138 Walton Road East Molesey Surrey KT8 0HP

138 Walton Road
East Molesey
Surrey
KT8 0HP

Freehold Self Contained Retail and Residential Investment

Retail unit with self-contained maisonette above
Forms part of an established retail parade in an affluent Surrey location
Located close to Hampton Court Palace and the River Thames
Nearby occupiers include Tesco Metro Supermarket, Carpetright, Subway and Lloyds TSB Bank

Lot
28
Auction
18th October 2012
Rent
£13,600 per Annum Exclusive
Status
Sold
Price
£142,000
Auction Venue
Millennium Hotel
39-44 Grosvenor Square
London W1K 2HP

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Freehold Self Contained Retail and Residential Investment

Retail unit with self-contained maisonette above
Forms part of an established retail parade in an affluent Surrey location
Located close to Hampton Court Palace and the River Thames
Nearby occupiers include Tesco Metro Supermarket, Carpetright, Subway and Lloyds TSB Bank

Lot 28
Auction 18th October 2012
Rent £13,600 per Annum Exclusive
Status Sold
Price £142,000
Sector
High Street Retail
Auction Venue
Millennium Hotel
39-44 Grosvenor Square
London W1K 2HP

Property Information

Location

Miles: 3 miles south-west of Kingston, 14 miles south-west of Central London, 17 miles north-east of Guildford
Roads: A3, B369, M3 & M25
Rail: Hampton Court
Air: Heathrow International Airport

Situation

The property is situated on the south side of Walton Road (B369) close to the junction with Spencer Road. The property benefits from its proximity to numerous local and national operators including Tesco Metro Supermarket, Carpetright, Subway and Lloyds TSB Bank which serve the surrounding residential area.

Tenure

Freehold.

Location

Miles: 3 miles south-west of Kingston, 14 miles south-west of Central London, 17 miles north-east of Guildford
Roads: A3, B369, M3 & M25
Rail: Hampton Court
Air: Heathrow International Airport

Situation

Tenure

Freehold.

Description

The property comprises a ground floor retail unit with residential accommodation on first and second floors to provide a self-contained maisonette which is accessed from the rear.

VAT

VAT is not applicable to this lot.

EPC

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

Description

The property comprises a ground floor retail unit with residential accommodation on first and second floors to provide a self-contained maisonette which is accessed from the rear.

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

Lot	Unit	Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Reviews/(Reversion)
28	138	Ground	Retail	95.97 sq m	(1,033 sq ft)	SKILLFRAME LTD (1)	10 years from 12/07/2009 on a full repairing and insuring lease (2)	£13,500	12/07/2014 (11/07/2019)
	190	First & Second	Retail	Not measured - 3 rooms, kitchen & bathroom		INDIVIDUAL	125 years from 25/12/1996 £100	£100	25/12/2029 and 33 yearly (3) (24/12/2121)
Totals				95.97 sq m	(1,033 sq ft)			£13,600

(1) Skillframe is an independent recruitment consultancy established in 1999. The company provides recruitment expertise to a broad range of public and private sector clients locally, nationally and internationally (Source: www.skillframe.co.uk 13/09/2012).
(2) The tenant benefits from an option to determine on 12th July 2014 on providing 6 months prior written notice.
(3) Under the terms of the lease, the rent will be reviewed to £200 p.a. on 25th December 2029, £300 p.a. on 25th December 2062 and £400 p.a. from 25th December 2095 until expiry.