41 - 53 High Street
Epsom
Surrey
KT19 8DD

Freehold Restaurant Investment

  • Majority let to Azzurri Restaurants Limited
  • Includes two residential flats and a house
  • Affluent Surrey town close to A24 and A3 within the M25
  • Busy High Street location close to the station
  • Nearby occupiers include McDonald’s, Millets, Fat Face, Poundland and Maplin
  • Lot
    27
  • Auction
    07/Dec/2017
  • Rent
    £82,500 per Annum Exclusive
  • Status
    Withdrawn Prior
  • Price*
     
  • Sector
    Restaurant
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
Important Property Update
  • 41 - 53 High Street<br>Epsom<br>Surrey<br>KT19 8DD
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Property Information

Location
Miles
13 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 prominently situated in the heart of the town centre of this popular and affluent Surrey commuter town, equidistant from its junctions with Church Street to the east and Ashley Road to the west. Nearby occupiers include McDonald’s, Millets, Fat Face, Poundland and Maplin.

Tenure

Freehold.

Description

The property comprises a substantial former bank building with restaurant accommodation on the ground floor, ancillary accommodation in the basement and part of the first floor, a three bedroom self-contained residential flat on part of the first floor and a four bedroom flat on the second floor. The property also comprises a self-contained house at the rear of the property.

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.

Completion Period

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 advisable. For more information, please click here.

Tenancy & Accomodation

FloorUseFloor Areas (Approx)TenantTermRent p.a.xReversion
Ground
Basement
First (Part)
Ground (rear)
Restaurant
Ancillary
Ancillary
House
283 sq m
22 sq m
19 sq m
Not Measured
(3,046 sq ft)
(237 sq ft)
(204 sq ft)
AZZURRI
RESTAURANTS
LIMITED (1)
t/a Ask Italian
25 years from 29th
September 1995
£82,50028/09/2020
First (Part)3 bedroom
self-contained flat
Not Measured
UNKNOWN (2)Unknown  
Second4 bedroom
self-contained flat
Not Measured
UNKNOWN (2)Unknown  
Total Commercial Floor Area
324 sq m
(3,487 sq ft)
  £82,500 

(1) For the year ending 26th June 2016, Azzurri Restaurants Limited reported a turnover of £226,636,000, a pre-tax profit of £17,627,000 and a total net worth of £60,446,000 (Source: Experian Group 23/10/2017).
(2) The receivers have no information as to the basis upon which the residential flats are being occupied.

Property Documents

  • Catalogue Page
    Updated Date
    14.11.17
    File Size
    2 MB
    View PDF
  • Site Plan
    Updated Date
    14.11.17
    File Size
    3 MB
    View PDF
  • Common Auction conditions
    Updated Date
    27.03.17
    File Size
    124 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
John MehtabJohn Mehtab +44 (0)20 7034 4855 +44 (0)7899 060519john.mehtab@acuitus.co.uk
Billy StruthBilly Struth +44(0)20 7034 4854billy.struth@acuitus.co.uk
Seller's Solicitors
Temple Bright 81 Rivington Street
London
EC2A 3AY
Iain Macfarlane 0207 1398 220Iain.Macfarlane@templebright.com

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