June 2023: Wednesday 21 June 2023 - 9:00am
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    Key features

    • Investment let at £29,700 p.a.
    • Comprising of a Ground floor commercial unit and 3 bedroom self contained maisonette on the first and second floor.
    • Commercial unit let on a 11 year FR&I lease with an expiry 19/03/2029 - let on £13,500 p.a.
    • The ground floor units has been trading as a fish and chip take away in excess of 20 years
    • Flat let on an AST at £16,200 p.a.
    • Belmont Station located 0.2 miles from the property
    • No VAT
    • 8 Week Completion Available

    Description

    The property mid terrace building comprising of a mixed use retail/residential investment arranged across basement, ground, first and second floors.

    The basement & ground floor is currently trading as a hot food takeaway with a yard located to the rear and outside office. A 3 bedroom self contained maisonette is situated over 1st and 2nd floor with separate access to the front

    The property is located in a predominately residential area and forms part of a thriving neighbourhood shopping parade with a wide range of local and boutique independent retailers situated in the parade.

    Additional information

    Tenure

    Freehold

    Accommodation

    Please note that the approximate areas have been provided by a third Party and the property has not been inspected by Savills.


    Ground floor retail unit

    Basement

    • 3 x Rooms
    • An approx. 18.5 sqm (199.4 sq ft)

    Ground Floor

    • Retail area, Kitchen and WC
    • Yard and Office (Office not measured)
    • An approx. 57.2 sqm (615.3 sq ft)

    Total 75.7 sqm (814 sq ft)


    3 Bedroom Flat

    First Floor

    • Bedroom, Living Room, Kitchen and Bathroom/WC
    • An approx. 48.5 sqm (521.6 sq ft)

    Second Floor

    • 2 x Bedrooms, dressing room
    • An approx. 31.9 sqm (343.7 sq ft)

    Total 80.4 sqm (865 sq ft)


    Grand Total an approx. 156.1 sqm (1,680 sq ft)


    Tenancy

    43 Station Road


    Basement and Ground floor - Commercial unit

    • Let to a private individual (TA The California)
    • Let on a 11 year lease from the 16/03/2018 (Reversion 19/03/2023)
    • FR&I lease
    • Upwards only rent review in March 2028
    • The original lease was agreed in 1998 and the current unit has traded as a takeaway in excess of 20 years
    • Investment let at £13,500 p.a.


    First and Second Floor - Residential unit

    • Let to private individual
    • Let on an AST
    • Investment let at £16,200 p.a.

    Rent

    £29,700 p.a.

    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.

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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

      The property is located in Belmont, a village to the south of Sutton and within the London Borough of Sutton.

      Situated with a frontage to Station Road, the property occupies a prominent position and is extremely well located, approximately 150 metres from Belmont Station and 1.3 miles from Sutton Station.

      Transport

      Rail

      • Belmont to Sutton - 3 mins
      • Belmont to London Victoria - 55 mins
      • Sutton to London Victoria - 33 mins
      • Sutton to London Blackfriars - 38 mins
      • Sutton to London Waterloo - 42 mins

      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