100 Central Road Worcester Park London KT4 8HU

100 Central Road
Worcester Park
London
KT4 8HU

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
Sold
Price
£264,000
Auction Venue
Live Streamed Auction

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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 Sold
Price £264,000
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

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

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.