4 Station Way Cheam Surrey SM3 8SW

4 Station Way
Cheam
Surrey
SM3 8SW

Freehold Retail and Residential Investment

Let to WH Smith Retail Holdings Limited until November 2025 (no breaks)
Located in the affluent Sutton suburb of Cheam
Corner position fronting Station Way at its junction with Ewell Road and The Broadway
Nearby occupiers include Boots, Lloyds Bank, Pizza Express and William Hill

Lot
30
Auction
19th October 2017
Rent
£26,300 per Annum Exclusive
Status
Sold
Price
£450,000
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

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Freehold Retail and Residential Investment

Let to WH Smith Retail Holdings Limited until November 2025 (no breaks)
Located in the affluent Sutton suburb of Cheam
Corner position fronting Station Way at its junction with Ewell Road and The Broadway
Nearby occupiers include Boots, Lloyds Bank, Pizza Express and William Hill

Lot 30
Auction 19th October 2017
Rent £26,300 per Annum Exclusive
Status Sold
Price £450,000
Sector
High Street Retail
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

Property Information

Location

Miles: 12 miles south-west of Central London
Roads: A232, A2043
Rail: Cheam Rail
Air: London Heathrow Airport

Situation

Cheam is an affluent Sutton suburb some 12 miles southwest of Central London. The property occupies a prominent corner position on Station Way, at its junctions with High Street, The Broadway and Ewell Road. Nearby occupiers include Boots, Lloyds Bank, Pizza Express and William Hill.

Tenure

Freehold.

Location

Miles: 12 miles south-west of Central London
Roads: A232, A2043
Rail: Cheam Rail
Air: London Heathrow Airport

Situation

Tenure

Freehold.

Description

The property comprises a ground floor retail unit with first floor ancillary accommodation. The remaining first floor and second floor comprises selfcontained residential accommodation which has been let on a long lease.

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completion

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	Reviews/ (Reversion)
Ground First	Retail Ancillary	144.82 sq m 21.63 sq m	(1,558 sq ft) (232 sq ft)	WH SMITH RETAIL HOLDINGS LIMITED (1)	Approx 22 years 5 months from 10/06/2003 until 25/11/2025 on a full repairing and insuring lease (2)	£26,300	10/06/2018 and 10/06/2023
First/Second	Residential	Not measured		WING PRESERVATION LIMITED	125 years from 28/02/2005	Peppercorn	(27/02/2130)
Total Commercial Area		166.45 sq m	(1,791 sq ft)			£26,300

(1) For the year ending 31st August 2016, WH Smith Retail Holdings Limited reported a turnover of £175,131,000, pre-tax profits of £75,302,000 and a total net worth of £461,234,000 (Source: Experian Group 17/08/2017).
(2) For the purpose of clarification, the current lease is for a term of 15 years expiring 09/06/2018, however a reversionary lease has been signed from expiry of the current term until 25/11/2025.