sw.co.uk175-177 KINGS ROAD, KINGSTON-UPON-THAMES, KT2 5JG

RETAIL, D1 & RESIDENTIAL INVESTMENT/

DEVELOPMENT OPPORTUNITY

Location

The property is located approximately 0.5 miles to the south west of the main commercialcentre of Kingston upon Thames, an important regional centre which provides a range ofhigh quality shopping and leisure facilities. Kings Road is located in an attractive andsought after residential area, which benefits from a variety of independent local traders.The location has good transport links with Richmond Road (A307) at its western end, aprinciple route between Cobham and Richmond, where it eventually feeds in to the southcircular (A205). The area is served by stations in Kingston (approximately 0.5 miles) andNorbiton (approximately 1 mile).

Description

The property comprises two ground floor retail units, two self-contained flats and a self-contained disused first-floor storage room which is in poor condition. There is access tothe rear of the property via a service road off Staunton Road.

175 Kings Road: Ground floor retail unit occupied by Co-op Funeralcare177 Kings Road: Ground floor vacant unit2 x self-contained flats sold on long leases1st floor vacant storage room (in poor repair) accessed from the rear of the property viaan external staircase

Accommodation

175-177 KINGS ROAD, KINGSTON-UPON-THAMES, KT2 5JG

Address Description Metric Imperial

175 Kings Road Ground Floor Shop 115.29 sq m 1,241 sq ft

177 Kings Road Ground Floor Shop 166.66 sq m 1,794 sq ft

1st Floor Store Room 75.16 sq m 809 sq ft

1st Floor 2 x flats (not inspected) (not inspected)

Total 357.11 sq m 3,844 sq ft

Residential Development Opportunity

Part Income Producing - Excellent Covenant

Vacant D1 unit

Address Accommodation Tenant Lease Rent pax

175 Kings

Road

Ground floor shop Funeral

Services

Limited

New 10 year Internal

Repairing Lease

subject to a rent

review in the 5th

year. Tenant’s option

to break in the 5th

year operative on 6

months’ notice.

£25,000

177 Kings

Road

Ground floor shop Vacant N/A £0

175a Kings

Road

First floor flat Arben Azemi 99 years from 15th

January 2010.

£150 (rises to £300 from year 34 to year 66 and

£600 from year 67)

177a Kings

Road

First floor flat David Ross 99 years from 15th

January 2010.

£150 (rises to £300 from year 34 to year 66 and

£600 from year 67)

1st Floor Store room Vacant N/A £0

Total £25,300

Tenure & Tenancies

The property is freehold. Funeral Services Ltd trading as The Co-operative Funeralcare will take a new Internal Repairing Lease back on 175 Kings

Road. Funeral Services Limited is a Mutual Society (Registered Society No. 20808R), for the period ended 6th January 2018 the society reported turnover of

£310,631,000 and a profit of £55,000,000. The other tenancies are long leaseholds on the two flats. The shop at 177 Kings Road and the first-floor store will be

offered with vacant possession.

175-177 KINGS ROAD, KINGSTON-UPON-THAMES, KT2 5JG

Development Opportunity

The vacant first floor storage room has potential to be converted into a self-contained two bedroom flat, subject to planning consent.

Planning

Interested parties are advised to make their own planning enquiries.

Price

Offers in excess of £900,000

Energy Performance Certificate (EPC)

Full copies of EPC’s are available on request.

VAT

All prices are quoted exclusive of VAT.

Costs

Each party is to be responsible for their own legal and professional costs.

Address Accommodation Planning Status

175 Kings Road Ground floor shop A1

177 Kings Road Ground floor shop Consent was granted in August 2017

for change of use from A1 to D1

175-177 KINGS ROAD, KINGSTON-UPON-THAMES, KT2 5JG

Misrepresentation Act 1967: Messrs Sanderson Weatherall LLP for itself and for the vendor(s) or lessor(s) of this property whose agents they are, give notice that: 1) These

particulars do not constitute any part of an offer or contract; 2) None of the statements contained in these particulars as to the properties are to be relied on as statements of

representations of fact; 3) Any intending purchasers must satisfy themselves by inspection or otherwise as to the correctness of each of the statements contained in these particulars;

4) The vendor(s) or lessor(s) do not make or give and neither Messrs Sanderson Weatherall LLP nor any person in their employment has any authority to make or give any

representation or warranty whatsoever in relation to this property; 5) None of the building’s services or service installations (whether these be the specific responsibility of the

freeholder, lessor or lessee) have been tested and are not warranted to be in working order. Finance Act 1989: Unless otherwise stated all prices and rents are quoted exclusive of

VAT. Consumer Protection from Unfair Trading Regulations 2008 and Business Protection from Misleading Marketing Regulations 2008; Every reasonable effort has been made by

Sanderson Weatherall to ensure accuracy and to check the facts contained in these particulars are complete. Interested parties are strongly advised to take appropriate steps to

verify by independent inspection or enquiry all information for themselves and to take appropriate professional advice.

Sanderson Weatherall LLP Registered in England company number OC 344 770 Registered Office 6th floor, Central Square, 29 Wellington Street, Leeds, LS1 4DL

sw.co.uk

Viewing and further information:

Paul Moody

Tel: 020 7851 2129/07774 693545

Email: paul.moody@sw.co.uk

Sanderson Weatherall LLP

First Floor

13 Austin Friars

London

EC2N 2HE

April 2019