Freehold Retail and Leisure Investment with Potential
Majority let on a new 20 year lease (subject to option) with guarantee to tenant t/a Taco Bell
Self-contained gym on first and second floors with future residential development potential (subject to consents)
Prominent position in Woking Town Centre
Nearby occupiers include McDonald's (adjacent), Nando's, J D Wetherspoon and KFC
Lot 59
Auction 13th July 2017
Rent £72,083 per Annum Exclusive
Status Sold
Price £1,230,000
Sector High Street Retail
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
Property Information
Location
Miles
7 miles north of Guildford, 23 miles south-west of Central London
Roads
A3, M25 (Junction 10/11)
Rail
Woking Railway Station (25 min to London Waterloo)
Air
London Heathrow Airport, London Gatwick Airport
Situation
The property is situated in a prominent position on the east side of Chertsey Road and opposite its junction with Chobham Road in Woking town centre. Nearby occupiers include McDonald's (adjacent), Nando's, J D Wetherspoon and KFC. Woking Railway Station is some 100 metres to the south which provides direct access to London Waterloo in 25 minutes.
Tenure
Freehold.
Location
Miles
7 miles north of Guildford, 23 miles south-west of Central London
Roads
A3, M25 (Junction 10/11)
Rail
Woking Railway Station (25 min to London Waterloo)
Air
London Heathrow Airport, London Gatwick Airport
Situation
The property is situated in a prominent position on the east side of Chertsey Road and opposite its junction with Chobham Road in Woking town centre. Nearby occupiers include McDonald's (adjacent), Nando's, J D Wetherspoon and KFC. Woking Railway Station is some 100 metres to the south which provides direct access to London Waterloo in 25 minutes.
Tenure
Freehold.
Description
The property comprises a ground floor retail unit with basement ancillary accommodation together with a self-contained gym on the first and second floors accessed from Chertsey Road.
VAT
VAT is 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 basement ancillary accommodation together with a self-contained gym on the first and second floors accessed from Chertsey Road.
VAT
VAT is applicable to this lot.
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/(Reversion)
Ground Basement
Retail Ancillary
175.58 sq m 13.00 sq m
(1,890 sq ft) (140 sq ft)
T BELLO GROUP LIMITED t/a Taco Bell guaranteed by Caskade Caterers Limited (1)
20 years from 31/03/2017 until 2037 (2)
£55,000 (3)
31/03/2022 and 5 yearly
First Second
Gym Gym
127.74 sq m 60.85 sq m
(1,375 sq ft) (655 sq ft)
DC INDUSTRIES LTD t/a Beatbox Gym
5 years from 25/12/2016
£17,083.33
(24/12/2021)
Totals
377.17 sq m
(4,060 sq ft)
£72,083.33
(1) Caskade Caterers Limited was incorporated in 1984 and for the year ending 30th November 2015, reported a turnover of £28,193,699, pre-tax profits of £2,473,357 and a total net worth of £4,287,383 (Source: www.riskdisk.com 15/06/2017). (2)The lease provides for a tenant option to determine the lease on 30th March 2027. (3) The lease allows for a rent free period until September 2017. The tenant is due to start fit out imminently.
