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    Key features

    • To be offered on Tuesday 24 September
    • Freehold retail investment in a prime High Street position
    • Let to 3 national operators with a current passing rent of £86,500 per annum
    • Caffe Nero currently holding over. Agreement for Lease agreed for the GF extension of this unit to release upper floors for development
    • Planning permission for conversion and extension of of No 18 to provide 1 x 3 and 1 x 2 bedroom flats
    • Timpson's recently renewed their lease
    • 8.8% Gross Initial Yield at Guide

    Additional information

    Tenure

    Freehold

    Planning

    Planning permission has been granted by Elmbridge Council on 10th February 2022 (ref 2021/4262) and 2nd July 2024 (ref 2024/0545) for the conversion and extension to the ground floor rear, and upper floors of number 18. Copies of plans are available on the Local Authorities website.

     

    This will require the release of the upper floors by Caffe Nero (which has been agreed at a new rent of £32,500 pa). The ground floor unit would then be extended and the upper floors converted to create x 2 self-contained flats, as per the approved plans. 


    An Agreement to Lease is in place with Caffé Nero which can be executed by the new owner should they chose to do so. Interested parties should refer to the legal pack for further information. 


    It is considered there is further potential for comprehensive redevelopment in line with the planning consent on the neighbouring property for a new 5 storey building.

    Rent

    £86,500 per annum
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      Accommodation / Tenancy Schedule

      Local information

      Walton on Thames is an attractive town on the southern bank of the River Thames, Located circa 18 miles south west of London and 2.5 mile east of Weybridge.

      Situated in a prime High Street location.

      Other nearby occupiers include Specsavers, McDonalds, Vodafone, Halifax Bank, Boots and Toni & Guy, together with a broad range of local independent retailers and restaurants.


      Transport

      Hersham and Shepperton Stations - National Rail

      Legal documents

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      EPC rating

      If no EPC rating appears please refer to the legal pack.

      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.

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