23 April 2025: Wednesday 23 April 2025 - 9:00am
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    Key features

    • By order of Receivers
    • Multi-Let Mixed Use Investment
    • Freehold
    • Retail unit with self-contained flat
    • Investment let at £27,170 p.a. (9.7% GIY on Guide Price)

    Description

    The property comprises a high yielding retail investment opportunity forming part of a popular local parade. Arranged as a ground floor retail unit with a self contained flat to the first floor (which is access to the rear of the property).

    The property is let on the ground floor to a tenant trading as a Recruitment company on a lease expiring July 2031 (with a break clause in July 2026) and paying £15,950 per annum.

    The upper flat is let on an Assured Shorthold Tenancy agreement at a rent of £11,220 per annum.

    The property occupies a prominent pitch on an arterial route close to the junction of Feltham Road, the B378 and the B3003. The surrounding area is characterised by a mix of local retailers and residential uses, with the subject property forming part of the principal local retail amenity.

    Additional information

    Tenancy

    The property is let to a tenant trading as a Recruitment company on a lease expiring July 2031 and paying £15,950 per annum.

    The lease is on full repairing and insuring terms and includes a tenants break option in 2026.

    The first floor flat is subject to an Assured Shorthold Tenancy holding over at a rent of £935 per calendar month.

    Notes

    Please note Savills have not internally inspected the property.

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      All viewings at this property have now taken place prior to the auction. For further information on the property please download the legal pack or email the property contact.

      Savills are not holding any viewings for this property. For further information please download the legal pack or email the relevant Savills Contact directly.

      Viewings are in the process of being finalised and will be online shortly, please click here for a notification when they go online.

      No set viewings will be available on this property prior to auction due to the tenants in situ. Please refer to the legal pack for further information.

      No set viewings will be available on this property prior to auction due to safety concerns within the property. Please refer to the legal pack for further information.

      There are no formal viewings for this property. You can visit during commercial trading hours as a customer.

      Local information

      Transport

      Ashford Station - 0.6 miles

      Legal documents

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      EPC rating

      The EPC rating for this property is C

      Guide prices and common auction conditions

      •Guide prices given are indications within 10% upwards or downwards of where the reserve price may be set at the time of going to print. Please note they are not an indication of the anticipated sale price or a valuation.

      •The reserve price is the minimum price at which the property can be sold.

      •Both the guide price and reserve price may be subject to change up to and including the day of the auction.

      •For unsold properties after an auction an Available price may be listed. This is the price that the seller(s) are looking for post auction, subject to contract and no higher offers, and has no relation to the guide prices listed prior to the auction sale.

      Please note that all prices listed, whether prior to or post auction, are subject to contract.

      The Auctioneers and sellers accept no responsibility for any loss, cost or damage that a buyer may incur as a result of relying on any guide price. It is the buyer's responsibility to decide how much they should bid for any lot. Please check with us for regular updates as guide prices are subject to change prior to the auction.

      The guide price does not include the buyer's fee charged by the auctioneer or VAT which may apply to the sale or other amounts the seller may charge. The seller's Special Conditions of Sale will state whether there are other seller's charges and whether the seller has elected to charge VAT on the sale price.

      Addendums