Freehold for Sale Mixed use Investment
Freehold for Sale Mixed use Investment Offers Sought in Excess of £175,000 1-1B Lower Road, Sutton, Surrey SM1 4QJ
Accommodation: The property comprises the following floor areas: Ground Floor Convenience Store First and Second Floor Flat (1A) First Floor Studio (1B)
79.11 sq m N/A 16.63 sq m
852 sq ft N/A 179 sq ft
All dimensions and measurements are approximate, however these are based upon the principles laid down in accordance with the RICS Code of Measuring Practice. Description: The two-storey property is of traditional brick construction beneath a pitched tiled roof, with rendered elevations.
Important Note: Centro Commercial have not tested any services, heating system, electrical system, appliances, fixtures and fittings, that may be included in this property and would advise interested parties to satisfy themselves as to their condition or investigating the presence of any deleterious materials. Location: The property is located in a secondary shopping parade in Lower Road at the junction with Lind Road and Thicket Road. 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). Tenancies: The ground floor retail premises at 1 Lower Road has been let out on a Full Repairing and Insuring Lease for a term of 15 years from 29/09/2008 with five yearly rent reviews, held outside the Security of Tenure and Compensation Provisions of the Landlord & Tenant Act 1954 (as amended) Part II. The current passing rental is £12,200 per annum exclusive. The flat at 1a Lower Road has been sold off on a long lease of 156 years from 24/06/1979, subject to a peppercorn Ground Rent. The first floor studio at 1b Lower Road is currently vacant and in need of refurbishment. Terms: The premises are available Freehold for sale, subject to the existing Lease for the ground floor retail unit. VAT: The property has not been elected for VAT. Price: Offers are sought in excess of £175,000. Rates: According to the VOA website, the ground floor shop has a Rateable Value of £9,300. Therefore, Rates Payable in the current financial year for 2018-2019 are £4,584.90. 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: The ground floor shop has a current rating of D (96). The first floor studio has a current rating of E (40). Legal Costs: Each party is to be responsible for their own costs in this transaction. Viewing: Strictly by appointment through Sole Agents
Centro Commercial Limited 020 8401 1000 See a selection of our properties at www.centro.plc.uk
Access to 1B Lower Road from Thicket Road
Accommodation: The property comprises the following floor areas: Ground Floor Convenience Store First and Second Floor Flat (1A) First Floor Studio (1B)
79.11 sq m N/A 16.63 sq m
852 sq ft N/A 179 sq ft
All dimensions and measurements are approximate, however these are based upon the principles laid down in accordance with the RICS Code of Measuring Practice. Description: The two-storey property is of traditional brick construction beneath a pitched tiled roof, with rendered elevations.
Important Note: Centro Commercial have not tested any services, heating system, electrical system, appliances, fixtures and fittings, that may be included in this property and would advise interested parties to satisfy themselves as to their condition or investigating the presence of any deleterious materials. Location: The property is located in a secondary shopping parade in Lower Road at the junction with Lind Road and Thicket Road. 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). Tenancies: The ground floor retail premises at 1 Lower Road has been let out on a Full Repairing and Insuring Lease for a term of 15 years from 29/09/2008 with five yearly rent reviews, held outside the Security of Tenure and Compensation Provisions of the Landlord & Tenant Act 1954 (as amended) Part II. The current passing rental is £12,200 per annum exclusive. The flat at 1a Lower Road has been sold off on a long lease of 156 years from 24/06/1979, subject to a peppercorn Ground Rent. The first floor studio at 1b Lower Road is currently vacant and in need of refurbishment. Terms: The premises are available Freehold for sale, subject to the existing Lease for the ground floor retail unit. VAT: The property has not been elected for VAT. Price: Offers are sought in excess of £175,000. Rates: According to the VOA website, the ground floor shop has a Rateable Value of £9,300. Therefore, Rates Payable in the current financial year for 2018-2019 are £4,584.90. 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: The ground floor shop has a current rating of D (96). The first floor studio has a current rating of E (40). Legal Costs: Each party is to be responsible for their own costs in this transaction. Viewing: Strictly by appointment through Sole Agents
Centro Commercial Limited 020 8401 1000 See a selection of our properties at www.centro.plc.uk
Access to 1B Lower Road from Thicket Road
