Self-contained upper parts with potential to convert to residential (subject to lease and consents) Excellent town centre location between Times Square and St Nicholas Shopping Centres
Close to Marks & Spencer, Boots the Chemist and W H Smith
Self-contained upper parts with potential to convert to residential (subject to lease and consents) Excellent town centre location between Times Square and St Nicholas Shopping Centres
Close to Marks & Spencer, Boots the Chemist and W H Smith
Auction Venue Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
Property Information
Location
5 miles south of Wimbledon, 7 miles west of Croydon, 12 miles south of Central London
Roads
A217, A232, M23, M25
Rail
Sutton Railway Station
Air
Gatwick Airport
Situation
The property is situated in an excellent location on the western side of the pedestrianised High Street, between Times Square Shopping Centre (housing retailers including BHS and W H Smith) and St Nicholas Shopping Centre (housing retailers including Debenhams, Sports Direct and Burger King). Other nearby retailers include Marks & Spencer, McDonald’s, J D Sports, Top Shop/Topman, and Caffè Nero.
Tenure
Freehold.
Location
5 miles south of Wimbledon, 7 miles west of Croydon, 12 miles south of Central London
Roads
A217, A232, M23, M25
Rail
Sutton Railway Station
Air
Gatwick Airport
Situation
The property is situated in an excellent location on the western side of the pedestrianised High Street, between Times Square Shopping Centre (housing retailers including BHS and W H Smith) and St Nicholas Shopping Centre (housing retailers including Debenhams, Sports Direct and Burger King). Other nearby retailers include Marks & Spencer, McDonald’s, J D Sports, Top Shop/Topman, and Caffè Nero.
Tenure
Freehold.
Description
The property comprises ground floor retail accommodation with ancillary accommodation on the first and second floors. The property benefits from separate access to the upper parts from the
rear.
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 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 ancillary accommodation on the first and second floors. The property benefits from separate access to the upper parts from the
rear.
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 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
Ground First Second
Retail Ancillary Ancillary
68.74 sq m 36.69 sq m 34.83 sq m
(740 sq ft) (395 sq ft) (375 sq ft)
THORNTONS PLC (1)
Term of years from 06/11/2015 until 23/06/2019 (2) on a full repairing and insuring lease
£37,500
Total Commercial Area
140.26 sq m
(1,510 sq ft)
£37,500
(1) For the year ending 30th June 2014, Thorntons plc reported a turnover of £222,437,000, pre-tax profits of £5,968,000 and a total net worth of £16,579,000 (Source: Experian Group 12/11/2015). (2) The lease provides for a tenant option to determine on 23rd June 2017.
