517/519A London Road North Cheam Surrey SM3 8JS

517/519A London Road
North Cheam
Surrey
SM3 8JS

Freehold Bank and Residential Investment

Ground and lower ground let to Barclays Bank plc until 2027 (subject to option)
Prominent position in affluent London suburb
Nearby occupiers include Ladbrokes, Blockbuster and Greggs
On-site car parking for approximately 7 cars
Six Week Completion Available

Lot
2
Auction
6th December 2012
Rent
£20,000 per Annum Exclusive
Status
Sold
Price
£305,000
Auction Venue
Millennium Hotel
39-44 Grosvenor Square
London W1K 2HP
On the instructions of Joint Fixed Charge Receivers, BNP Paribas

Important Update Interested?

Expand
Photos
Map

Freehold Bank and Residential Investment

Ground and lower ground let to Barclays Bank plc until 2027 (subject to option)
Prominent position in affluent London suburb
Nearby occupiers include Ladbrokes, Blockbuster and Greggs
On-site car parking for approximately 7 cars
Six Week Completion Available

Lot 2
Auction 6th December 2012
Rent £20,000 per Annum Exclusive
Status Sold
Price £305,000
Sector
Bank
Auction Venue
Millennium Hotel
39-44 Grosvenor Square
London W1K 2HP
On the instructions of Joint Fixed Charge Receivers, BNP Paribas

Property Information

Location

Miles: 11 miles south of City of London
Roads: A24, A2043
Rail: Worcester Park Rail Station (29 mins to London Waterloo)
Air: London Airports: Heathrow (11 miles), Gatwick (18 miles), City (15 miles)

Situation

The property is situated in a prominent location on the western side of London Road (A24), near its junction with Cheam Common Road/Malden Road (A2043). Nearby occupiers include Ladbrokes, Blockbuster and Greggs.

Tenure

Freehold.

Location

Miles: 11 miles south of City of London
Roads: A24, A2043
Rail: Worcester Park Rail Station (29 mins to London Waterloo)
Air: London Airports: Heathrow (11 miles), Gatwick (18 miles), City (15 miles)

Situation

Tenure

Freehold.

Description

The property comprises a ground floor banking hall with lower ground storage accommodation, and two self-contained residential flats on the first floor. The property benefits from on-site car parking for approximately 7 cars.

Note
This property is being marketed for sale on behalf of Joint Fixed Charge Receivers excluding any title guarantees, warranties or indemnities. The information in these particulars, including VAT, has been provided by the Joint Fixed Charge Receivers to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Joint Fixed Charge Receivers are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.

VAT

VAT is not applicable to this lot.

Viewings

There will be block viewings for this property. Interested parties must register their details with the Auctioneers and provide identification on site. Please contact Gwen Thomas. Telephone: +44 (0)20 7034 4857.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

VAT

VAT is not applicable to this lot.

Viewings

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/(Reversion)
Ground Ground Lower Ground	Banking Hall/Ancillary Strong Room Storage	160.72 sq m 21.83 sq m 26.47 sq m	(1,730 sq ft) (235 sq ft) (285 sq ft)	BARCLAYS BANK PLC (1)	20 years from 27/03/2007 until 26/03/2027 on a full repairing and insuring lease (2)	£20,000	24/06/2013 and five yearly thereafter
Part First (517A)	Residential Flat	Not Measured		BUSINESS FLATS LIMITED	125 years from 29/09/2004	Peppercorn	(28/09/2129)
Part First (519A)	Residential Flat	Not Measured		AREA ESTATES LIMITED	125 years from 29/09/2004	Peppercorn	(28/09/2129)
Totals		209.02 sq m	(2,250 sq ft)			£20,000

(1) For the year ending 31st December 2011, Barclays Bank plc reported pre-tax profits of £5,974,000,000 and a total net worth of £54,232,000,000. (Source: www.riskdisk.com 29/10/2012)
(2)The lease provides a tenant option to determine on the fifteenth anniversary of the term.