Auction Venue Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
Property Information
Location
Miles
12 miles south of Central London
4.6 miles south of Wimbledon
7 miles west of Croydon
Roads
A232, A217, M25, M23
Rail
Sutton (Surrey) Railway Station
Air
London Gatwick Airport, London Heathrow
Situation
The property is situated in a strong trading position on the west side of the pedestrianised High Street, close to the junction with Carshalton Road (A232) and Cheam Road. Nearby occupiers include Marks & Spencer, Lloyds Bank, Morrisons, Boots the Chemist and W H Smith.
Tenure
Freehold.
Location
Miles
12 miles south of Central London
4.6 miles south of Wimbledon
7 miles west of Croydon
Roads
A232, A217, M25, M23
Rail
Sutton (Surrey) Railway Station
Air
London Gatwick Airport, London Heathrow
Situation
The property is situated in a strong trading position on the west side of the pedestrianised High Street, close to the junction with Carshalton Road (A232) and Cheam Road. Nearby occupiers include Marks & Spencer, Lloyds Bank, Morrisons, Boots the Chemist and W H Smith.
Tenure
Freehold.
Description
The property comprises ground floor retail accommodation and a self-contained residential maisonette on the upper floors. The maisonette is accessed from the rear of the property.
Six Week Completion
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.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises ground floor retail accommodation and a self-contained residential maisonette on the upper floors. The maisonette is accessed from the rear of the property.
Six Week Completion
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.
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
125 sq m
(1,350 sq ft)
THE FEEL GOOD GROUP LIMITED t/a The Tanning Shop (1)
10 years from 27/11/2014 on a full repairing and insuring lease
£36,000 (2)
27/11/2019 (26/11/2024)
First & Second
Residential
Not Measured
INDIVIDUAL
999 years
Peppercorn
Total Commercial Floor Area
125 sq m
(1,350 sq ft)
£36,000
(1) For the year ending 31/12/2013, The Feel Good Group Limited reported a turnover of £8,655,139, pre-tax profits of £443,000 and a total net worth of £717,932. (Source: www.riskdisk.com 30/10/2014) (2)The lease provides for a rent free period of 6 months from 27th November 2014 and provides for the tenant to pay a reduced rent of 50% of the annual rent for 6 months following the rent free period. The seller will pay the buyer the rent that would have been payable in the absence of the rent free and reduced rent periods. Therefore the property will produce £36,000 per annum exclusive from completion of the sale.
