April 2021: Wednesday 14 April 2021 - 10:00am
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    Key features

    • Busy affluent south London area
    • Strong retail position and a popular residential area.
    • Large retail unit circa 162 sq m (1,750 sq ft) currently under offer at £30,000 pa
    • Two self contained flats 1 x 2 bed and 1 x 1 bed producing £19,200 pa
    • A versatile corner plot with development potential at the rear for an additional 5 apartments S.T.P.P.

    Description

    A two storey corner building forming part of a busy parade of shops. Comprising a large open plan retail unit, with two self-contained flats on the first floor accessed from the rear.

    Additional information

    Tenure

    Freehold

    Accommodation

    Ground Floor Shop - Open plan with rear WC. Approximate GIA 162 sq m (1,750 sq ft)

    First Floor Flat 1 - One Bedroom Flat, Approximate GIA 41 sq m (450 sq ft)

    First Floor Flat 2 - Two Bedroom Flat, Approximate GIA 57 sq m (620 sq ft)

    Tenancy

    Flat 1 is let on an assured shorthold tenancy agreement at £650 pcm

    Flat 2 is let on an assured shorthold tenancy agreement at £950 pcm

    The shop is currently under offer to Geek Retreat on a 5 year lease at £30,000p.a. A copy of the agreed Heads of Terms are within the Legal Pack. 

    Planning

    Planning permission has been recently refused for a new build block comprising 5 self-contained flats on the rear section of the site. This was principally due to design related matters however, it is considered that the scheme could be successful subject to some minor amendments. Copies of the plans can be viewed at www.sutton.gov.uk

    Note that the rear of the adjoining property has recently been granted full planning permission for 9 apartments within a new build scheme, which sets the precedent for redevelopment.

    Notes

    VAT is applicable to this lot 

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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.

      Savills are not holding any viewings for this property. For further information please download the legal pack or email the relevant Savills Contact directly.

      Viewings are in the process of being finalised and will be online shortly, please click here for a notification when they go online.

      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

      Situated in a prominent position on Central Road (2043), between Windsor Road and Balmoral Road in Worcester Park. Neighbouring occupiers include; Sainsburys, Papa John’s, Star Barbers, Winkworth, Costcutter, Bronco’s, Coversure, Pizza Express, Hunters, Nat West, St Raphael Hospice, together with a good mix of other independent and local traders.

      Worcester Park mainline railway station is within walking distance, providing services to Dorking, Guildford and London Waterloo. There are also buses serving the area located on Worcester Park.

      Transport

      Worcester Park - National Rail

      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