Thyme at the Tavern 20 London Street Chertsey KT16 8AA

Thyme at the Tavern
20 London Street
Chertsey
KT16 8AA

Freehold Public House Investment in Affluent Commuter Town

Entirely let to Thyme Lords Limited until 2022
Prominent corner position in town centre location
Nearby occupiers include Sainsbury’s, Ask Restaurant and Barclays Bank
Rent Review due June 2012
Six Week Completion Period Available

Lot
11
Auction
23rd February 2012
Rent
£41,250 per Annum Exclusive
Status
Sold
Price
£420,000
Auction Venue
Millennium Hotel
39-44 Grosvenor Square
London W1K 2HP
On behalf of J E Cookson and A J Phillips Joint Fixed Charge Receivers

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Freehold Public House Investment in Affluent Commuter Town

Entirely let to Thyme Lords Limited until 2022
Prominent corner position in town centre location
Nearby occupiers include Sainsbury’s, Ask Restaurant and Barclays Bank
Rent Review due June 2012
Six Week Completion Period Available

Lot 11
Auction 23rd February 2012
Rent £41,250 per Annum Exclusive
Status Sold
Price £420,000
Sector
Public House
Auction Venue
Millennium Hotel
39-44 Grosvenor Square
London W1K 2HP
On behalf of J E Cookson and A J Phillips Joint Fixed Charge Receivers

Property Information

Location

Miles: 12 miles north of Guildford; 20 miles south-west of Central London
Roads: M3 (Junction 2), M25 (Junction 12)
Rail: Chertsey Rail
Air: London Heathrow, London Gatwick

Situation

The property is situated in a prominent position at the corner of
London Street and Heriot Road in Chertsey town centre. The
property benefits from its proximity to Sainsbury’s supermarket and
other nearby occupiers including Ask Restaurant and Barclays Bank.

Tenure

Freehold.

Location

Miles: 12 miles north of Guildford; 20 miles south-west of Central London
Roads: M3 (Junction 2), M25 (Junction 12)
Rail: Chertsey Rail
Air: London Heathrow, London Gatwick

Situation

Tenure

Freehold.

Description

The property comprises a ground floor public house with self-contained residential accommodation accessed from London Street on the first and second floors.

The residential accommodation, currently used by guests, comprises three separate en-suite bedrooms on the first floor and an office and additional bedroom on the second floor. In addition, there is a car park to the rear of the property for approximately 10 cars.

Note:
This property is being marketed on behalf of Law of Property Act Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given. The LPA Receiver is not bound to accept the highest or any offer and are acting without personal liability.

VAT

VAT is not applicable to this lot.

EPC

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

Description

VAT

VAT is not applicable to this lot.

EPC

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

Tenancy & Accommodation

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Reviews
Ground First Second	Restaurant/Bar Residential Residential	137.77 sq m 75.40 sq m 29.84 sq m	(1,483 sq ft) (812 sq ft) (321 sq ft)	THYME LORDS LTD (1) (2)	15 years from 08/06/2007 until 2022	£41,250	08/06/2012 & 08/06/2017
Totals		243.01 sq m (3)	(2,616 sq ft) (3)			£41,250