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Lot 4

Freehold Town Centre Commercial Investment plus Car Park
In same ownership for over 20 years
6 Week Completion

Situation

Located in this prominent position at the junction with High Street and diagonally opposite Sutton Rail Station which provides fast access to central London. Nearby occupiers include Tesco Express, Anytime Fitness, William Hill, Nando's and Zizzi as well as a host of independent traders all serving the surrounding residential population. In addition, the pedestrianised town centre is less than 150 yards distant.
Sutton lies some 7 miles west of Croydon and 10 miles south-west of central London.

Property

A mid terraced building comprising:
• 2 intercommunicating Ground Floor Shops
• 1 Ground Floor Restaurant/Takeaway
• Separate front access to a Self-Contained First and Second Floor with F1 Use (Non-residential education centre).
• Separate rear Car Park for 11 cars with vehicular access via a right of way through Mulgrave Chambers which is the adjoining development.

VAT is applicable to this Lot

FREEHOLD

Note 1: There may be potential for a residential development on the rear car park, subject to obtaining possession and the necessary consents.

Note 2: There may be potential to convert the first and second floors to Residential Use, subject to obtaining possession and the necessary consents.

Note 3: There may be potential to add a third floor for Residential Use, subject to obtaining the necessary consents.

*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.

2–6 Mulgrave Road, Sutton, Surrey SM2 6LE