Located within popular London suburb on Ewell Road (A240) adjacent to Sainsbury's Local
Within walking distance of Surbiton Rail (services to London Waterloo in less than 20 mins)
Lot 54
Auction 14th February 2018
Rent £15,000 per Annum Exclusive
Status Sold Post
Price
Sector High Street Retail
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
Property Information
Location
Miles
1.8 miles south of Kingston upon Thames, 12 miles south-west of Central London
Roads
A3, A309
Rail
Surbiton Rail Station (19 minutes to London Waterloo)
Air
London Heathrow
Situation
Surbiton is a popular suburb of London within the Royal Borough of Kingston upon Thames. The property is situated on the eastern side of Ewell Road (A240), the main route between Surbiton and the A3 and directly adjacent to Sainsbury’s Local. 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 from CCHP1 Limited for a term of 999 years from completion of the sale at a peppercorn rent.
Location
Miles
1.8 miles south of Kingston upon Thames, 12 miles south-west of Central London
Roads
A3, A309
Rail
Surbiton Rail Station (19 minutes to London Waterloo)
Air
London Heathrow
Situation
Surbiton is a popular suburb of London within the Royal Borough of Kingston upon Thames. The property is situated on the eastern side of Ewell Road (A240), the main route between Surbiton and the A3 and directly adjacent to Sainsbury’s Local. 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 from CCHP1 Limited for a term of 999 years from completion of the sale at a peppercorn rent.
Description
The property comprises a ground floor retail unit, forming part of a larger building. The upper parts, not included, comprise newly developed residential apartments. The unit benefits from secure car parking for 1 car.
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 a ground floor retail unit, forming part of a larger building. The upper parts, not included, comprise newly developed residential apartments. The unit benefits from secure car parking for 1 car.
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
Lot
Unit
Floor
Use
Floor Areas (approx)
Tenant
Term
Rent p.a.x
Reviews
54
149 and 1 Parking Space
Ground
Retail/Café
64.50 sq m
(700 sq ft)
VIRTUE DEVELOPMENTS LIMITED guaranteed by Livin Construction Limited
15 years from 12/01/2018 (2)
£15,000
12/01/2023 and 5 yearly
Total
64.50 sq m
(700 sq ft)
£15,000
(1) Livin Construction Ltd/Virtue Developments Limited are a construction company who were involved in the redevelopment of the residential upper parts of the building. Whilst they are not yet in occupation, they intend to relocate their offices to 145 Ewell Road and to run 149 Ewell Road as a café. (2) The lease provides an option to determine on the fifth anniversary of the term.
