles south-west of Kingston, 14 miles south-west of Central London, 17 miles north-east of Guildford
Roads
A3, B369, M3 & M25
Rail
Hampton Court
Air
Heathrow International Airport
Situation
The property is situated on the south side of Walton Road (B369) close to the junction with Spencer Road. The property benefits from its proximity to numerous local and national operators including Tesco Metro Supermarket, Carpetright, Subway and Lloyds TSB Bank which serve the surrounding residential area.
Tenure
Freehold.
Description
The property comprises a ground floor retail unit with residential accommodation on first and second floors to provide a self-contained maisonette which is accessed from the rear.
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 retail unit with residential accommodation on first and second floors to provide a self-contained maisonette which is accessed from the rear.
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
Lot
Unit
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Reviews/(Reversion)
27
134
Ground
Retail
58.53 sq m
(630 sq ft)
QUEEN ELIZABETH’S FOUNDATION FOR DISABLED PEOPLE (1)
10 years from 07/07/2005 on a full repairing and insuring lease
£15,000
07/07/2010 (06/07/2015)
188
First & Second
Residential
Not measured - 3 rooms, kitchen & bathroom
INDIVIDUAL
125 years from 25/12/1996 £100
£100
25/12/2029 and 33 yearly (2) (24/12/2121)
Totals
58.53 sq m
(630 sq ft)
£15,100
(1) The Queen Elizabeth’s Foundation for Disabled People was founded in 1934 to enable and support disabled people to increase independence and improve life skills. In 1934 the charity supported 16 individuals, today it serves more than 1,000 people each year. They currently have 13 shops in Surrey and Middlesex (Source: www.qef.org.uk 13/09/2012). (2) Under the terms of the lease, the rent will be reviewed to £200 p.a. on 25th December 2029, £300 p.a. on 25th December 2062 and £400 p.a. from 25th December 2095 until expiry.
Contacts
Associate Auctioneers
Lewis & Partners 15-19 Cavendish Place London W1G OQE
