February 2023: Tuesday 07 February 2023 - 9:00am
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    Key features

    • Investment let at £13,000 pa (9.28% on Guide Price)
    • Let to tenant trading as Cheam Hardware & DIY
    • 15 year lease from December 2020
    • Affluent South West London suburb
    • Nearby occupiers including JD Wetherspoon, McDonald's, Pizza Hut and Costa Coffee

    Description

    The property comprises a ground floor shop which forms part of a larger building not included within the sale.

    Additional information

    Tenure

    Leasehold. A new 999 year lease will be granted from completion of the sale.

    Accommodation

    Please note the approximate floor areas have been sourced from the VOA and the property has not been inspected by Savills.


    Ground - 49.89 sq m (537 sq ft)


    Total - 49.89 sq m (537 sq ft)


    Tenancy

    Let to tenant trading as Cheam Hardware & DIY for a term of 15 years from 02.12.2020 until 01.12.2035 at a rent of £13,000 pa.

    Rent

    £13,000

    Notes

    Joint Agent:



    Peter S Friend BA Hons MRICS

    T: 020 8769 0161

    D: 020 8603 5503

    PSF@hnfproperty.com

    www.hnfproperty.com

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      Please arrive promptly for your viewing. To view properties you have booked a viewing for, visit the My Viewing section of your account.

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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

      Cheam is an affluent and attractive South West London location approximately 11 miles south-west of Central London. The property is located in a prominent position on the north side of London Road, with nearby occupiers including JD Wetherspoon, McDonald's, Pizza Hut and Costa Coffee.

      Transport

      Roads: A24, M25

      Rail: Cheam, West Sutton


      Legal documents

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      EPC rating

      The EPC rating for this property is C

      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