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Lot 10 Click here for addendum

6 Week Completion

Situation

Located in a busy main road position in the Office Sector of the town, adjacent to Mail Boxes Etc and close to a Majestic Wine Warehouse and Office Outlet and only a minute's walk from the intersection with High Street with its multiple shopping facilities.
Epsom is a busy and prosperous suburban town located approximately 7½ miles south of Kingston-upon-Thames and 16 miles south-west of central London and enjoying excellent road access via the M25 (Junction 9) and the A24.

Property

Forming part of this established parade comprising a Ground Floor Unit with D1 Use.

Accommodation

Ground Floor Unit
Internal Width 12'0”
Shop Depth 28'8”
WC

VAT is NOT applicable to this Lot

Tenancy

The property is let on a full repairing and insuring lease to G. P. Pacheco as a Kumon Educational Centre (see Tenant Profile) for a term of 10 years from 14th November 2018 at a current rent of £13,000 per annum exclusive.

Rent Review and Tenant's Break 2023

Tenure

Leasehold for a term of 999 years from 5th March 2019 at a peppercorn ground rent.

Tenant Profile

The tenant operates a Kumon franchise which is the UK's largest supplementary education provider, offering individualised Maths and English programmes to help any child of any ability. Kumon currently operate from over 600 Study Centres in the UK (source: www.kumon.co.uk).

*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 Successful Buyer or Successful Bidder will be liable to pay Barnett Ross Ltd a non-refundable administration fee of £1,500 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.

10C East Street, Epsom, Surrey KT17 1HH