Freehold Retail and Residential Ground Rent Investment
Let on a new 10 year lease until September 2033 (no breaks) t/a Kimberley's Nail Design
Ground floor shop with two flats above let on long leases
Tenant occupied the shop since 2013
Busy position on Central Road (A2043)
Affluent South West London location
Nearby occupiers include Waitrose, Nando's, Pizza Express, Iceland, Superdrug, Costa Coffee and Caffe Nero
VAT-Free Investment
Lot 1
Auction 27th March 2025
Rent £25,300 per Annum Exclusive
Status Available
Guide* £275,000
Sector High Street Retail, Residential, Ground Rent
Auction Venue Live Streamed Auction
Property Information
Location
Miles
2 miles south of Wimbledon, 9 miles south-west of London's West End, 11 miles south-west of City of London
Roads
A24, A217, A3
Rail
Worcester Park Railway Station (30 minutes to Waterloo), Sutton Common Railway Station (45 minutes to Blackfriars)
Air
London Gatwick Airport
Situation
Worcester Park is an affluent and attractive South West London borough of Sutton. The property is prominently situated on the northern side of the busy Central Road (A2043), some 350 metres south of Worcester Park Railway Station, benefitting from direct trains to London Waterloo in 30 minutes. Nearby occupiers include Waitrose, Nando's, Pizza Express, Iceland, Superdrug, Costa Coffee and Caffe Nero.
Tenure
Freehold.
Location
Miles
2 miles south of Wimbledon, 9 miles south-west of London's West End, 11 miles south-west of City of London
Roads
A24, A217, A3
Rail
Worcester Park Railway Station (30 minutes to Waterloo), Sutton Common Railway Station (45 minutes to Blackfriars)
Air
London Gatwick Airport
Situation
Worcester Park is an affluent and attractive South West London borough of Sutton. The property is prominently situated on the northern side of the busy Central Road (A2043), some 350 metres south of Worcester Park Railway Station, benefitting from direct trains to London Waterloo in 30 minutes. Nearby occupiers include Waitrose, Nando's, Pizza Express, Iceland, Superdrug, Costa Coffee and Caffe Nero.
Tenure
Freehold.
Description
The property comprises a ground floor shop with two flats on the upper two floors which have been sold off on long leases.
VAT
VAT is not applicable to this lot.
Note
As to the residential flats, the tenants have been served notice pursuant to Section 5B of the Landlord and Tenant Act 1987. The tenants had until 28th February 2025 to respond to the notices, as no response was received from the tenant, the tenants are not able to exercise their rights of pre-emption on this sale.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a ground floor shop with two flats on the upper two floors which have been sold off on long leases.
VAT
VAT is not applicable to this lot.
Note
As to the residential flats, the tenants have been served notice pursuant to Section 5B of the Landlord and Tenant Act 1987. The tenants had until 28th February 2025 to respond to the notices, as no response was received from the tenant, the tenants are not able to exercise their rights of pre-emption on this sale.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Floor
Use
Floor Areas Approx. sq m (1)
Floor Areas Approx. sq ft (1)
Tenant
Term
Rent p.a.x.
Review
Ground
Retail
75.50
(812)
INIVIDUALS t/a Kimberley's Nail Design
10 years from 28/09/2023 on full repairing and insuring terms
£25,000
28/09/2028
First
Residential
-
-
INDIVIDUAL
149 years from 29/09/1987 until 28/09/2136
£150 (2)
29/09/2037 and 25 yearly thereafter.
Second
Residential
-
-
INDIVIDUAL
99 years from 29/09/1987 until September 2086
£150 (2)
29/09/2037 and 25 yearly thereafter.
Total Approximate Commercial Floor Area
75.50
(812)
£25,300
(1) The commercial floor areas stated above are those published by the Valuation Office Agency (www.voa.gov.uk) (2) The rent is due to be increased by £75.00 at each 25 yearly rent review.
If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.
