Affluent Surrey town close to A24 and A3 within the M25
Busy High Street location close to the station
Nearby occupiers include McDonald’s, Millets, Fat Face, Poundland and Maplin
Lot 27
Auction 7th December 2017
Rent £82,500 per Annum Exclusive
Status Withdrawn Prior
Price
Sector Restaurant
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
Property Information
Location
Miles
13 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 prominently situated in the heart of the town centre of this popular and affluent Surrey commuter town, equidistant from its junctions with Church Street to the east and Ashley Road to the west. Nearby occupiers include McDonald’s, Millets, Fat Face, Poundland and Maplin.
Tenure
Freehold.
Location
Miles
13 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 prominently situated in the heart of the town centre of this popular and affluent Surrey commuter town, equidistant from its junctions with Church Street to the east and Ashley Road to the west. Nearby occupiers include McDonald’s, Millets, Fat Face, Poundland and Maplin.
Tenure
Freehold.
Description
The property comprises a substantial former bank building with restaurant accommodation on the ground floor, ancillary accommodation in the basement and part of the first floor, a three bedroom self-contained residential flat on part of the first floor and a four bedroom flat on the second floor. The property also comprises a self-contained house at the rear of the property.
Note
This property is being marketed for sale on behalf of 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.
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 substantial former bank building with restaurant accommodation on the ground floor, ancillary accommodation in the basement and part of the first floor, a three bedroom self-contained residential flat on part of the first floor and a four bedroom flat on the second floor. The property also comprises a self-contained house at the rear of the property.
Note
This property is being marketed for sale on behalf of 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.
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
Reversion
Ground Basement First (Part) Ground (rear)
Restaurant Ancillary Ancillary House
283 sq m 22 sq m 19 sq m Not Measured
(3,046 sq ft) (237 sq ft) (204 sq ft)
AZZURRI RESTAURANTS LIMITED (1) t/a Ask Italian
25 years from 29th September 1995
£82,500
28/09/2020
First (Part)
3 bedroom self-contained flat
Not Measured
UNKNOWN (2)
Unknown
Second
4 bedroom self-contained flat
Not Measured
UNKNOWN (2)
Unknown
Total Commercial Floor Area
324 sq m
(3,487 sq ft)
£82,500
(1) For the year ending 26th June 2016, Azzurri Restaurants Limited reported a turnover of £226,636,000, a pre-tax profit of £17,627,000 and a total net worth of £60,446,000 (Source: Experian Group 23/10/2017). (2) The receivers have no information as to the basis upon which the residential flats are being occupied.
