34 High Street Epsom Surrey KT19 8AH

34 High Street
Epsom
Surrey
KT19 8AH

Freehold Retail and Residential Investment

Retail let to Ryman Limited on rebased rent
Includes 2 residential flats
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
Auction Venue
The Millennium Hotel
44 Grosvenor Square
London W1K 2HP

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Freehold Retail and Residential Investment

Retail let to Ryman Limited on rebased rent
Includes 2 residential flats
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

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

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.