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Prominent Assignment Opportunity 89 High Street, Sutton, SM1 1JF

Prominent Assignment Opportunity

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Page 1: Prominent Assignment Opportunity

Prominent Assignment Opportunity 89 High Street, Sutton, SM1 1JF

Page 2: Prominent Assignment Opportunity

Location The property is excellently positioned in the heart of Sutton, on the busy Sutton High-street. The property benefits from excellent transport links with Sutton station being under a 10-minute walk away, providing easy access to the National Rail lines. There are also multiple buses in the nearby area, providing access to Wallington, Kingston and Worcester Park. The unit is surrounded by retailers inlduing Boots, Costa and Pure Gym. Description A new assignment opportunity in the heart of the very popular Sutton High-street. The unit is comprised of high-quality commercial space over the ground floor and basement only. Size Section sq ft sq m

Ground Floor 1,082.63 100.58

Basement 325.82 30.27 Total 1,408.45 130.85 Lease Terms

The commercial demise is currently let of a 10-year lease from the 30th August 2018, with a current passing rent of £43,500 per annum, exclusive of VAT. The rent will be increased to £45,000 on the third anniversary of the lease and then to £46,000 for the 4th year. There are 5 yearly rent reviews and a break clause on the 30th August 2023.

South West and West London

KFH House

5 Compton Road

London SW19 7QA

T 020 8739 2090

Central and South East London

KFH London Bridge

44-48 Borough High Street

London SE1 1XB

T 020 7993 0750

Page 3: Prominent Assignment Opportunity

Premium

An asking premium of £45,000. Business Rates

The property has a Rateable Value of £43,632.

Interested parties are advised to make their

own enquiries of the Local Authority, London

Borough of Sutton , for verification of rates

payable.

EPC

E-114 Viewing

Strictly through Sole Agents:

Kinleigh Folkard and Hayward Contact: Leo Marmion T 020 8739 2127 E [email protected] Contact: Hector Nelson T 0208 739 2089 E [email protected] www.kfh.co.uk/commercial-property

Our commercial property services include:

- Investment - Acquisition - Leisure - Rent Review

- Development - Office - D1 - Commercial Property Management

- Agency - Retail - Valuation Services - Building Consultancy

- Disposal - Industrial - Lease Renewals

Important DISCLAIMER: All areas are approximate and measured in according with RICS Code of measuring practice 6th edition. The building may present anomalies in relation to survey/drawn plans. This information must not be relied upon to form the basis of any offer or contract. Kinleigh Folkard & Hayward for themselves and for the Lessors, Vendors or Assignors of this property whose agents they are, give notice that: 1. These particulars are set out as a general outline only for guidance to intending Purchasers, Lessees and Assignees and do not constitute any part of an offer or contract. 2. Details are given without any responsibility and any intending Purchasers, Lessees, Assignees or Third Parties should not rely on them as statements or representations of fact, but must satisfy themselves by inspection or otherwise as to the correctness of each of them. 3. No person in the employment of Kinleigh Folkard & Hayward has any authority to make any representation or warranty whatsoever in relation to this property. Subject to contract.