PRIME LOCATION RETAIL AND RESIDENTIAL INVESTMENT WITH DEVELOPMENT POTENTIAL

FOR SALE

  • Retail unit currently let
  • Freehold investment
  • Centrally located within the Town of Sutton

74 HIGH STREET, SUTTON, SURREY, SM1 1EZ

 

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Location:
The property is centrally located within the Town of Sutton.  Neighbouring occupiers include SpecSavers, Greggs, Wilkinsons and Waterstones.

Description/Accommodation:
The property currently comprises a ground floor retail unit let to Shuropody on a lease.  The upper parts benefit from Planning Consent to convert into 2 x one bedroom flats and 1 x three bedroom flat Ref:  DN2020/01296.    

The ground floor lease is let for a term of 5 years from 24 February 2021 at a rent of £42500 pax

 

THE APPROXIMATE NET INTERNAL AREAS ARE AS FOLLOWS

NB: The above measurements are taken from a plan and need to be checked on site. 

 

Ground floor 128.66 sq m 1385 sq ft

 

Terms:                                                                                                                  
The property is available for sale freehold subject to the existing tenancy.  Offers are sought in the region of £1.1 million plus VAT (if applicable)

Business Rates:                                                                                   
According to the Government website the Rateable Value is £33,250.  The UBR for 2021/22 is 49.9p in the £. 

Energy Performance Certificate:                                                                                                  
Full information available upon request.

Legal costs:                                                                                                  
Each party to be responsible for their own legal costs.

Viewing                                                                                                 
For further information, or to arrange an inspection please contact Sole Agents Gildersleve & Payne
Nick Payne MRICS E: nickp@gpcommercial.co.uk
David Sutton BA (Hons) E: davids@gpcommercial.co.uk

Property Misdescriptions Act 1991
Please note the agents have not carried out a survey, have not made planning enquiries nor tested any of the equipment, apparatus, fixtures, fittings, services or land and are therefore not able to verify their condition, or suitability for their purpose

Code of Practice
Applicants should be aware that the code of practice on commercial leases in England and Wales strongly recommends you seek professional advice from a qualified Surveyor, Solicitor or Licenced Conveyencer before agreeing or signing a Business Tenancy Agreement. The Code is available through professional institutions and trade associations or through the website www.leasingbusinesspremises.co.uk

2 Woodbridge, Smallfield

110 HIGH STREET, CROYDON, SURREY, CRO 1ND

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