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Lot A
214 High Street, Sutton, Surrey SM1 1NU

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6 WEEK COMPLETION

SITUATION

Located in this busy pedestrianised section of the High Street, adjacent to Betfred and RBS and amongst other multiples such as Greggs, Oxfam, Argos, Bon Marche and an Asda Superstore. Sutton Rail Station (Thameslink and Southern Lines), which provides fast access to London, is a short walk away.
Sutton lies some 10 miles south-west of central London and benefits from excellent road and rail links.

PROPERTY

A mid terrace building comprising a Deep Ground Floor Shop with separate rear access to 2 Self-Contained Flats on the first and second floors.

VAT is NOT applicable to this Lot

FREEHOLD

Note: No 182 High Street (shop & 2 flats) sold in May 2017 at a 4.94% Gross Yield

TENANT PROFILE

St Raphael's Hospice was established in 1987 and now operates from 12 Charity Shops employing around 200 paid staff plus over 680 Volunteers. The Charity receives almost 25% Government funding via an NHS Trust. Accounts for the Y/E 31/3/17 reported Total Income of £5.167m and Total Assets of £7.721m. (Visit: www.straphaels.org.uk).

TENANCIES & ACCOMMODATION

*Please note:

RESERVE:The 'Reserve' is the minimum figure for which a property can be sold as agreed between the Seller and the Auctioneer. The 'Reserve' is not disclosed and remains confidential between the Seller and the Auctioneer.

GUIDE: Where a 'Guide' is stated, it is an indication of the Seller's current minimum acceptable price ('Reserve') at auction. A 'Guide' is published to assist prospective buyers in deciding whether or not to pursue a purchase.

A 'Guide' does not represent an anticipated sale price or a valuation and the eventual sale price may be higher or lower. The sale price is determined at auction and as such cannot be predicted in advance.

The 'Guide' can be published as follows:

  • a. 'Reserve below' which means the 'Reserve' will be below the shown amount.
  • b. A single price figure where the 'Reserve' is not to exceed it.
  • c. A single price figure with a + symbol where the 'Reserve' is not to exceed that figure by more than 10%.
  • d. A minimum and maximum price range where the 'Reserve' is to be within that range.

The Seller's expectation as to the sale price may change during the marketing period as a result of interest received from prospective Buyers. Therefore, the Seller may increase or decrease the 'Reserve' at any time up to just before bidding commences. If the 'Reserve' becomes fixed at a level that makes the 'Guide' misleading, the Auctioneers will subsequently issue a revised 'Guide' as soon as is practicable. Accordingly, prospective bidders should monitor the 'Guide' with the Auctioneers prior to the Auction taking place via this website.

In addition to the purchase price the Buyer or Bidder will be liable to pay Barnett Ross Ltd a non-refundable administration fee of £750 including VAT or as specified on the Particulars of Sale and there may also be additional non-optional fixed or variable fees and costs. To establish the full cost of purchasing a property please inspect the special conditions of sale and all other documentation in the legal pack. Please also refer to any addendum that may be displayed on this page.