24, Adelaide Road, SURBITON, Surrey, KT6 4SS

THERE IS AN ANNOUNCEMENT RELATING TO THIS LOT (AS BELOW) THIS HAS ALSO BEEN ADDED TO THE LEGAL PACK.

IF YOU ARE BIDDING YOU ARE DEEMED TO HAVE KNOWLEDGE OF THIS ANNOUNCEMENT TOGETHER WITH ALL OTHER LEGAL DOCUMENTS AND SPECIAL CONDITIONS OF SALE.

Announcement
Please see the “ANNOUNCEMENT” on the Legal Docs.
There are revised special conditions of sale for this lot, copies of which are available from the Auctioneers website and a copy will be attached to the contract
There are revised replies to enquiries for this lot, copies of which are available from the Auctioneers website.

Freehold development site with planning permission granted for the erection of a three bedroom detached dwelling

Together with the freehold ground rent investment of 24 Adelaide Road, arranged as 6 self-contained flats - sold off on leases (Five sold off on long leases and one sold off with approx.56 years remaining)

Development site / Investment

Location:
The property / development site is situated on Adelaide Road between its junction’s with Claremont Road and Church Hill Road. Public transport links include a choice of Surbiton and Kingston mainline rail stations together with a network of local bus services serving the surrounding vicinity. Road links include the A3, A23, A308 and M3 Motorway. Shopping amenities can be found locally within Surbiton with an extensive range of shops, bars and restaurants being found in Kingston. Recreational pursuits can be found locally at the open spaces of Hampton Court Park, Bushy Park and Richmond Park together with the River Thames.

Description:
Freehold development site with planning permission granted for the erection of a three bedroom detached dwelling. Sold together with the freehold ground rent investment of 24 Adelaide Road, arranged as 6 selfcontained flats - sold off on leases (Five sold off on long leases and one sold off with approx. 56 years remaining).

Planning:
Planning permission was granted by The Royal Borough of Kingston Upon Thames on 11th November 2022 under planning application reference 22/00574/FUL for Demolition of existing block of 5no.x garages and erection of a new 3 bed 5 person detached dwelling with associated amenity space, parking, cycle and refuse storage.


Planning link:
https://publicaccess.kingston.gov.uk/online-applications/applicationDetails.do?activeTab=documents&keyVal=R7P5M0NHHB200


Lease Schedule:

Flat 1
Term of Lease: 189 years from 24th June 1980
Ground Rent: £150pa

Flat 2
Term of Lease: 189 years from 24th June 1980
Ground rent: Peppercorn pa

Flat 3
Term of lease: 189 years from 24th June 1980
Ground Rent: Peppercorn pa

Flat 4
Term of lease: 189 years from 24th June 1980
Ground rent: Peppercorn pa

Flat 5
Term of lease: 99 years (less 3 days) from 26th June 1980
Ground rent: £100 per annum

Flat 6
Term of lease: 999 years from 24th June 2021
Ground Rent: Peppercorn pa




To view:
By application to site within daylight hours.











Important Notice:
For each Lot, a contract documentation fee of £1,500 (inclusive of VAT) is payable to Barnard Marcus Auctions by the buyer. The seller may charge additional fees payable upon completion. If applicable, such fees are detailed within the Special Conditions of Sale. Buyers are deemed to bid in full knowledge of this.

The Guide Price quoted must not be relied upon by prospective purchasers as a valuation or assessment of value of the property. It is intended to provide purchasers with an indication of the region at which the reserve may be set at the time of going to press. The guide price may be subject to variation and interested parties are advised to make regular checks for variations and should be aware that the reserve price may be either below or above the quoted guide price.

Prospective purchasers should also be aware that the eventual sale price may be above or below the guide level dependent upon competition, and should therefore not presume the guide to be indicative of the final expected sale price or the price the property is available at.

When setting the guide price, the auctioneers have given consideration to the seller’s instructions in respect of their indicated reserve price at the time of instruction. The reserve price, (the level below which the property will not be sold), remains confidential between the seller and the auctioneer. The guide price therefore, is intended to indicate the region at which the reserve price is intended to be set. The seller will confirm their final reserve price close to the auction date and if appropriate the auctioneers may adjust the guide price to reflect this.
Whilst Barnard Marcus make every effort to ensure the safety and security of viewers at properties, we have not carried out a detailed Health & Safety inspection of properties in our auctions and cannot therefore guarantee the safety and security of viewers.
Prospective purchasers and bidders attend properties entirely at their own risk. Particular care should be taken when accessing cellars, attics, exterior grounds and outbuildings and boundaries. All non-conducted inspections of vacant sites should be made in daylight hours only and entry into such sites is entirely at the viewers risk.


1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. Photographs and Measurements: Some images may have been taken by a wide angled lens camera. These approximate room sizes are only intended as general guidance. You must verify the dimensions carefully before ordering carpets or any built-in furniture.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER SEQUENCE (UK) LIMITED NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.