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Retail Investment For Sale, 126 High Street, Sutton, SM1 1LU

2,772 Sq Ft / Retail / General Retail

For Sale - £825,000.00

Available - Last updated: 24 April 2024

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

Property Quote Price(s)

DescriptionSale typeGuide pricePrice type
  For Sale Freehold £825,000.00 NA

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Contact agents

Paul Harwood

Centro Commercial Ltd

020 3369 9165



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