1 - 11 Marshalls Road Sutton Greater London SM1 4DY

  • 1 - 11 Marshalls Road<br>Sutton<br>Greater London<br>SM1 4DY

1 - 11 Marshalls Road
Sutton
Greater London
SM1 4DY

Freehold Retail Parade Investment

  • Prominent town centre location between Asda and Sainsbury’s
  • Adjacent to a pedestrianised crossing, close to car park and bus stops
  • Comprises five shops (one double fronted unit)
  • Potential development opportunity (1)
  • Lot
    45
  • Auction
    14th February 2018
  • Rent
    £66,000 per Annum Exclusive
  • Status
    Sold
  • Price
    £800,000
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • In the same ownership since 1980
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Freehold Retail Parade Investment

  • Prominent town centre location between Asda and Sainsbury’s
  • Adjacent to a pedestrianised crossing, close to car park and bus stops
  • Comprises five shops (one double fronted unit)
  • Potential development opportunity (1)
  • Lot 45
  • Auction 14th February 2018
  • Rent £66,000 per Annum Exclusive
  • Status Sold
  • Price £800,000
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • In the same ownership since 1980

Property Information

Location
Miles
5 miles south of Wimbledon, 7 miles west of Croydon, 12 miles south of Central London
Roads
A217, A232, M23, M25
Rail
Sutton, Sutton Common & West Sutton Railway Stations
Air
Gatwick & Heathrow Airports
Situation

The property is situated in a prominent town centre location on Marshalls Road, at its junction with High Street. High Street is the main retailing thoroughfare in the town. The property is 150 metres north of St Nicholas Shopping Centre and benefits from close proximity to the residential area on
Brunswick Road. A number of bus stops and car parks are close by. Occupiers close by include Matalan, Sainsbury’s, Asda, Betfred, Costa, Argos and Halfords, amongst others.

Tenure

Freehold.

Location
Miles
5 miles south of Wimbledon, 7 miles west of Croydon, 12 miles south of Central London
Roads
A217, A232, M23, M25
Rail
Sutton, Sutton Common & West Sutton Railway Stations
Air
Gatwick & Heathrow Airports
Situation

The property is situated in a prominent town centre location on Marshalls Road, at its junction with High Street. High Street is the main retailing thoroughfare in the town. The property is 150 metres north of St Nicholas Shopping Centre and benefits from close proximity to the residential area on
Brunswick Road. A number of bus stops and car parks are close by. Occupiers close by include Matalan, Sainsbury’s, Asda, Betfred, Costa, Argos and Halfords, amongst others.

Tenure

Freehold.

Description

The property comprises five self-contained shops all arranged on ground floor, one of which (Nos. 1-3) comprises a double fronted shop.

VAT

VAT is not applicable to this lot.

Planning

(1) The property may benefit from the addition of upper floors/conversion to residential use, subject to the current occupations and the necessary consents/permissions. Interested parties are referred to The London Borough of Sutton Council - www.sutton.gov.uk

Completion Period

Six Week Completion

EPC

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

Description

The property comprises five self-contained shops all arranged on ground floor, one of which (Nos. 1-3) comprises a double fronted shop.

VAT

VAT is not applicable to this lot.

Planning

(1) The property may benefit from the addition of upper floors/conversion to residential use, subject to the current occupations and the necessary consents/permissions. Interested parties are referred to The London Borough of Sutton Council - www.sutton.gov.uk

Completion Period

Six Week Completion

EPC

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

Tenancy & Accommodation

Shop Use Floor Areas (Approx) Tenant Term Rent p.a.x Reversion
1/3 Retail
39.00 sq m
(420 sq ft)
 INDIVIDUAL t/a Luce
Pizza & Kebab (2)		 5 years from 22/12/2017 on a full
repairing and insuring lease (4)		 £22,000 2022
5 Retail
18.50 sq m
(199 sq ft)
 INDIVIDUAL t/a Chic
Unisex Hairdressers		 Term of years expiring 06/02/2018.
New lease agreed for a term of 5 years
from 7/02/2018 on a full repairing and
insuring lease (4)		 £11,000 2023
7 Retail
18.50 sq m
(199 sq ft)
 INDIVIDUALS
t/a Vitamin-shop		 5 years from 1/01/2018 on a full
repairing and insuring lease (4)		 £11,000 2023
9 Retail
18.50 sq m
(199 sq ft)
 INDIVIDUAL
t/a Quality Stitch (3)		 5 years from 11/04/2017 on a full
repairing and insuring lease (4)		 £11,000 2022
11 Retail
18.50 sq m
(199 sq ft)
 INDIVIDUAL
t/a Elegant Nails		 5 years from 18/02/2016 on a full
repairing and insuring lease (4)		 £11,000 2021
Total
113 sq m
(1,216 sq ft)
     £66,000  

(2) www.lucepizzasutton.com
(3) With a shop in Wimbledon and over 25 years international experience (Source: www.qualitystitchlondon.co.uk).
(4) The lease is outside the Security of Tenure provisions of the 1954 Landlord & Tenant Act.

Contacts

Seller's Solicitors
Downs Solicitors 15A High Street
Cobham
Surrey
KT11 3DH
Caroline Walton 01932 588 569c.walton@downslaw.co.uk

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk
Property InsuranceBrown & BrownNatasha WardBroking Director+44 7545 208 759bbrown.com

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