23 / 25 High Street Sutton Surrey SM1 1DJ

23 / 25 High Street
Sutton
Surrey
SM1 1DJ

Freehold Retail and Residential Investment

  • Ground Floor let to Baleday Limited until 2025 (no breaks) with fixed rental increase in 2020
  • Two residential flats on uppers
  • Nearby occupiers include Ladbrokes,Subway, Zizzi, William Hill, Nandos and Barclays Bank
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • For a Buyer's Legal Report please click <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>
  • Lot
    31
  • Auction
    11th February 2016
  • Rent
    £72,811 per Annum Exclusive
  • Status
    Sold
  • Price
    £1,070,000
  • Sector
    High Street Retail
  • Auction Venue
    Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On behalf of Joint LPA Receivers
Important Update
  • Expand
  • Photos
  • Map

* More information on the term "guide" can be found here

Freehold Retail and Residential Investment

  • Ground Floor let to Baleday Limited until 2025 (no breaks) with fixed rental increase in 2020
  • Two residential flats on uppers
  • Nearby occupiers include Ladbrokes,Subway, Zizzi, William Hill, Nandos and Barclays Bank
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • For a Buyer's Legal Report please click <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>
  • Lot 31
  • Auction 11th February 2016
  • Rent
  • Status Sold
  • Price £1,070,000
  • Sector
    High Street Retail
  • Auction Venue
    Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On behalf of Joint LPA Receivers

Property Information

Location
Miles
4.6 miles south of Wimbledon, 7 miles west of Croydon, 12 miles south of Central London
Roads
A232, A217, M25, M23
Rail
Sutton (Surrey) Railway Station
Air
London Gatwick Airport
Situation

Sutton is located within the London Borough of Sutton and is located 4.6 miles south of Wimbledon and 7 miles west of Croydon. The property is situated on the western side of the High Street close to its junction with Grove Road and Sutton Court Road. Nearby occupiers include Ladbrokes, Subway, Zizzi, William Hill, Nandos and Barclays Bank.

Tenure

Freehold.

Location
Miles
4.6 miles south of Wimbledon, 7 miles west of Croydon, 12 miles south of Central London
Roads
A232, A217, M25, M23
Rail
Sutton (Surrey) Railway Station
Air
London Gatwick Airport
Situation

Sutton is located within the London Borough of Sutton and is located 4.6 miles south of Wimbledon and 7 miles west of Croydon. The property is situated on the western side of the High Street close to its junction with Grove Road and Sutton Court Road. Nearby occupiers include Ladbrokes, Subway, Zizzi, William Hill, Nandos and Barclays Bank.

Tenure

Freehold.

Description

The property comprises a double fronted ground floor retail unit trading as an adult gaming centre, with two residential flats on the first and second floors.

Six Week Completion

Note
This property is being marketed for sale on behalf of Joint Law of
Property Act Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Joint Law of Property Act Receivers to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Joint Law of Property Act Receivers are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.

Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.

VAT

VAT is applicable to this lot.

Viewings

There will be block viewings for this property. Interested parties must register their details with the Auctioneers and provide identification on site. Please contact Gwen Thomas. Tel: +44 (0)20 7034 4857.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property comprises a double fronted ground floor retail unit trading as an adult gaming centre, with two residential flats on the first and second floors.

Six Week Completion

Note
This property is being marketed for sale on behalf of Joint Law of
Property Act Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Joint Law of Property Act Receivers to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Joint Law of Property Act Receivers are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.

Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.

VAT

VAT is applicable to this lot.

Viewings

There will be block viewings for this property. Interested parties must register their details with the Auctioneers and provide identification on site. Please contact Gwen Thomas. Tel: +44 (0)20 7034 4857.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Floor Use Floor Areas (Approx) Tenant Term Rent p.a.x Review/(Reversion)
Ground Retail
144.92 sq m
(1,560 sq ft)
BALEDAY LIMITED
(1) (t/a Cashino
Gaming)
13 years 5 months from
01/07/2012 until 30/11/2025 on a
full repairing and insuring lease
£45,928 01/12/2020 (2)
Flat 23A Residential
INDIVIDUALS 12 month AST from 25/07/2015 £12,360 (24/07/2016)
Flat 25A Residential
INDIVIDUALS 12 month AST from 25/07/2015 £14,523 (24/07/2016)
Total Commercial Floor Area  
144.92 sq m
(1,560 sq ft)
    £72,811

(1) Baleday Limited is a wholly owned subsidiary of Praesepe Holdings Limited. Founded in 2007, The Praesepe Group has in excess of 170 leisure outlets across the UK with brands including Cashino, Gaming, Beacon Bingo and The Crystal Rooms (Source: www.praesepeplc.com 07/01/2016)
(2) The 2020 rent review provides a fixed uplift to £52,472 p.a.x

Property Documents

  • Site Plan
    Updated Date
    30.10.19
    File Size
    81 KB
    View PDF
  • Catalogue Page
    Updated Date
    30.10.19
    File Size
    512 KB
    View PDF
  • Common Auction conditions
    Updated Date
    10.06.21
    File Size
    168 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Seller's Solicitors
Wedlake Bell Solicitors 52 Bedford Row
London
WC1R 4LR
Chloe Dexter 02073953131cdexter@wedlakebell.com

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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