The property comprises a two-storey mid terrace building of traditional brick construction beneath a flat parapet roof.
( Agency Pilot Software ref: 505 )
Location
The premises are prominently located in the prime retail area of Sutton High Street in between the St Nicholas Shopping Centre and Times Square. The property is in close vicinity to a number of multiple retailers to include Marks & Spencer, Boots, Patisserie Valerie, W H Smiths, Vision Express and H Samuel. 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
Accommodation
126 High Street (front) Ground Floor 70.72 sq m( 761 sq ft)
First Floor 62.62 sq m (674 sq ft)
Total (NIA): 133.34 sq m (1,435 sq ft)
Balfe's Bikes Ltd 5 year Lease from October 2020, subject to a Tenant only break clause at the 3rd year of the term (05/10/2023) subject to 3 months' prior notice. £35,000 126 High Street (rear)
Ground Floor 76.62 sq m( 825 sq ft)
First Floor 47.55 sq m 512 sq ft
Total (NIA): 124.17 sq m 1,337 sq ft
Terms
The premises are available Freehold for sale, subject to the existing Tenancies.
Guide Price Offers are sought in excess of £825,000. Our Client is seeking offers on an unconditional basis.
VAT VAT will not be applicable to the purchase price.
Legal Costs Each party is to be responsible for their own costs in this transaction
Specification
- Prime Retail Pitch
- Income producing
- Current rental income: £59,000 per annum exclusive
- Offers sought in excess of £825,000
- Unconditional offers sought