3/3a Station Approach Shepperton London TW17 8AR

3/3a Station Approach
Shepperton
London
TW17 8AR

Freehold Retail and Residential Ground Rent Investment

Opposite Shepperton Railway Station
Shop newly let (by way of agreement for lease) as beauty salon (2)
3-year lease from November 2024 (subject to option)
Four flats above let on long leases
Affluent South-West London suburb
Nearby occupiers include M&S Simply Food, Sainsbury's, Boots Pharmacy, Costa and an eclectic mix of local retailers

Lot
17
Auction
12th December 2024
Rent
£8,400 per Annum Exclusive
Status
Sold Post
Price
Auction Venue
Live Streamed Auction

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Freehold Retail and Residential Ground Rent Investment

Opposite Shepperton Railway Station
Shop newly let (by way of agreement for lease) as beauty salon (2)
3-year lease from November 2024 (subject to option)
Four flats above let on long leases
Affluent South-West London suburb
Nearby occupiers include M&S Simply Food, Sainsbury's, Boots Pharmacy, Costa and an eclectic mix of local retailers

Lot 17
Auction 12th December 2024
Rent £8,400 per Annum Exclusive
Status Sold Post
Price
Sector
High Street Retail, Residential
Auction Venue
Live Streamed Auction

Property Information

Location

Miles: 6 miles north-west of Esher, 9 miles south-west of Richmond, 14 miles south-west of Central London
Roads: A308, M3 (Junction 2), M25 (Junction 12)
Rail: Shepperton Railway Station
Air: London Heathrow Airport

Situation

The property is prominently situated on the south side of Station Approach, in the heart of Shepperton, an affluent south-west London suburb. Nearby occupiers include M&S Simply Food, Sainsbury's, Boots Pharmacy, Costa and an eclectic mix of local retailers. Shepperton Station is located diagonally opposite the subject property.

Tenure

Freehold.

Location

Miles: 6 miles north-west of Esher, 9 miles south-west of Richmond, 14 miles south-west of Central London
Roads: A308, M3 (Junction 2), M25 (Junction 12)
Rail: Shepperton Railway Station
Air: London Heathrow Airport

Situation

Tenure

Freehold.

Description

The property will comprise a beauty salon arranged on the ground floor, and four separately-accessed flats arranged on the first and second floors, let on long leases.

VAT

VAT is applicable to this lot.

Note

As to the residential flats, the tenants have been served notice pursuant to Section 5B of the Landlord and Tenant Act 1987. The tenants have not responded to the notices within the timeframe (or not at all). Therefore, the tenants are not able to exercise their rights of pre-emption on this sale.

Completion Period

Six Week Completion

EPC

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

Description

The property will comprise a beauty salon arranged on the ground floor, and four separately-accessed flats arranged on the first and second floors, let on long leases.

VAT

VAT is applicable to this lot.

Note

Completion Period

Six Week Completion

EPC

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

Tenancy & Accommodation

Floor	Use	Floor Areas Approx sq m (1)	Floor Areas (Approx sq ft) (1)	Tenant	Term	Rent p.a.x.
Ground	Retail/Ancillary	30.30	(326)	A. J. MILLAN	3 years from 07/11/2024 (2)	£8,000
First/Second	Residential- 4 flats	146.00	(1,571)	FOUR INDIVDUALS	Four leases each let for 125 years from 29/09/2002, each at £100 pa	£400
Total		176.30	(1,897)			£8,400

(1) Areas provided by VOA and EPC register (www.gov.uk/find-business-rates)
(2) The proposed tenant has entered into an agreement for lease (dated 7th November 2024) with an agreed form of lease within the legal pack. The lease will commence 10 days after planning consent has been granted for a beauty salon, and the rent commencement date is 3 months after lease completion. The Seller will top-up the rent from completion of the sale until the end of the rent free period. The lease is subject to a tenant option to determine on 07/11/2026. A rent deposit of £666 (including VAT) is held by the landlord.

If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.