6, 6a & 8 The Broadway
Cheam
Surrey
SM3 8AY

Freehold Retail & Residential Investment with Car Parking

  • Located in an Affluent Commuter Surrey Town
  • Comprises 2 shops, self contained 3 bedroom flat and a rear yard
  • Occupiers nearby include Waitrose, Caffe Nero, Boots, WHSmith, Sainsbury`s and Cancer Research
  • VAT-Free Investment
  • Lot
    12
  • Auction
    10/Dec/2020
  • Rent
    £52,900 per Annum Exclusive
  • Status
    Available
  • Price*
    £700,000+
  • Sector
    High Street Retail
  • Auction Venue
    Live Streamed Auction
  • On Instructions of a Major Fund Manager
  • 6, 6a & 8 The Broadway<br>Cheam<br>Surrey<br>SM3 8AY
  • Expand
  • Photos
  • Map

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

Property Information

Location
Miles
3 miles north east of Epsom
6 miles west of Croydon
12 miles south-west of Central London
Roads
A232, A2043
Rail
Cheam Rail
(regular services to London Victoria in 39 minutes)
Air
London Heathrow Airport
Situation

Cheam is an affluent Surrey commuter suburb located 6 miles west of Croydon, 3 miles north east of Epsom and 12 miles south west of Central London.
The property is located on the east side of The Broadway (A2043) close to its junction with Ewell Road/High Street (A232). Cheam railway station is 300 metres to the south with regular service to London Victor1a (39 minutes) and Cheam Park is within 100 metres to the west. Occupiers nearby include Waitrose, Caffe Nero, Boots, WHSmith, Sainsbury`s and Cancer Research

Tenure

Freehold.

Description

The property comprises 2 ground floor shops with a self contained 3 bedroom flat at first.The property benefits from a rear yard accessed via The Broadway.

VAT

VAT is not applicable to this lot.

Planning

The property may benefit from further development to the rear and second floor level, subject to all necessary permissions/consents and the current tenancies. Interested parties are referred to Sutton Council (see www.sutton.gov.uk)

EPC

See legal Pack at www.acuitus.co.uk

Tenancy & Accommodation

FloorUseFloor Areas
(Approx)
TenantTermRent p.a.xReview/
(Reversion)
6 - GroundRetail
72.50 sq m
(813 sq ft)
Individual t/a
Piggies Cafe (1)
10 years from
25/12/2017
£17,40025/12/2022
(24/12/2027)
8 - GroundRetail
146 sq m
(1,572 sq ft)
Maurice George
Fitness Limited with
personal guarantee
10 years from
12/10/2020 (2)
£25,000 (2) (3)12/10/2023
uplift to
£27,500
6a - FirstResidential
120 sq m
(1,292 sq ft)
IndividualAST£10,500 
 
- 3 bedrooms
 

(1) Piggies was first established in 1985 and has been in Cheam Village since 1992 making us the oldest Sandwich and Coffee Bar in the heart of Cheam Village. After a complete refurbishment in April 2011 we then changed the name to Caffe-Neo however due to customer feedback Piggies returned in February 2014. (Source: www.piggiescheam.com)
(2) Rental uplift in Year 3 to £27,500 per annum. Tenants option to determine in the 5th year and a Rent Deposit of £6,875 held.
(3) There is a 3 month rent free period, followed by 6 months at half rent. The seller will adjust completion monies so that the unit effectively produces £25,000 pa from completion of the sale.

If you are the successful bidder, Acuitus requires a separate payment of £1,000 inclusive of VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.

Due to the current restrictions in movement throughout the UK, the property may not have been inspected by Acuitus. Some photographs may not be current and these will be dated where this is the case. Plans showing nearby occupiers and mention of nearby occupiers may reflect a dated situation as some tenants are not currently in occupation. Floor areas and accommodation details are likely to have been obtained from VOA.Gov.UK and the Vendor.

Property Documents

  • Solicitors Legal Pack
    Updated Date
    26.11.20
    File Size
    54 MB
    Login to View
  • Catalogue Page
    Updated Date
    20.11.20
    File Size
    718 KB
    View PDF
  • Site Plan
    Updated Date
    20.11.20
    File Size
    844 KB
    View PDF
  • Common Auction conditions
    Updated Date
    01.07.20
    File Size
    277 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF
  • Money Laundering Regs
    Updated Date
    07.10.20
    File Size
    1,016 KB
    View PDF
  • Customer Due Dilligence Form
    Updated Date
    20.05.20
    File Size
    585 KB
    View PDF

Contacts

Acuitus
Peter MayoPeter Mayo +44 (0)20 7034 4864 +44 (0)7833 459318Peter.mayo@acuitus.co.uk
Alexander AuteracAlexander Auterac +44 (0)20 7034 4859alexander.auterac@acuitus.co.uk
Seller's Solicitors
Addleshaw Goddard LLP One St Peter's Square, 27 Quay Street
Manchester
M2 3DE
Rhiannon Brown 0161 934 6490rhiannon.brown@addleshawgoddard.com

Useful Links

By clicking the Submit button I confirm that I would like to register my interest in this Property. Please email me updates when they are published.

If you have a query, please fill in the box below, otherwise click the Submit button.

You have 200 character(s) left.

Are you sure you want to remove this property from My Catalogue?

Are you sure you are no longer interested in this property?

Are you sure you want to delete your Account?

Making the buying and selling of property a seamless experience
Everything you need to know whether you are a buyer or sellerHelp Centre
How can Acuitus Finance help you with bridging finance
How can Acuitus Finance help you with bridging financeObtain bridging finance now