Prime Freehold Retail Investment with Residential Development Opportunity
Entirely let to TCCT Retail Limited (t/a Thomas Cook)
Planning permission recently granted (June 2019) for extension, alteration and partial change of use, to create three flats (2 x one bed circa 600 sq ft each, and 1 x two bed circa 900 sq ft) and rear garden space and side/rear terraces over first and second floors
Adjacent to Boots the Chemist
Directly opposite The Heart Shopping Centre, which includes retailers such as Sainsbury's, Next, Jigsaw, Carluccio's, Roche Bobois and The Body Shop
Highly affluent Surrey commuter town
Of interest to investors and developers
Lot 24
Auction 11th July 2019
Rent £26,300 per Annum Exclusive
Status Sold Prior
Price
Sector High Street Retail
Auction Venue The Montcalm Hotel 2 Wallenberg Place London W1H 7TN
Prime Freehold Retail Investment with Residential Development Opportunity
Entirely let to TCCT Retail Limited (t/a Thomas Cook)
Planning permission recently granted (June 2019) for extension, alteration and partial change of use, to create three flats (2 x one bed circa 600 sq ft each, and 1 x two bed circa 900 sq ft) and rear garden space and side/rear terraces over first and second floors
Adjacent to Boots the Chemist
Directly opposite The Heart Shopping Centre, which includes retailers such as Sainsbury's, Next, Jigsaw, Carluccio's, Roche Bobois and The Body Shop
Highly affluent Surrey commuter town
Of interest to investors and developers
Lot 24
Auction 11th July 2019
Rent £26,300 per Annum Exclusive
Status Sold Prior
Price
Sector High Street Retail
Auction Venue The Montcalm Hotel 2 Wallenberg Place London W1H 7TN
Property Information
Location
Miles
7 miles south-west of Twickenham
14 miles north-east of Guildford
20 miles south-west of Central London
Roads
A244, A308, M3, M4, M25
Rail
Walton-on-Thames
Air
London Heathrow Airport
Situation
Walton-on-Thames is an affluent and historic market town in Surrey, 20 miles south-west of Central London. The property is situated in a prime trading position on the northern side of High Street, directly opposite The Heart Shopping Centre which includes retailers such as Sainsbury's, Next, Jigsaw, Carluccio's, Roche Bobois and The Body Shop. Other nearby retailers on High Street include WHSmith, Boots the Chemist, Caffè Nero and McDonald's.
Tenure
Freehold.
Location
Miles
7 miles south-west of Twickenham
14 miles north-east of Guildford
20 miles south-west of Central London
Roads
A244, A308, M3, M4, M25
Rail
Walton-on-Thames
Air
London Heathrow Airport
Situation
Walton-on-Thames is an affluent and historic market town in Surrey, 20 miles south-west of Central London. The property is situated in a prime trading position on the northern side of High Street, directly opposite The Heart Shopping Centre which includes retailers such as Sainsbury's, Next, Jigsaw, Carluccio's, Roche Bobois and The Body Shop. Other nearby retailers on High Street include WHSmith, Boots the Chemist, Caffè Nero and McDonald's.
Tenure
Freehold.
Description
The property comprises a two storey building arranged as a ground floor shop with first floor ancillary accommodation.
VAT
VAT is applicable to this lot.
Planning
The property benefits from recently approved full planning permission for the extension, alteration and partial change of use of the existing two-storey A1 use building to create a three-storey A1/C3 (residential) use building, incorporating 3 flats and side and rear terraces (Ref: 2018/3228).
For further information please see contact Elmbridge Borough Council on 01372 474474 or visit www.elmbridge.gov.uk/planning
EPC
Available from the legal pack at acuitus.co.uk
Description
The property comprises a two storey building arranged as a ground floor shop with first floor ancillary accommodation.
VAT
VAT is applicable to this lot.
Planning
The property benefits from recently approved full planning permission for the extension, alteration and partial change of use of the existing two-storey A1 use building to create a three-storey A1/C3 (residential) use building, incorporating 3 flats and side and rear terraces (Ref: 2018/3228).
For further information please see contact Elmbridge Borough Council on 01372 474474 or visit www.elmbridge.gov.uk/planning
EPC
Available from the legal pack at acuitus.co.uk
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Ground First
Retail Ancillary
72.96 sq m 24.80 sq m
(785 sq ft) (267 sq ft)
TCCT RETAIL LIMITED (1) t/a Thomas Cook
5 years from 02/10/2013 expiring 01/10/2018 on a full repairing and insuring lease (holding over) (2)
£26,300
Total
97.76 sq m
(1,052 sq ft)
£26,300
(1) For the year ending 30th September 2017, TCCT Retail Limited reported a turnover of £257,777,000 (Source: Experian Group 14/06/2019). Thomas Cook became an international travel company in 1841 and is now the world's best known travel company and has over 450 stores across the UK (Source: thomascook.com 14/06/2019). (2) The tenant served notice on 29/08/2018 requesting a new lease. The landlord opposed the request for a new lease on redevelopment grounds and the tenant is currently in occupation and holding over.
