June 2023: Wednesday 21 June 2023 - 9:00am
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    Key features

    • Investment let at £16,780 p.a. (10.16% GIY on guide)
    • Let on a new 5 year FR&I lease from May 2023
    • No tenant break option
    • Freehold ground floor lock up shop and first floor flat (flat sold off on long lease)
    • Possible future development potential to add an additional dwelling/floor (subject to the requisite consents)
    • Property benefits from front and rear access and a car parking space to the rear
    • VAT free investment

    Description

    The property is an end of terrace 2 storey property comprising of a ground floor retail unit with access to both the front and rear of the building. The first floor flat has been sold off on long lease.

    The unit is of a standard layout with sales area to the front with storage/staff areas to the rear. There is a hard standing area to the rear with parking space for 1 car.

    Nearby Occupiers include Boots, Dominos, Co-op as well as wide range of local and boutique retailers.

    Additional information

    Tenure

    Freehold

    Upper floor flat sold off on long lease (999 years from September 1988)

    Ground rent £30 p.a.


    Accommodation

    Please note that the below information has been provided by a third party and the property has not been inspected by Savills.


    Ground floor

    • Retail area, kitchenette, WC
    • An approx. 56 sqm (602 sq ft)

    First Floor

    • Sold off on long lease (not inspected)

    Tenancy

    34 High Street

    • Let to a private individual (TA Trafalgar Homeware)
    • Let on a 5 year lease from May 2023
    • FR&I lease
    • No tenant break options
    • Investment let at £16,750 p.a.

    Rent

    £16,780 p.a.

    Notes

    Please note the areas provided are approximate. The photos and any drawings are for illustrative purposes only and may not reflect the exact boundary of the property. The property has not been internally inspected by Savills. Prospective purchasers must rely upon their own enquiries in this regard. Please refer to the legal pack.

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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

      The property is located in Knaphill a village that forms the surburban area on the periphery of Woking. The property is approximately three miles from Woking Town Centre and 27 miles from Central London.

      The property is situated in the heart of the village, with a frontage to the High Street and immediately adjacent to the junction with Broadway. The surrounding area is characterised by local retailers, with national retailers including Co-op and Tesco also present. The High Street is notable for very low levels of vacancy.

      Transport

      Road

      • Woking - 3.4 miles
      • Guildford - 6.8 miles
      • London - 27.5 miles
      • M3 (Junction 3) - 4.2 miles

      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.

      Addendums