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Office with Residential Conversion Potential, 56-58 Angel Hill, Sutton, SM1 3EW

1,650 Sq Ft / Retail / Retail - High Street

For Sale - £425,000.00

Available - Last updated: 07 October 2019

The two-storey terraced building is of traditional brick construction beneath a pitched roof, with offices on the ground floor, and residential upper parts. To the rear of the property is a detached single-storey office building.

( Agency Pilot Software Ref: 270 )

Location

The property is located on the eastern side of Angel Hill between the junctions of Waverley Way and Aultone Way.

Sutton is a densely populated residential area and a thriving retail and commercial centre, situated approximately 12 miles south-west of central London, 5 miles west of Croydon, 10 miles north of Reigate and 7 miles south-east of Kingston. Heathrow and Gatwick Airports are also conveniently based with access via the M25/M4 and M25/M23 respectively.

Sutton mainline BR station provides fast regular services to both Victoria (26 minutes) and London Bridge (33 minutes).

Accommodation

56-56A Angel Hill
Ground Floor Office - 43.56 sq m (468 sq ft)
First Floor Flat (sold off on a long Lease)

58-58A Angel Hill
Ground Floor Office - 51.49 sq m (554 sq ft)
First Floor Flat (sold off on a long Lease)

Rear of 56-58 Angel Hill
Ground Floor Ancillary Office/Storage - 58.28 sq m (627 sq ft)
Covered Yard - 18.34 sq m (197 sq ft)
Yard Area - 37.34 sq m (402 sq ft)

There is a rear vehicular service road accessed from Aultone Way.

The flat at 56A Angel Hill has been sold off on a long Lease for a term of 125 years from 01/11/2001, with a peppercorn ground rent.

The flat at 58A Angel Hill has been sold off on a long Lease for a term of 224 years from 19/12/1980, with a peppercorn ground rent.

Terms

The premises are available Freehold with full vacant possession of the ground floor elements of the property.

Proposition: We are instructed to sell the Freehold interest of 56-58 Angel Hill comprising two ground floor offices with ancillary office/storage and yard, which may be of interest to either Owner occupiers or Investors/Developers for change of use (subject to planning). The flats above 56 and 58 Angel Hill have been sold off on long Leases.

VAT: The property has not been elected for VAT.

Price: Offers are sought for the Freehold interest in excess of £425,000.

Rates: To be re-assessed.

NB: Please note that the rates actually payable may be subject to transitional relief. For a more accurate assessment of rates payable for the current year, please contact the Local Authority.

EPC: EPCs are available upon request.

Legal Costs: Each party is to be responsible for their own costs in this transaction.

Property Quote Price(s)

DescriptionSale typeGuide pricePrice type
  For Sale Freehold £425,000.00 NA

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Contact agents

Morgan Perez

Centro Commercial Ltd

020 3369 9163



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