Busy High Street location in an affluent commuter town
Residential redevelopment potential of upper parts (subject to consents)
Nearby occupiers include McDonald’s, Specsavers, Robert Dyas, ASK Restaurant and Maplin
Legal Title Report <a href="/media/32026/legal title report v4.pdf" target="_blank" title="Legal Title Report V4">here</a>
Lot 35
Auction 11th December 2014
Rent £35,650 per Annum Exclusive
Status Sold
Price £620,000
Sector High Street Retail
Auction Venue The Millennium Hotel 44 Grosvenor Square London W1K 2HP
Property Information
Location
Miles
14 miles south-west of Central London
8 miles south-west of Croydon
6 miles south-west of Kingston upon Thames
Roads
A24, A3, A240, M25 (Junction 9)
Rail
Epsom Railway Station (36 mins direct to London Waterloo)
Air
London Heathrow Airport, London Gatwick Airport
Situation
The property is situated in the heart of the town centre on the north side of the busy High Street close to its junction with East Street and Upper High Street. Neighbouring occupiers include McDonald’s, Specsavers, Robert Dyas, ASK Restaurant and Maplin.
Tenure
Freehold.
Location
Miles
14 miles south-west of Central London
8 miles south-west of Croydon
6 miles south-west of Kingston upon Thames
Roads
A24, A3, A240, M25 (Junction 9)
Rail
Epsom Railway Station (36 mins direct to London Waterloo)
Air
London Heathrow Airport, London Gatwick Airport
Situation
The property is situated in the heart of the town centre on the north side of the busy High Street close to its junction with East Street and Upper High Street. Neighbouring occupiers include McDonald’s, Specsavers, Robert Dyas, ASK Restaurant and Maplin.
Tenure
Freehold.
Description
The property comprises ground floor retail accommodation with 2 x two bedroom self-contained flats on the upper floors. The flats are accessed separately from the rear.
Planning
The property may be suitable to extend at the rear and for redevelopment of the upper parts, subject to consents.
Legal Title 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 not applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises ground floor retail accommodation with 2 x two bedroom self-contained flats on the upper floors. The flats are accessed separately from the rear.
Planning
The property may be suitable to extend at the rear and for redevelopment of the upper parts, subject to consents.
Legal Title 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 not applicable to this lot.
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
Reversion
Ground
Retail
125.41 sq m
(1,350 sq ft)
RYMAN LIMITED (1)
5 years from 18/08/2014 on a full repairing and insuring lease (2)
£26,350
17/08/2019
First
Residential
2 bedroom flat
VACANT POSSESSION
Second
Residential
2 bedroom flat
INDIVIDUALS
Assured Shorthold Tenancy Agreement – Holding Over
£9,300
Total Commercial
125.41 sq m
(1,350 sq ft)
£35,650
(1) For the year ending 30/03/2014, Ryman Limited reported a turnover of £125,384,000, pre-tax profits of £7,263,000 and a total net worth of £37,644,000. (Source: www.riskdisk.com 07/11/2014). (2) The lease provides for a tenant option to determine on 17th August 2017 subject to not less than 6 months written notice.
