Retail let on a new 10 year lease until 2026 (no breaks)
Affluent south-west London University town some 11 miles from Central London
Town centre location close to The Bentall Shopping Centre
Nearby occupiers include John Lewis Department Store, Waitrose, Cath Kidston and Next
For the Seller's Legal Pack, please click the Property Documents tab below
Lot 7
Auction 8th December 2016
Rent £55,750 per Annum Exclusive
Status Sold
Price £800,000
Sector High Street Retail
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
Property Information
Location
Miles
11 miles south-west of Central London, 4 miles south of Richmond, 7 miles south-west of Clapham
Roads
A3, A307
Rail
Kingston Railway Station, Hampton Wick Railway Station
Air
London Heathrow Airport, London Gatwick Airport, London City Airport
Situation
Royal Kingston upon Thames is an affluent south-west London suburb some four miles south of Richmond. The town benefits from being a major regional shopping destination and a university town. The property is situated on the east side of Thames Street which connects Market Place in the south to John Lewis department store, some 20 metres to the north. The Bentall Shopping Centre is situated some 130 metres to the east and neighbouring occupiers include Waitrose, Cath Kidston, Next and Jack Wills.
Tenure
Freehold.
Location
Miles
11 miles south-west of Central London, 4 miles south of Richmond, 7 miles south-west of Clapham
Roads
A3, A307
Rail
Kingston Railway Station, Hampton Wick Railway Station
Air
London Heathrow Airport, London Gatwick Airport, London City Airport
Situation
Royal Kingston upon Thames is an affluent south-west London suburb some four miles south of Richmond. The town benefits from being a major regional shopping destination and a university town. The property is situated on the east side of Thames Street which connects Market Place in the south to John Lewis department store, some 20 metres to the north. The Bentall Shopping Centre is situated some 130 metres to the east and neighbouring occupiers include Waitrose, Cath Kidston, Next and Jack Wills.
Tenure
Freehold.
Description
The property comprises retail accommodation on the ground floor with basement ancillary accommodation and three residential flats on the first to third floors.
VAT
VAT is applicable to this lot.
Completion Period
Six Week Completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises retail accommodation on the ground floor with basement ancillary accommodation and three residential flats on the first to third floors.
VAT
VAT is applicable to this lot.
Completion Period
Six Week Completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Review
Ground Basement
Retail Ancillary
51.13 sq m 32.80 sq m
(550 sq ft) (353 sq ft)
STAGSIDE LIMITED (1) (2)
10 years from 07/01/2016 until 2026
£55,000
07/01/2021
First, Second & Third
Residential
3 x residential flats
INDIVIDUALS (3)
125 years from 29/09/2015
£750
Total Commercial Area
83.93 sq m
(903 sq ft)
£55,750
(1) The commercial tenant has sublet the property at £2,000 per week. (2) The seller is holding a £27,500 rent deposit. (3) The seller has served a notice on the residential tenants, pursuant to Section 5B of the Landlord and Tenant Act 1987.
