Entirely let on licence to DuvetCo Limited (subsidiary of The Edinburgh Woollen Mill) t/a Ponden Home Interiors
Busy High Street location
Residential redevelopment potential of upper parts (subject to consents)
Neighbouring occupiers include McDonald’s, Specsavers, Robert Dyas, Betfred and Maplin
Lot 19
Auction 9th July 2014
Rent £33,500 per Annum Exclusive
Status Sold
Price £520,000
Sector High Street Retail
Auction Venue The Millennium Hotel 44 Grosvenor Square London W1K 2HP
On behalf of Recievers
Property Information
Location
Miles
14 miles south-west of Central London, 8 miles south-west of Croydon, 6 miles south-west of Kingston upon Thames
Roads
A24, A3, A240 M25 (Junction 9)
Rail
Epsom Railway Station (36 mins direct to London Waterloo)
Air
London Heathrow Airport, London Gatwick Airport
Situation
The property is situated in the heart of the town centre on the north side of the busy High Street close to its junction with East Street and Upper High Street. Neighbouring occupiers include McDonald’s, Specsavers, Robert Dyas, Betfred and Maplin.
Tenure
Freehold.
Location
Miles
14 miles south-west of Central London, 8 miles south-west of Croydon, 6 miles south-west of Kingston upon Thames
Roads
A24, A3, A240 M25 (Junction 9)
Rail
Epsom Railway Station (36 mins direct to London Waterloo)
Air
London Heathrow Airport, London Gatwick Airport
Situation
The property is situated in the heart of the town centre on the north side of the busy High Street close to its junction with East Street and Upper High Street. Neighbouring occupiers include McDonald’s, Specsavers, Robert Dyas, Betfred and Maplin.
Tenure
Freehold.
Description
The property comprises ground floor retail accommodation with ancillary accommodation on the first and second floors. The property benefits from rear access.
Planning
The property may be suitable to extend at the rear and for residential redevelopment of the upper parts, subject to consents. The adjoining property has undergone residential conversion of the upper parts. Copies of the floor plans are available in the legal pack.
Epsom & Ewell Borough Council:
Town Hall, The Parade, Epsom, Surrey KT18 5BY.
Tel: 01372 732000.
Email: contactus@epsom-ewell.gov.uk
Note
This property is being marketed for sale on behalf of Kevin Mersh and Matthew Nagle acting as Joint Law of Property Act Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Joint Law of Property Act Receivers to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Joint Law of Property Act Receivers are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.
VAT
VAT is not applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises ground floor retail accommodation with ancillary accommodation on the first and second floors. The property benefits from rear access.
Planning
The property may be suitable to extend at the rear and for residential redevelopment of the upper parts, subject to consents. The adjoining property has undergone residential conversion of the upper parts. Copies of the floor plans are available in the legal pack.
Epsom & Ewell Borough Council:
Town Hall, The Parade, Epsom, Surrey KT18 5BY.
Tel: 01372 732000.
Email: contactus@epsom-ewell.gov.uk
Note
This property is being marketed for sale on behalf of Kevin Mersh and Matthew Nagle acting as Joint Law of Property Act Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Joint Law of Property Act Receivers to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Joint Law of Property Act Receivers are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.
VAT
VAT is not applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Reversion
Ground First Second
Retail Ancillary Ancillary
119.77 sq m 65.27 sq m 38.23 sq m
(1,289 sq ft) (703 sq ft) (411 sq ft)
DUVETCO LIMITED t/a Ponden Home Interiors (1)
3 years from 23/02/2012 (3)
£33,499.92
22/02/2015
Totals
223.27 sq m
(2,403 sq ft)
£33,499.92 (2)
(1) For the year ending 02/03/2013, DuvetCo Limited reported a turnover of £27,910,000, pre-tax profits of £1,888,000 and a total net worth of £6,204,000. (Source: www.riskdisk.com 29/05/2014) (2)The rent reserved under the terms of the licence is £2,791.66 per calendar month exclusive. The sum shown above has been annualised. (3) Occupied under a licence.
