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    Key features

    • Freehold Mixed Use Investment
    • Comprising a shop and 2 bedroom maisonette
    • Let on a lease expiring 2032(1) subject to RPI linked Rent Review
    • RPI linked Review 2027
    • Well situated on the towns principle throughfare
    • Located in a popular London Suburb
    • VAT is applicable
    • Investment let at £32,500 p.a. (10% GIY on Guide Price)

    Description

    The property is arranged over ground and part first floor to provide a ground floor shop towards the front with a self-contained 2 bedroom maisonette to the rear over ground and first floors.


    The upper parts comprise 3 x residential flats each sold off on long leases.

    Additional information

    Tenure

    Freehold

    Accommodation

    Ground Floor Shop - 41.5 sq m (447 sq ft)

    Ground and Lower Ground Floor 2 Bedroom Maisonette - 67.1 sq m (722 sq ft)

    Total- 108.6 sq m (1,169 sq ft)

    Tenancy

    Ground and Part First Floor


    Let to H and H Glamour Ltd on an internal repairing and insuring (IR&I) lease for a term of 10 years from August 2022 at £32,500 per annum.

    (1)The lease provides for a tenant break option at the 5th anniversary and 5 yearly RPI linked rent reviews, collar and capped at 2% and 5%.

    The lease provides for a personal tenant guarantee.


    Upper Floors

    3 x Residential flats each sold off on a long lease at a peppercorn ground rent


    N.b. Please note the relevant notices have been served under Section 5B of the Landlord & Tenant Act 1987. No responses have been received 

    Rent

    £32,500 per annum

    Notes

    Please note the areas provided are approximate. The photos and any drawings are for illustrative purposes only and may not reflect the exact boundary of the property. The property has not been internally inspected by Savills. Prospective purchasers must rely upon their own enquiries in this regard. Please refer to the legal pack.


    Additional charges and fees might be charged by the seller and/or other third parties. You are strongly advised to read the Special Conditions of Sale for the Lot prior to bidding to check for any additional charges and fees.

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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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      No set viewings will be available on this property prior to auction due to the tenants in situ. Please refer to the legal pack for further information.

      No set viewings will be available on this property prior to auction due to safety concerns within the property. Please refer to the legal pack for further information.

      There are no formal viewings for this property. You can visit during commercial trading hours as a customer.

      Local information

      Wallington is a well‑established suburban centre within the London Borough of Sutton, approximately 10 miles south of Central London. The property occupies a prominent position on Woodcote Road, the town’s principal thoroughfare, close to a wide range of national and independent retailers, cafés, and amenities. Wallington Station is a short walk away, providing regular Southern Railway services to London Victoria, London Bridge, and Croydon, while the area benefits from strong local bus connections. The surrounding neighbourhood is predominantly residential, with good schools and green spaces contributing to its popularity with families and commuters.

      Transport

      Train - Wallington Station is a short walk away, providing regular Southern services to London Victoria, London Bridge, Clapham Junction, Croydon, and the wider suburban network.

      Bus - The area is well served by multiple bus routes along Woodcote Road, offering frequent connections to Croydon, Sutton, Purley, and neighbouring districts.

      Tube- While Wallington itself does not have a Tube station, nearby interchanges including Morden (Northern Line) and Wimbledon (District Line) are easily accessible via local bus and rail services, linking the area efficiently to the London Underground network.

      Legal documents

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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.

      Addendums