Let to WH Smith Retail Holdings Limited until November 2025 (no breaks)
Located in the affluent Sutton suburb of Cheam
Corner position fronting Station Way at its junction with Ewell Road and The Broadway
Nearby occupiers include Boots, Lloyds Bank, Pizza Express and William Hill
Lot 30
Auction 19th October 2017
Rent £26,300 per Annum Exclusive
Status Sold
Price £450,000
Sector High Street Retail
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
Property Information
Location
Miles
12 miles south-west of Central London
Roads
A232, A2043
Rail
Cheam Rail
Air
London Heathrow Airport
Situation
Cheam is an affluent Sutton suburb some 12 miles southwest of Central London. The property occupies a prominent corner position on Station Way, at its junctions with High Street, The Broadway and Ewell Road. Nearby occupiers include Boots, Lloyds Bank, Pizza Express and William Hill.
Tenure
Freehold.
Location
Miles
12 miles south-west of Central London
Roads
A232, A2043
Rail
Cheam Rail
Air
London Heathrow Airport
Situation
Cheam is an affluent Sutton suburb some 12 miles southwest of Central London. The property occupies a prominent corner position on Station Way, at its junctions with High Street, The Broadway and Ewell Road. Nearby occupiers include Boots, Lloyds Bank, Pizza Express and William Hill.
Tenure
Freehold.
Description
The property comprises a ground floor retail unit with first floor ancillary accommodation. The remaining first floor and second floor comprises selfcontained residential accommodation which has been let on a long lease.
VAT
VAT is not applicable to this lot.
Completion Period
Six Week Completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a ground floor retail unit with first floor ancillary accommodation. The remaining first floor and second floor comprises selfcontained residential accommodation which has been let on a long lease.
VAT
VAT is not applicable to this lot.
Completion Period
Six Week Completion
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
Reviews/ (Reversion)
Ground First
Retail Ancillary
144.82 sq m 21.63 sq m
(1,558 sq ft) (232 sq ft)
WH SMITH RETAIL HOLDINGS LIMITED (1)
Approx 22 years 5 months from 10/06/2003 until 25/11/2025 on a full repairing and insuring lease (2)
£26,300
10/06/2018 and 10/06/2023
First/Second
Residential
Not measured
WING PRESERVATION LIMITED
125 years from 28/02/2005
Peppercorn
(27/02/2130)
Total Commercial Area
166.45 sq m
(1,791 sq ft)
£26,300
(1) For the year ending 31st August 2016, WH Smith Retail Holdings Limited reported a turnover of £175,131,000, pre-tax profits of £75,302,000 and a total net worth of £461,234,000 (Source: Experian Group 17/08/2017). (2) For the purpose of clarification, the current lease is for a term of 15 years expiring 09/06/2018, however a reversionary lease has been signed from expiry of the current term until 25/11/2025.
Contacts
Seller's Solicitors
Harold Benjamin Solicitors Hill House, 67-71 Lowlands Road Harrow Middlesex HA1 3EQ 020 8864 7530
