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No longer on the market

This property is no longer on the market

Retail property (high street)

Auction
Sold STC
Retail property (high street)
721
Added > 14 days

Features and description

  • Full Planning Granted
  • Retail office/shop unit
  • Lock up to rear
  • Investment opportunity
*For sale via secure sale online bidding: terms and conditions apply.*

We are pleased to offer to auction this unusual proposition of a retail shop in a small but busy parade of mixed use shops. The office to the front was receiving a rent Circa £14,000 P/A until very recently with the tenants only vacating due to the upcoming sale of the property. we believe that the space could be suitable for a variety of uses, subject to obtain the relevant planning and licencing.

There is a small office area and a larger lockup to the rear that has just received full planning permission for a one bedroom house to be erected in its place.

Above the shop that although is not included in sale, is part of the overall freehold interest. This has no ground rent but the lease I have been informed has 65 years remaining so there will be a not insignificant value in a future marriage value when the lease requires renewing.

This could be an ideal work live project for someone, a company or a buy to let investment. The present owners are a building firm and would even offer an advantageous build cost if desired.


Please note we have not inspected this property.

Rooms

Location
The subject property is located along Epsom Road, a mixed use area in Sutton. The property is close to St Heller's Hospital, local amenities and transport links. London City Centre is approximately 14 miles away.

Accommodation
Unusual proposition of a retail shop in a small but busy parade of mixed use shops. The office to the front was receiving a rent Circa £14,000 P/A until very recently. In fact only a couple of weeks ago, the tenants only left because of the upcoming sale of the property. There is a small office area and a larger lockup to the rear that has just received planning permission for a one bedroom house to be erected in its place. There is a flat above the shop that although is not included in sale, is part of the overall freehold interest.

Tenure
Freehold. Title number SGL522732

Rateable Value
The current rateable value is £9,300 (1 April 2023 to present). Sourced from VOA.

EPC
Available Upon Request (Rating C).

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Area statistics

Crime score
Low crime
3/10

About this agent

Pattinson - Commercial
Pattinson - Commercial
2 Hill Street, Gateshead Tyne and Wear NE8 2AS
0191 392 0913
Full profileProperty listings
Pattinson Estate Agency is an award-winning family-run business that was Launched in 1977 on Independence Day. This is no coincidence, as independence is central to our company ethos. We are the most recognised estate agency in the North East, and in that time we have grown from 1 office to 28, with 300 members of staff, and we officially sell more properties in the North East, than any other estate agency. However, we don’t just sell houses! Our many property services include sales, lettings (property management), auction, commercial, financial services, conveyance and surveys, and we have it all under one roof! We can be contacted 6 days a week at extended hours, as we have a dedicated Regional Team who take the overspill calls from our 28 branches, so all client relationships are built and maintained. At Pattinsons, we are innovative leaders in the property industry, with pro-active selling, a reliable reputation, and substantial repeat business. Our national secure sale department, ‘Pattinson Auction’, was launched 33 years ago, and is going from strength to strength. As serious players in the field of digital marketing, we successfully utilise the social media platforms TikTok, Facebook and Instagram as part of our extensive marketing process. We have a wealth of knowledge and an expansive network to help find the best solution for you and your property requirements. You can trust Pattinsons, the North East’s leading estate agency.
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