10 Church Street
Weybridge
Surrey
KT13 8DX

Freehold Retail & Office/Commercial Investment with Development Potential & Car Parking (1)

  • Two Large Shops with Separately Accessed Pilates Studio & Offices Above
  • Approximately 1,064.30 sq m (11,456 sq ft) plus Large Site to the Rear with Parking
  • Development & Change of Use Opportunity on Upper Parts & Rear Site
  • Potential Residential Conversion/Development of the Upper Floors - Previous Lawful Certificate from Elmbridge Council for Change of Use of Rear 1st Floor for Two Flats (1)
  • Affluent & Popular Surrey Town
  • VAT-Free Investment
  • Lot
    12
  • Auction
    13/Dec/2021
  • Rent
    £183,300 per Annum Exclusive
  • Status
    Available
  • Price*
    £2,500,000 - £2,750,000
  • Sector
    High Street Retail/Residential/Development
  • Auction Venue
    Live Streamed Auction
  • 10 Church Street, Weybridge, Surrey, KT13 8DX
  • Expand
  • Photos
  • Map

* More information on the term "price" can be found here

Property Information

Location
Miles
2 miles south west of Walton on Thames
16 miles north-east of Guildford
20 miles south-west of Central London
Roads
A3, M3, M25
Rail
Weybridge Railway Station
(to London Waterloo in 35 minutes)
Air
London Heathrow and London Gatwick
Situation

Weybridge is an affluent Surrey commuter town located some 20 miles south-west of Central London and 16 miles north east of Guildford. Weybridge Railway Station provides direct links to London Waterloo (35 minutes). The property is located in a prime trading position on the north side of Church Street, close to its junction with Baker Street. Nearby retailers including Starbucks, WH Smith, Caffe Nero, Robert Dyas, Betfred, Natwest & Lloyds banks and a variety of specialist retailers. One of the town's main car parks in located close by on Churchfield Road.

Tenure

Freehold.

Description

Two large shops arranged on the ground floor with a separately accessed Pilates Studio on the part first floor (front) and three office suites on the second floor, used by the Pilates Studio and a Physiotherapist. The property benefits from additional rear first floor ancillary accommodation, which is not currently used or let, where there was previous consent for two flats (see footnote (1) ''Planning''). Access to this accommodation is via a rear staircase. To the rear, the property also benefits from a large loading area, together with 15 car parking spaces. Access to the rear loading area is via Holstein Avenue.

VAT

VAT is not applicable to this lot.

Planning

(1) Application No: 2016/2662 - Lawful Development Certificate granted by Elmbridge Borough Council in October 2016 for change of use of first floor to create 2 flats with retail use to remain on the ground floor. The property may benefit from further future redevelopment for a variety of uses, subject to necessary consents. Interested Parties are referred to Elmbridge Borough Council - www.elmbridge.gov.uk.

Completion Period

6 Week Completion Available

EPC

See Legal Pack at www.acuitus.co.uk

Tenancy & Accommodation

AddressFloorUseFloor Areas (Approx)TenantTermRent p.a.xReview
10aGroundRetail
386.18 sq m
(4,157 sq ft)
NEPTUNE
WEYBRIDGE LIMITED
t/a Neptune (2)
20 years from
18/05/2015 (3)
£85,00018/05/2025 &
18/05/2030
10bGroundRetail
148.82 sq m
(1,602 sq ft)
AND SO TO BED
LIMITED (4) t/a And So
To Bed London
10 years from
4/11/2016 (5)
£52,50004/11/2021
 First (Front)Office/
Pilates Studio
197.88 sq m
(2,130 sq ft)
PILATES WORKS
STUDIO LIMITED
t/a Pilates Works
Studio
10 years from
4/09/2018 (6)
£25,00003/09/2023
 First (Rear)Ancillary
167.22 sq m
(1,800 sq ft)
VACANT (See footnote
(1)-Planning)
---
Suite 1SecondOffice/
Pilates Studio
55.92 sq m
(602 sq ft)
PILATES WORKS
STUDIO LIMITED
t/a Pilates Works
Studio
10 years from
4/09/2018 (6)
£6,60003/09/2023
Suite 2 SecondOffice/
Physiotherapist
56.00 sq m
(603 sq ft)
TWOTENOFOUR
INVESTMENTS
LIMITED
t/a Weybridge &
Walton Physiotherapy
10 years from
4/09/2018 (6)
£6,60003/09/2023
Suite 3 SecondOffice/
Physiotherapist
52.20 sq m
(562 sq ft)
TWOTENOFOUR
INVESTMENTS
LIMITED
t/a Weybridge &
Walton Physiotherapy
Approx. 7 years &
3 months from
26/05/2021 (6)
£7,60003/09/2023
Total
1,064.30 sq m
(11,456 sq ft)  183,300 

(2) Interior design specialists with 30 shops, including Bath, Cambridge, Knutsford & Paris (Source: www.neptune.com)
(3) The lease is subject to a tenant option to determine on 17th May 2025.
(4) Founded more than 40 years ago, with 20 stores including Chelsea (Kings Road), Richmond-upon-Thames, Cheltenham, Oxford, Harrogate & Tunbridge Wells. (Source: www.andsotobed.co.uk)
(5) Tenant option to determine lease on 3rd November 2021 NOT activated.
(6) The lease is subject to a tenant option to determine on 3rd September 2023.

If you are the successful bidder, Acuitus requires a separate payment of £1,000 inclusive of VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.

Due to the current restrictions in movement throughout the UK, the property may not have been inspected by Acuitus. Some photographs may not be current and these will be dated where this is the case. Plans showing nearby occupiers and mention of nearby occupiers may reflect a dated situation as some tenants are not currently in occupation. Floor areas and accommodation details are likely to have been obtained from VOA.Gov.UK and the Vendor.

Property Documents

  • Solicitors Legal Pack
    Updated Date
    03.12.21
    File Size
    44 MB
    Login to View
  • Catalogue Page
    Updated Date
    23.11.21
    File Size
    2 MB
    View PDF
  • Site Plan
    Updated Date
    23.11.21
    File Size
    883 KB
    View PDF
  • Common Auction conditions
    Updated Date
    10.06.21
    File Size
    168 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
Peter MayoPeter Mayo +44 (0)20 7034 4864 +44 (0)7833 459318Peter.mayo@acuitus.co.uk
Associate Auctioneers
Curchod & Co LLP Morris House, 34 Commercial Way,
Woking,
Surrey,
GU21 6EN
01932 854 370
Ian Oswin 01932 823 610ioswin@curchodandco.com
Seller's Solicitors
Kidd Rapinet Ground Floor Walker House George Street
Aylesbury
Bucks
HP20 2HU
Andrew Hawkins 01296 432541ahawkins@kiddrapinet.co.uk

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