Units 1, 2, & 4, 366 - 370 Ewell Road
Tolworth, near Surbiton
Greater London
KT6 7AZ

Prominently Located Retail Parade in Affluent Greater London Suburb

  • Let to Sainsbury’s Local and HSL Chairs (plus small vacant shop)
  • Sainsbury’s let until 2028 (subject to option) and HSL Chairs let until 2033 (subject to option) - both with RPI linked rent reviews
  • Nearby occupiers include Marks & Spencer, Boots the Chemist, B&M Bargains, Iceland, William Hill and WH Smith
  • Modern development on main road in popular and well-known South West London suburb
  • Lot
    14
  • Auction
    24/May/2018
  • Rent
    £172,500 per Annum Exclusive
  • Status
    Withdrawn Post
  • Price*
     
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On Behalf of CBRE Receivers
  • Units 1, 2, & 4, 366 - 370 Ewell Road<br>Tolworth, near Surbiton<br>Greater London<br>KT6 7AZ
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  • Map

Property Information

Location
Miles
2 miles south of Kingston upon Thames, 10 miles south-west of Central London
Roads
A3, A240, A243
Rail
: Tolworth Railway Station (980m away), Surbiton Railway Station (1,400m away)
Air
London Heathrow Airport
Situation

The property is prominently situated on the corner of Ewell Road and Red Lion Road, the main road leading to Kingston upon Thames from the A3. Nearby occupiers include Marks & Spencer, Boots the Chemist, B&M Bargains, Iceland, William Hill and WH Smith.

Tenure

Virtual Freehold. To be held for a term of 999 years from completion each at a fixed rent of £350 per annum.

Description

The property comprises a large retail parade (forming part of a larger building), comprising a convenience store and three shops. Units 1 and 2 (Sainsbury’s and HSL Chairs) benefit from demised parking (10 and 5 spaces respectively).
Please note: Unit 3 (vacant shop) will be offered as lot 15.

VAT

VAT is applicable to this lot.

Note

This property is being marketed for sale on behalf of Fixed Charge Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Fixed Charge Receivers to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Fixed Charge Receivers are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.

Completion Period

Six Week Completion

Tenancy & Accomodation

LotUnitFloorUseFloor Areas (Approx)TenantTermRent p.a.xReviews
141




2



4
Ground




Ground



Ground
Retail




Retail



Retail
430.42 sq m




358.98 sq m



64.38 sq m
(4,633 sq ft)




(3,864 sq ft)



(693 sq ft)
SAINSBURY’S
SUPERMARKETS
LIMITED (1) t/a
Sainsbury’s Local

HIGH SEAT
LIMITED
t/a HSL Chairs (4)


VACANT
15 years from
17/12/2013 until
16/12/2028 (2)


20 years from
05/11/2013 until
04/11/2033 (5)

-
£81,000




£91,500



-
17/12/2018 (3)




RPI linked reviews on
05/11/2018 and five yearly
thereafter (6)

-

(1) For the year ending 11th March 2017, Sainsbury’s Supermarkets Limited reported a turnover of £23,234,000,000, pre-tax profits of £342,000,000 and a total net worth of £4,353,000,000 (Source: Experian Group 25/04/2018).
(2) The lease is subject to a tenant option to determine on 17th December 2023.
(3) The rent is reviewed to RPI capped and collared at 1.05% and 1.18% per annum and compounded.
(4) HSL was founded in 1968 and provide quality handcrafted furniture. They now operate from 58 stores nationwide. For the year ending 31st December 2016, High Seat Limited reported a turnover of £51,792,997, pre-tax profits of £2,467,750 and a total net worth of £5,680,430 (Sources: www.hslchairs.com and Experian Group 25/04/2018).
(5) The lease provides for a tenant option to determine on 5th November 2025.
(6) The rent is reviewed to CPI capped and collared at 1.5% and 3.5% per annum and compounded five yearly.

Property Documents

  • Site Plan
    Updated Date
    02.05.18
    File Size
    1 MB
    View PDF
  • Catalogue Page
    Updated Date
    02.05.18
    File Size
    2 MB
    View PDF
  • Common Auction conditions
    Updated Date
    27.03.17
    File Size
    124 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
David MargolisDavid Margolis +44 (0)20 7034 4862 +44 (0)7930 484 440david.margolis@acuitus.co.uk
George WatkinsGeorge Watkins +44 (0)20 7034 4861george.watkins@acuitus.co.uk
Seller's Solicitors
Glovers Solicitors LLP 6 York Street
London
W1U 6QD
John Mills 0207 935 8882jmills@glovers.co.uk

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