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Lot 9 Sold Prior

Auction: Wednesday 9th April 2025

828 London Road, North Cheam, Sutton, Surrey SM3 9BJ

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Lot 9   Click here for addendum

Retail Investment – Gross Yield 9.3%
6 Week Completion

Situation

Located close to the junction with Hamilton Avenue on the busy A24 and forming part of this well established shopping area, amongst multiples such as Topps Tiles and The Post Office as well as a variety of independent traders.
North Cheam is a popular and sought-after suburb of the London Borough of Sutton, located approx. 11 miles south-west of central London and 5 miles south-east of Kingston-Upon-Thames

Property

Forming part of this fully occupied retail parade comprising a Ground Floor Shop with a Rear Yard/Parking Area.
There is on street parking available to the front of the property and a rear service road provides access for deliveries and unloading.

Accommodation

Ground Floor Shop
Internal Width 15'0"
Shop Depth 26'8"
Built Depth 59'10"
WC


VAT is NOT applicable to this Lot

Tenure

Leasehold for a term of 999 years from 25th December 2001 at a fixed ground rent of £100 p.a.

Tenancy

The property is let on a full repairing and insuring lease (by way of service charge) to HB Aesthetics # DC Beauty Limited (Beauty Aesthetics) for a term of 10 years from 23rd August 2024 at a current rent of £14,000 per annum exclusive.


Rent Review August 2029

Mutual Break August 2029

There is a £2,333.33 Rent Deposit held.

Enquire about this lot:

Photo of Steven Grossman

Steven Grossman
020 8492 9449
sgrossman@barnettross.co.uk

Photo of Elliott Greene

Elliott Greene
020 8492 9449
egreene@barnettross.co.uk

*Please note:

RESERVE

The 'Reserve' is the minimum figure for which a property can be sold as agreed between the Seller and the Auctioneer. The 'Reserve' is not disclosed and remains confidential between the Seller and the Auctioneer.

GUIDE

Where a 'Guide' is stated, it is an indication of the Seller's current minimum acceptable price ('Reserve') at auction. A 'Guide' is published to assist prospective buyers in deciding whether or not to pursue a purchase.

A 'Guide' does not represent an anticipated sale price or a valuation and the eventual sale price may be higher or lower. The sale price is determined at auction and as such cannot be predicted in advance.

The 'Guide' can be published as follows:

  • a. 'Reserve below' which means the 'Reserve' will be below the shown amount.
  • b. A single price figure where the 'Reserve' is not to exceed it.
  • c. A single price figure with a + symbol where the 'Reserve' is not to exceed that figure by more than 10%.
  • d. A minimum and maximum price range where the 'Reserve' is to be within that range.

The Seller's expectation as to the sale price may change during the marketing period as a result of interest received from prospective Buyers. Therefore, the Seller may increase or decrease the 'Reserve' at any time up to just before bidding commences. If the 'Reserve' becomes fixed at a level that makes the 'Guide' misleading, the Auctioneers will subsequently issue a revised 'Guide' as soon as is practicable. Accordingly, prospective bidders should monitor the 'Guide' with the Auctioneers prior to the Auction taking place via this website.

In addition to the purchase price the Successful Buyer or Successful Bidder will be liable to pay Barnett Ross Ltd a non-refundable administration fee of £1,500 including VAT or as specified on the Particulars of Sale and there may also be additional non-optional fixed or variable fees and costs. To establish the full cost of purchasing a property please inspect the special conditions of sale and all other documentation in the legal pack. Please also refer to any addendum that may be displayed on this page.