September 2020: Thursday 24 September 2020 - 9:00am
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    Key features

    • First time on the market for 20 years
    • A prominent corner building comprising three shops and four residential flats (2 x three bedroom, 2 x four bedroom)
    • Located in the heart of Kingston opposite John Lewis
    • Part Vacant Investment at £157,333 per annum plus four vacant flats

    Description

    An attractive modern corner property

    Internally arranged on ground and two upper floors to provide a prominent corner shop unit with basement storage, two further shop

    units with ground floor entrance leading to the two floors above.

    The upper parts know as Thames Chambers are arranged as four flats: 2 x three bedroom, 2 x four bedroom


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    Additional information

    Tenure

    Freehold

    Accommodation

    Unit 1 - Princess Alice Hospice - Gross Frontage 7.55 m, Net Frontage 7.05 m, Shop & Built Depth 5.95m

    Unit 2 - Denware Ltd/Benetton - Gross Frontage 10.0 m 32’ 10”, Net Frontage 9.55 m 31’ 4”, Return Frontage 8.00 m 26’ 3”, Shop & Built Depth 10.45m, 34’ 5”, Basement 165 sq. m 1675 sq.ft

    Unit 3 - Denware Ltd/Benetton - Gross Frontage 4.55 m 14’ 11” , Net Frontage 3.95 m 13’ ,shop & Built Depth 10.15 m 33’ 4”       

    Thames Chambers - 2 x Three Bedroom Flats, 2 x Four Bedroom Flats

    Tenancy

    Unit 1 - Princess Alice Hospice - 10 years from 19/04/2013 at £44,000 p.a

    Unit 2 - Denware Ltd/Benetton - 5 years from 25/12/2015 at £95,000 pa

    Unit 3 - Denware Ltd/Benetton - 5 years from 25/12/2015 at £18,333 pa

    Thames Chambers - Four flats - Vacant

    Part Vacant Investment at £157,333 per annum plus four vacant flats

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      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

      Kingston is one of the major commercial and retail centers in London located some 12 miles south-west of central London with a broad based economy including industrial offices and administration. The town is one of the strongest shopping centres in the south-east and serves the borough population of some 135,000 and estimated catchment population in excess of 600,000. The town benefits from excellent communications being close to the A3, the M3 and the M25. There are also frequent rail services to central London (Waterloo) and Heathrow Airport is some 10 miles away.

      The property occupies a prominent corner location at the junction of Clarence Street, the principal shopping street, and Thames Street, and immediately opposite the John Lewis Department Store and Waitrose supermarket.

      Other retailers in the vicinity include Allders at Home, Halfords, Waterstones, The Royal Bank of Scotland, Superdrug, Woolworths, and The Chelsea Building Society

      The property is located in a busy retail area near the train station

      Leisure facilities can be found nearby along the walkways of the River Thames

      Transport

      Kingston (Great Southern 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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