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.