145 Ewell Road Surbiton Kingston upon Thames KT6 6AW

145 Ewell Road
Surbiton
Kingston upon Thames
KT6 6AW

Retail Investment in Popular London Suburb

Retail unit with secure car parking
Let on new 15 year leases (subject to option)
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
55
Auction
14th February 2018
Rent
£23,500 per Annum Exclusive
Status
Sold
Price
£275,000
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

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Retail Investment in Popular London Suburb

Retail unit with secure car parking
Let on new 15 year leases (subject to option)
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 55
Auction 14th February 2018
Rent £23,500 per Annum Exclusive
Status Sold
Price £275,000
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

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 property benefits from secure car parking for 2 cars.

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

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
55	145 and 2 Parking Spaces	Ground	Retail	129.50 sq m	(1,400 sq ft)	LIVIN CONSTRUCTION LIMITED (3)	15 year lease renewal from 12/01/2018 (2)	£23,500	12/01/2023 and 5 yearly
Total				129.50 sq m	(1,400 sq ft)			£23,500

(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.