Lot 51 Mixed Use Property With Development PotentialAuction Date:
4th May 2023
170 Station Road, Addlestone, Surrey, KT15 2BD
Currently let at £22,080 per annum
This freehold end-terrace two storey property is arranged as offices (A2 trading as Premier Sales & Lettings) and a self-contained first floor flat with a gas heating system via radiators and double glazing which is let on an Assured Shorthold Tenancy Agreement.
The building produces just over £22,000 per annum but we understand there may be potential for rental growth. There is a yard to the rear with additional parking that may have development potential as there are similar completed developments on either side of the property, subject to all necessary consents being obtainable.
It is situated in a busy commercial thoroughfare on the B3121 on the south side of the road close to its junction with Victory Park Road. There are numerous independent businesses trading in the area with Holland & Barrett, Dominos Pizza and Tesco also nearby. The mainline station is easily accessible and there are excellent road links to Gatwick and central London via the nearby M25.
Retail/Office
Ground Floor
Front retail/office unit, separate rear office (side access from street), kitchen, bathroom/W.C.
Tenancy
Held on a Tenancy at Will at an annual rental of £11,760 per annum.
Flat
Ground Floor
Private access, stairs to:
First Floor
Hallway, access to loft space, living room, bedroom, kitchen, bathroom/W.C.
Council Tax Band C
Tenancy
Let on an Assured Shorthold Tenancy Agreement at £10,320 per annum.
Outside
Rear yard and parking area with vehicular access from service road via Corrie Road. Small rear patio area.
Site Measurements
The site extends to 0.03 hectares (0.08 acres).
Local Planning Authority
Runnymede Borough Council. Website: runnymede.gov.uk. Tel: 01932 425131.
There is an addendum available to be read
in conjunction with the legal documentation.
Important
All lots are sold subject to the Common Auction Conditions and Special Conditions of Sale (unless varied by the Sellers Solicitors), together with the Addendum, which will be available on Auction Day.
* Price Information
Guides are provided as an indication of each Seller’s minimum expectation. They are not necessarily figures at which a property will sell for and may change at any time prior to Auction. Unless stated otherwise, each Lot will be offered subject to a reserve (a figure below which the Auctioneer cannot sell the Lot during the Auction).
We expect the reserve will be set within the guide range or no more than 10% above a single figure guide. Please check our website regularly at cliveemson.co.uk, or contact us on 01622 608400, in order to stay fully informed with the up-to-date information.
Additional Fees
An Administration fee and Other non-optional fees may also be payable in addition to the bid price. All lots are offered subject to the Common Auction Conditions and Special Conditions of Sale or Revised Special Conditions of Sale (as applicable) and may include the repayment of search and other fees and or costs payable by the buyer.
All buyers are advised to inspect all available legal documentation prior to bidding and will be deemed to fully understand what they may be liable for if they are successful in purchasing. This should also include Stamp Duty, Land Registry fees and VAT which may become payable on completion in line with any property transaction, whether it is by auction or private treaty. If, as a buyer, you are in doubt you should seek advice from your own professional advisors. For more information on fees please go to Buyers Fees
