908 / 912 Brighton Road & 5 Russell Hill Place Purley Surrey CR8 2LH

  • 908 / 912 Brighton Road & 5 Russell Hill Place<br>Purley<br>Surrey<br>CR8 2LH

908 / 912 Brighton Road & 5 Russell Hill Place
Purley
Surrey
CR8 2LH

Freehold Retail, Leisure, Residential and Ground Rent Investment

  • Prosperous South London suburb
  • Prominent corner location opposite Sainsbury’s and public car park to the rear
  • Comprises a double fronted pub, two shops and 22 flats
  • Important review on pub to be settled
  • Part let to Stonegate Pub Company Ltd and part let to Explore Learning Limited
  • Lot
    24
  • Auction
    24th May 2018
  • Rent
    £174,221 per Annum Exclusive
  • Status
    Sold
  • Price
    £2,600,000
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
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Freehold Retail, Leisure, Residential and Ground Rent Investment

  • Prosperous South London suburb
  • Prominent corner location opposite Sainsbury’s and public car park to the rear
  • Comprises a double fronted pub, two shops and 22 flats
  • Important review on pub to be settled
  • Part let to Stonegate Pub Company Ltd and part let to Explore Learning Limited
  • Lot 24
  • Auction 24th May 2018
  • Rent £174,221 per Annum Exclusive
  • Status Sold
  • Price £2,600,000
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG

Property Information

Location
Miles
12 miles south of Central London, 2 miles south of Croydon, 8 miles east of Epsom
Roads
A22, A232, A235, M25
Rail
Purley Railway Station
Air
London Heathrow and London Gatwick
Situation

Purley is a prosperous residential suburb located 12 miles south of central London, 2 miles south of Croydon and 8 miles east of Epsom. The property is located in the town centre on Brighton Road (A235), at its junction with Russell Hill Place. Purley Railway Station is 300 metres to the south-west of the property and both Purley Hospital and Purley Leisure Centre are also close by. Occupiers close by include KFC, Sainsbury’s (opposite), Subway, Santander, WHSmith, Lloyds, Halifax, Barclays, Costa and William Hill.

Tenure

Freehold.

Location
Miles
12 miles south of Central London, 2 miles south of Croydon, 8 miles east of Epsom
Roads
A22, A232, A235, M25
Rail
Purley Railway Station
Air
London Heathrow and London Gatwick
Situation

Purley is a prosperous residential suburb located 12 miles south of central London, 2 miles south of Croydon and 8 miles east of Epsom. The property is located in the town centre on Brighton Road (A235), at its junction with Russell Hill Place. Purley Railway Station is 300 metres to the south-west of the property and both Purley Hospital and Purley Leisure Centre are also close by. Occupiers close by include KFC, Sainsbury’s (opposite), Subway, Santander, WHSmith, Lloyds, Halifax, Barclays, Costa and William Hill.

Tenure

Freehold.

Description

The property comprises two shops together with a double fronted bar/restaurant and 22 flats. No.908/910 comprises a bar/restaurant. No.912 comprises a ground floor shop with basement ancillary accommodation. 5 Russell Hill Place comprises a basement and ground floor shop. The first, second and third floors comprise 22 flats of which 16 have been sold off on long leases. The flats are selfcontained and accessed from Russell Hill Place.

VAT

VAT is 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 two shops together with a double fronted bar/restaurant and 22 flats. No.908/910 comprises a bar/restaurant. No.912 comprises a ground floor shop with basement ancillary accommodation. 5 Russell Hill Place comprises a basement and ground floor shop. The first, second and third floors comprise 22 flats of which 16 have been sold off on long leases. The flats are selfcontained and accessed from Russell Hill Place.

VAT

VAT is 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
Brighton Road
Ground
Bar/
Restaurant

515.50 sq m

(5,549 sq ft)
 STONEGATE PUB
COMPANY LIMITED
t/a The Pear Tree
(1)		 25 years from
8/11/2002 until
07/11/2027		 £68,000 07/11/2017
and 5
yearly
Ground
Basement		 Retail
Ancillary
124.00 sq m
129.00 sq m
(1,335 sq ft)
(1,389 sq ft)
 EXPLORE
LEARNING LIMITED
t/a
Explore Learning
(2)		 15 years from
26/02/2010 until
25/02/2025 (3)		 £21,096 26/02/2020
(3)
Russell Hill Place
Ground
Basement
Retail
Ancillary

252.00 sq m
138.50 sq m

(2,712 sq ft)
(1,490 sq ft)
 NOUVEAU LASHES
LIMITED
t/a
Nouveau Lashes
(4)		 10 years from
22/07/2015 until
21/07/2025 (5)		 £31,525 (6) 21/07/2020
(5)
Flat 2 Residential  
1 bedroom flat
 INDIVIDUAL AST 1 year from
21/10/2017		 £9,900  
Flat 9 Residential  
1 bedroom flat
 INDIVIDUAL AST £8,700  
Flat 10 Residential  
1 bedroom flat
 INDIVIDUAL AST £6,900  
Flat 11 Residential  
1 bedroom flat
 INDIVIDUAL AST 1 year from
21/05/2016		 £9,900  
The Studio Residential  
Studio flat
 INDIVIDUAL AST 1 year from
21/06/2006		 £8,400  
The Managers Suite Residential  
1 bedroom flat
 INDIVIDUAL AST 1 year from
01/05/2010		 £6,600  
Flats 1,3-8,12-20 Residential  
(16 flats)
 VARIOUS Each 125 years
from 01/11/2003
at
£200 p.a.		 Total
£3,200		  
Total Commercial Area
1,159 sq m
(12,475 sq ft)
     £174,221  

(1) Stonegate Pub Company is the 4th largest managed pub company in the UK, operating 700 pubs across the country. Stonegate reported a turnover of approximately £642,000,000 and net assets of £81,122,000 for the year ended 25th September 2016 (Source: Experian
17/04/2018) (Source: www.stonegatepubs.com).
(2) For the year ended 31st December 2016, Explore Learning Limited reported a turnover of £42,786,000, pre-tax profits of £3,236,000 and a total net worth of £14,236,000 (Source: Experian 17/04/2018). Explore Learning operate from 137 centres nationwide (Source:- www.explorelearning.co.uk).
(3) Tenant’s option to break in 2020 upon 6 months’ notice.
(4) For the year ended 30th June 2017 Nouveau Lashes Limited reported no turnover, no pre-tax profits and a total net worth of £1,286,386 (Source: Experian 17/04/2018) .Website - www.nouveaulashes.com
(5) Tenant’s option to break in 2020 upon 6 months’ notice.
(6) Rent deposit of £15,762.50 held.

Contacts

Seller's Solicitors
Fletcher Day 56 Conduit Street, Mayfair
London
W1S 2YZ
Gary Nelson 0207 632 1438gary@fletcherday.co.uk

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk
AquillaNatasha Ward+44 (0)20 3159 4314+44 (0)7545 208 759natashaw@aquillaib.co.uk

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