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    Key features

    • High Yielding Mixed-Use Investment
    • Retail Unit with Office Upper Parts
    • Fully Let to Two Separate Tenants
    • Average Unexpired Lease Term of 6.5 Years
    • Asset Management Potential
    • Established and Popular Location
    • Development Potential (subject to consents)
    • Investment Let at £30,750 p.a. (9.04% GIY on Guide Price)


    Description

    The property comprises a high yielding, mixed-use, investment occupying a prominent corner pitch in Epsom.

    Arranged across ground, first and second floors, the property comprises a retail unit to the ground floor with office accommodation to the upper parts.

    The property is fully let to two separate tenants producing a total rent of £30,750 per annum.

    We consider the property to have asset management potential via improvement of rent to the retail unit which is currently passing off a low £16.72 per sq ft.

    The property occupies a prominent corner pitch at the junction of High Street, East Street and Church Street. The area is characterised by a mix of local and national occupiers including McDonalds, Savers and Robert Dyas

    Additional information

    Tenure

    Freehold

    Tenancy

    The ground floor is let to Games Workshop Limited on a lease expiring July 2027 and paying £14,250 per annum.


    The upper parts are let to Panache Professional Services Limited on a lease expiring March 2034 and paying £16,500 per annum.


    Please see the tenancy schedule for more information.

    Planning

    Whilst there are no extant planning consents, the property may have potential for conversion to alternative uses, including residential, subject to the existing leases and any requisite consents.

    Rent

    £30,750 per annnum
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      All viewings at this property have now taken place prior to the auction. For further information on the property please download the legal pack or email the property contact.

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      Accommodation / Tenancy Schedule

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      EPC rating

      If no EPC rating appears please refer to the legal pack.

      Guide prices and common auction conditions

      •Guide prices given are indications within 10% upwards or downwards of where the reserve price may be set at the time of going to print. Please note they are not an indication of the anticipated sale price or a valuation.

      •The reserve price is the minimum price at which the property can be sold.

      •Both the guide price and reserve price may be subject to change up to and including the day of the auction.

      •For unsold properties after an auction an Available price may be listed. This is the price that the seller(s) are looking for post auction, subject to contract and no higher offers, and has no relation to the guide prices listed prior to the auction sale.

      Please note that all prices listed, whether prior to or post auction, are subject to contract.

      The Auctioneers and sellers accept no responsibility for any loss, cost or damage that a buyer may incur as a result of relying on any guide price. It is the buyer's responsibility to decide how much they should bid for any lot. Please check with us for regular updates as guide prices are subject to change prior to the auction.

      The guide price does not include the buyer's fee charged by the auctioneer or VAT which may apply to the sale or other amounts the seller may charge. The seller's Special Conditions of Sale will state whether there are other seller's charges and whether the seller has elected to charge VAT on the sale price.

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