57 High Street Sutton Greater London SM1 1DT

57 High Street
Sutton
Greater London
SM1 1DT

Freehold Retail and Residential Investment

Let to The Feel Good Group Limited t/a The Tanning Shop on a new 10 year lease
Pedestrianised town centre location
Neighbouring occupiers include Barclays Bank, TSB Bank, Caffè Nero, Boots the Chemist and Waterstones
Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>

Lot
36
Auction
12th February 2015
Rent
£36,000 per Annum Exclusive
Status
Withdrawn Prior
Price
Auction Venue
Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

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Freehold Retail and Residential Investment

Let to The Feel Good Group Limited t/a The Tanning Shop on a new 10 year lease
Pedestrianised town centre location
Neighbouring occupiers include Barclays Bank, TSB Bank, Caffè Nero, Boots the Chemist and Waterstones
Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>

Lot 36
Auction 12th February 2015
Rent £36,000 per Annum Exclusive
Status Withdrawn Prior
Price
Sector
High Street Retail
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

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

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.