Let to Walton Plating Limited, inoccupation for over 50 years
10,819 sq ft on a site of approx 0.29 acres
Asset Management/Development Opportunity (subject to consents)
Lot 7
Auction 31st March 2022
Rent £45,360 per Annum
Status Sold
Price £880,000
Sector Industrial/Warehouse
Auction Venue Live Streamed Auction
On Instructions of Network Rail
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, 1.5 miles east of Weybridge, 2.5 miles west of Esher and 20 miles south-west of Central London. The property is situated in a prominent position on the west side of Ashley road (B365) close to its junction with Queens Road (A317), 0.5 miles west of Walton on Thames railway station. Ashley road connects to the town centre within 1 mile to the north. The property is adjacent to Cleves School playing fields and opposite Ashley Road which comprises a modern residential street.
Tenure
Freehold. Please note that the site is currently unregistered however the Seller's solicitors have submitted an application to register the property. A copy of the pre-registration deeds will be available to view in the solicitor's legal pack.
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, 1.5 miles east of Weybridge, 2.5 miles west of Esher and 20 miles south-west of Central London. The property is situated in a prominent position on the west side of Ashley road (B365) close to its junction with Queens Road (A317), 0.5 miles west of Walton on Thames railway station. Ashley road connects to the town centre within 1 mile to the north. The property is adjacent to Cleves School playing fields and opposite Ashley Road which comprises a modern residential street.
Tenure
Freehold. Please note that the site is currently unregistered however the Seller's solicitors have submitted an application to register the property. A copy of the pre-registration deeds will be available to view in the solicitor's legal pack.
Description
The property comprises ground floor industrial workshops, offices and storage accommodation arranged on a site of 0.117 hectares (0.29 acres).
Planning
The property may benefit from future redevelopment for a variety of uses, subject to necessary consents/permissions and the current tenancies. Interested Parties are referred to Elmbridge London Council - www.elmbridge.gov.uk - 01372 474 474
Note
The property will be subject to a provision that entitles the Seller to 50% of any uplift in value if sold within five years for residential redevelopment. Please see the legal pack for further details.
Completion Period
6 week completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises ground floor industrial workshops, offices and storage accommodation arranged on a site of 0.117 hectares (0.29 acres).
Planning
The property may benefit from future redevelopment for a variety of uses, subject to necessary consents/permissions and the current tenancies. Interested Parties are referred to Elmbridge London Council - www.elmbridge.gov.uk - 01372 474 474
Note
The property will be subject to a provision that entitles the Seller to 50% of any uplift in value if sold within five years for residential redevelopment. Please see the legal pack for further details.
Completion Period
6 week completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx sq m)
Floor Areas (Approx sq ft)
Tenant
Term
Rent p.a.x.
Rent Review (Reversion)
Ground
Industrial/Office & Storage
1,005.10 sq m
(10,819 sq ft)
WALTON PLATING LIMITED (1)
21 years from 24/06/2004
£45,360
24/06/2022 (23/06/2025)
Total
1,005.10 sq m
(10,819 sq ft)
£45,360
Walton Plating Limited are a " Surface Treatment Specialists, family company who have been established for over 70 years. Based in Surrey, Walton Plating Ltd services the Aerospace sector both Military and Commercial, together with Motorsport sectors." (Source : www.waltonplating.co.uk)
If you are the successful bidder, Acuitus requires a separate payment of £1,250+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.
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