12, 14 and 16 High Street Walton on Thames Surrey KT12 1DA

12, 14 and 16 High Street
Walton on Thames
Surrey
KT12 1DA

  • 12, 14 and 16 High Street<br>Walton on Thames<br>Surrey<br>KT12 1DA

Prime Retail and Residential Development Opportunity*

  • Major Development opportunity in the heart of Walton Town Centre
  • Affluent South-West London Location
  • Strategic position between The Heart Shopping Centre and Bridge Street
  • Extensive rear yard
  • Comprises approximately 725.67 sq m (7,811 sq ft) and occupies a site of 0.09 ha (0.23 acres)
  • Development Opportunity for Alternative Uses (subject to consents)
  • Immediate Asset Management Opportunities
  • Lot
    19
  • Auction
    18/May/2022
  • Vacant Possession
  • Status
    Sold Prior
  • Price*
     
  • Sector
    Development
  • Auction Venue
    Live Streamed Auction
  • On Instructions of Administrators
  • Expand
  • Photos
  • Map

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

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 on the southern side of High Street, directly opposite McDonalds and between both entrances to The Heart Shopping Centre which includes retailers such as Sainsbury's, Next, Starbucks, Sports Direct and Pure Gym. Other nearby retailers include Santander, Boots, Halifax, Aldi and Wilko.

Tenure

Long Leasehold. The property is held on a Long Lease from the Institution of Mechanical Engineers for a term of 999 years from 25th March 1936 at a rent of £525 pa. On 8th June 2014, the headlease was varied, via a deed of variation, to allow alterations and development of the property and to widen the user clause. Vehicle right to access to the rear was also obtained. Further details available within the 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 on the southern side of High Street, directly opposite McDonalds and between both entrances to The Heart Shopping Centre which includes retailers such as Sainsbury's, Next, Starbucks, Sports Direct and Pure Gym. Other nearby retailers include Santander, Boots, Halifax, Aldi and Wilko.

Tenure

Long Leasehold. The property is held on a Long Lease from the Institution of Mechanical Engineers for a term of 999 years from 25th March 1936 at a rent of £525 pa. On 8th June 2014, the headlease was varied, via a deed of variation, to allow alterations and development of the property and to widen the user clause. Vehicle right to access to the rear was also obtained. Further details available within the legal pack.

Description

The property comprises ground floor retail units with self contained access to first and second floor ancillary accommodation. There is an extensive yard to the rear. The entire site extends to some 0.09 ha (0.23 acres).

VAT

VAT is applicable to this lot.

Planning

A positive pre app response was received for redeveloping the site into a 25,200 sq ft building comprising 26 new residential units and a 2,750 sq. ft. ground floor retail unit. Further information available within the Legal Pack. Further enquiries can be made with Elmbridge Borough Council on 01372 474474 or visit www.elmbridge.gov.uk/planning

Note

*Contracts have been exchanged for the sale of the property although, in the event the sale does not complete on or before 6 May 2022, the contract will be rescinded and the property will continue to be listed in the auction. This property is being marketed for sale on behalf of Joint Administrators and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Joint Administrators to the best of their knowledge, but the purchaser must rely solely upon their own enquiries. The Joint Administrators are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.

Completion Period

6 week completion available.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property comprises ground floor retail units with self contained access to first and second floor ancillary accommodation. There is an extensive yard to the rear. The entire site extends to some 0.09 ha (0.23 acres).

VAT

VAT is applicable to this lot.

Planning

A positive pre app response was received for redeveloping the site into a 25,200 sq ft building comprising 26 new residential units and a 2,750 sq. ft. ground floor retail unit. Further information available within the Legal Pack. Further enquiries can be made with Elmbridge Borough Council on 01372 474474 or visit www.elmbridge.gov.uk/planning

Note

*Contracts have been exchanged for the sale of the property although, in the event the sale does not complete on or before 6 May 2022, the contract will be rescinded and the property will continue to be listed in the auction. This property is being marketed for sale on behalf of Joint Administrators and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Joint Administrators to the best of their knowledge, but the purchaser must rely solely upon their own enquiries. The Joint Administrators are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.

Completion Period

6 week completion available.

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
Ground Retail
272.12
(2,929)
Vacant
First Ancillary
302.96
(3,261)
Vacant
Second Ancillary
150.59
(1,621)
Vacant
Total  
725.67
(7,811)
 

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.

Property Documents

  • Solicitors Legal Pack
    Updated Date
    29.04.22
    File Size
    165 KB
    Login to View
  • Brochure
    Updated Date
    03.05.22
    File Size
    3 MB
    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
Charlie PowterCharlie Powter +44 (0)20 7034 4853 +44 (0)7768 120 904charlie.powter@acuitus.co.uk
Jon SkerryJon Skerry +44 (0)20 7034 4863 +44 (0)7736 300 594jon.skerry@acuitus.co.uk
Seller's Solicitors
Shoosmiths LLP (Manchester) The Xyz Building, 2 Hardman Boulevard, , Spinningfields
Manchester
Lancashire
M3 3AZ
Bethan Moore 03700 865 573 Bethan.Moore@shoosmiths.co.uk

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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