Nearby occupiers include Waitrose, Boots the Chemist, WHSmith, Caffè Nero, Fat Face, White Stuff and Space NK Apothecary
Affluent Surrey commuter town
VAT-free Investment
Lot 7
Auction 14th February 2018
Rent £53,140 per Annum Exclusive
Status Sold
Price £930,000
Sector High Street Retail
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
Property Information
Location
Miles
16 miles north-east of Guildford, 20 miles south-west of Central London
Roads
A3, M3, M25
Rail
Weybridge Railway Station
Air
London Heathrow and London Gatwick Airports
Situation
Weybridge is an affluent Surrey commuter town located some 20 miles south-west of Central London. The property is located in a prime trading position on the southern side of High Street, close to its junction with Elmgrove Road and east of Church street and north of Baker Street. Space NK Apothecary is adjacent to the property, with other nearby retailers including Waitrose, Boots the Chemist, WHSmith, Caffè Nero, Fat Face and White Stuff, with Prezzo, Pizza Express and Morrisons also represented within the town.
Tenure
Freehold.
Location
Miles
16 miles north-east of Guildford, 20 miles south-west of Central London
Roads
A3, M3, M25
Rail
Weybridge Railway Station
Air
London Heathrow and London Gatwick Airports
Situation
Weybridge is an affluent Surrey commuter town located some 20 miles south-west of Central London. The property is located in a prime trading position on the southern side of High Street, close to its junction with Elmgrove Road and east of Church street and north of Baker Street. Space NK Apothecary is adjacent to the property, with other nearby retailers including Waitrose, Boots the Chemist, WHSmith, Caffè Nero, Fat Face and White Stuff, with Prezzo, Pizza Express and Morrisons also represented within the town.
Tenure
Freehold.
Description
The property comprises a ground floor shop with two self-contained flats on the first and second floors, both of which underwent a refurbishment programme about five years ago.
VAT
VAT is not 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 a ground floor shop with two self-contained flats on the first and second floors, both of which underwent a refurbishment programme about five years ago.
VAT
VAT is not 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
Ground
Retail/Ancillary
99.03 sq m
(1,066 sq ft)
HOLLAND & BARRETT LIMITED (1)
10 years from 03/08/2011
£34,000
First
Residential - One bedroom flat
40.97 sq m (2)
(441 sq ft)
TWO INDIVIDUALS
AST for 1 year from 10/05/2017 at £795 pcm
£9,540 (3)
Second
Residential - One bedroom flat
40.97 sq m (2)
(441 sq ft)
INDIVIDUAL
AST for 1 year from 15/08/2017 at £800 pcm
£9,600 (3)
Total Area
180.97 sq m
(1,948 sq ft)
£53,140 (3)
(1) Holland & Barrett have over 145 years of industry experience and are of the world’s leading health and wellness retailers and the largest in Europe. They operate from over 1,360 stores around the world, with a presence in 16 country markets (Source: www.hollandandbarrett.com 16/01/2018). (2) Gross Internal Area. (3) Annual equivalent rent.
