November 2021: Wednesday 10 November 2021 - 9:00am
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    Key features

    • Freehold commercial investment
    • Currently producing £31,500 per annum
    • Income from two sources
    • Operating as a hand car wash - plus a former café now used as offices by a vehicle recovery firm


    Description

    The property comprises a good sized roadside site accessible from the southbound carriageway of the A23 Brighton Road. The property is arranged as a former café building, now utilised by a recovery business and an open carwash operating from the remainder of the site.

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    Additional information

    Tenure

    Freehold

    Accommodation

    Total site area approximately 10,000 ft2 upon which is constructed the former café which totals 675 ft2 approx.

    Tenancy

    The former cafe and part of the land is let to Rescue 24/7 Limited under a lease dated 23 October 2017 for a term of 15 years at an initial rent of £16,500 per annum exclusive. The lease allows for rent to be paid monthly and for the tenant to be responsible for 60% of additional outgoings.

    The remainder of the site is let to a private individual operating as a carwash under a lease dated 6 April 2018 for a term of 15 years. The initial rent is £15,000 per annum exclusive.

    Planning

    It is considered that the site may have potential to create additional income through advertising hoardings, subject to any necessary consents.

    Rent

    £31,500
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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 situated fronting Brighton Road to the south of Coulsdon in an exceptionally visible position.

      The site is situated between Coulsdon and the M25 and the property benefits from vast quantities of passing vehicular traffic which is particularly heavy during the rush-hour periods but relatively constant throughout the day.

      The A23 is the main access road between the M25 and Croydon and South-West London and the site is able to service a wide catchment as a result.

      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