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
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
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  • Photos
  • Map

* More information on the term "guide" can be found here

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
  • 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

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.

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.

Property Documents

  • Catalogue Page
    Updated Date
    28.10.19
    File Size
    800 KB
    View PDF
  • Site Plan
    Updated Date
    28.10.19
    File Size
    2 MB
    View PDF
  • Common Auction conditions
    Updated Date
    10.06.21
    File Size
    168 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
David MargolisDavid Margolis +44 (0)20 7034 4862 +44 (0)7930 484 440david.margolis@acuitus.co.uk
Associate Auctioneers
Molyneux Rose LLP 143 New Bond Street
London
W1S 2TP
Julian Lochrane 020 7182 1893 julian.lochrane@molyrose.co.uk
Seller's Solicitors
Hamlins Solicitors Roxburghe House, 273 - 287 Regent Street
London
W1B 2AD
Nigel Mason 020 7355 6103nigel.mason@hamlins.com

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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