41 - 53 High Street Epsom Surrey KT19 8DD

41 - 53 High Street
Epsom
Surrey
KT19 8DD

Freehold Restaurant Investment

Majority let to Azzurri Restaurants Limited
Includes two residential flats and a house
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Withdrawn Prior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
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

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Freehold Restaurant Investment

Majority let to Azzurri Restaurants Limited
Includes two residential flats and a house
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Status Withdrawn Prior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

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

Note

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.