95 High Street Sutton SM1 1JF

95 High Street
Sutton
SM1 1JF

Prime Freehold Retail Investment

Entirely let to The Carphone Warehouse Limited
Lease renewal from May 2018
Market rent
Prime pedestrianised location opposite TK Maxx and Times Square Shopping Centre
Nearby occupiers include Boots the Chemist, Marks & Spencer, Superdrug, WH Smith, Clarks and Caffè Nero
Popular and Affluent Greater London Suburb

Lot
19
Auction
11th July 2018
Rent
£51,000 per Annum Exclusive
Status
Sold
Price
£835,000
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

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Prime Freehold Retail Investment

Entirely let to The Carphone Warehouse Limited
Lease renewal from May 2018
Market rent
Prime pedestrianised location opposite TK Maxx and Times Square Shopping Centre
Nearby occupiers include Boots the Chemist, Marks & Spencer, Superdrug, WH Smith, Clarks and Caffè Nero
Popular and Affluent Greater London Suburb

Lot 19
Auction 11th July 2018
Rent £51,000 per Annum Exclusive
Status Sold
Price £835,000
Sector
High Street Retail
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

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 Railway Station
Air: Gatwick Airport

Situation

Sutton is the principal town of the London Borough of Sutton in South West London, located 5 miles south of Wimbledon and 7 miles west of Croydon. The property is located in a prime trading location on the western side of the pedestrianised High Street, opposite Times Square Shopping Centre. Times Square Shopping Centre houses occupiers including TK Maxx, Puregym and WH Smith. Other nearby occupiers include Boots the Chemist, Marks & Spencer, Superdrug, Holland & Barrett and Caffè Nero.

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 Railway Station
Air: Gatwick Airport

Situation

Tenure

Freehold.

Description

The property comprises a well configured ground floor shop with a separately accessed five room maisonette on the first and second floors.

VAT

VAT is 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

The property comprises a well configured ground floor shop with a separately accessed five room maisonette on the first and second floors.

VAT

VAT is 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.	Review/ (Reversion)
Ground First/Second	Retail/Ancillary 5 room maisonette including kitchen and bathroom	100.24 sq m -	(1,079 sq ft) (-)	THE CARPHONE WAREHOUSE LIMITED (1)	5 years from 31/05/2018 on a full repairing and insuring lease (2)	£51,000	30/05/2023
Total Commercial Area		100.24 sq m	(1,079 sq ft)			£51,000

(1) For the year ending 29th April 2017, The Carphone Warehouse Limited reported a turnover of £2,125,700,000, pre-tax profits of £48,400,000 and a total net worth of £1,046,000,000 (Source: Experian Group 08/06/2018). A part of Dixons Carphone Plc.
(2) A Schedule of Repairs has been documented, with the repairs being carried out at the tenant’s expense. The external repairs are to be completed within six months of the start of the lease and the internal repairs are to be completed by the end of the lease term.