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Commercial investment for sale in Surbiton

Lot 56 - 37 Victoria Road, Surbiton, Surrey, KT6 4JL
For sale
£725,000 Guide Price
AUCTION PROPERTY

COMMON USE CLASS: A1 Shops, C3 Dwelling Houses

auction-house-london
This property is marketed by:
Auction House London

Description

The property comprises a freehold semi-detached building arranged to provide a ground floor retail unit and two self-contained flats arranged over first and second floor levels (One Sold Off) Part Let Producing £55,200 Per Annum.

Location

The property is situated on a mixed-use road close to local shops and amenities. The open spaces of Claremont Gardens are within easy reach. Transport links are provided by Surbiton rail station which is a short walk away.

Tenancy

We have been advised that Foxtons are not currently occupying the retail unit on the ground floor. The first floor flat is currently let at a rent of £1,150 per calendar month. The receivers have not been provided with any evidence as such and cannot confirm if any rent is being paid. Please refer to the legal pack for further information.


Note

The property has not been inspected by Auction House London. Buyers should rely on their own enquiries.

Accommodation & Tenancy Schedule

Floor - Accommodation - Tenancy - Current Annual Rent

Ground - Retail Unit. GIA Approx 102.89 Sq M - 15 years from 29th July 2015 - £41,400

First - Not Inspected - See Tenancy - £13,800

Second - Not Inspected (SOLD OFF) - 125 years from 29th September 2015 - N/A

Additional Fees and Disclaimer

Administration charge: £1,200 including VAT unless otherwise stated in the addendum.

Buyers Premium and Disbursements: Please see the legal pack and the addendum for any disbursements and buyers premium that may be payable by the purchaser on completion.

Particulars including images and video tours on the website and within the catalogue are believed to be correct but their accuracy is not guaranteed. The auctioneers will always endeavour to inform prospective purchasers of variations to the catalogue, when such changes are brought to their attention. The auctioneers nor their clients can be held responsible for any losses, damages, or abortive costs incurred in respect of lots that are withdrawn or sold prior to auction. Information relating to Rating matters has been obtained by verbal enquiry only. Prospective purchasers are advised to make their own enquiries of the appropriate authorities. Prospective purchasers are deemed to verify for themselves whether tenanted properties are occupied and rents are being paid. All measurements, areas and distances are approximate only. Potential buyers are advised to check them. No representation or warranty is made in respect to the structure of any properties nor in relation to their state of repair. Prospective buyers should arrange for a survey of the particular lot by a professionally qualified person.


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