icons_size_white icons_size

AGENT'S DETAILS


Sutton - Freehold Residential & Retail Ground Rent Investment

For sale: £2,500,000.00|4918 Sq Ft|Retail - High Street, Mixed Use, Retail, Other Property Types & Opportunities

PROPERTY DETAILS

FOR SALE£2,500,000.00
SIZE4918 Sq Ft
ADDRESS29 The Market, Wrythe Lane, Sutton, Greater London SM5 1AG
TYPERetail - High Street, Mixed Use, Retail, Other Property Types & Opportunities
TENUREFor Sale Freehold
POSTED ON9th March 2021

DESCRIPTION

Investment Consideration:
Purchase Price: £2,500,000
Gross Initial Yield: 5.04%
Rental Income: £125,953.44 p.a.
VAT is NOT applicable to this property
Comprises ground floor shop (sold off), 9 x Studio flats, 2 x 2-Bed flats and 1 x Letting Room, arranged over first, second and third floor.
Recently refurbished to a high quality standard
Property includes 2 x full sized kitchens on second and third floor.
Located within 4 minute drive from Morden Station which provides direct services to Central London and a 10 minute walk from Sutton High Street, providing quick access to a range of local shops and amenities.
Nearby occupiers include Lidl, Papa Johns, William Hill and B&B, amongst other retailers

Property Description:
The property comprises ground floor shop (sold off),
9 x Studio flats, 2 x 2-Bed flats and 1 x Letting Room arranged over first, second and third floor. Property includes 2 x full sized kitchens on second and third floor.

The property provides the following accommodation and dimensions:
Ground Floor: 253 sq m (2,723 sq ft)
Retail Shop - 194 sq m (2,088 sq ft)
Flat No. 29c - 59 sq m (635 sq ft)
First Floor: 64 sq m (689 sq ft)
Flat 1 - 17 sq m (183 sq ft)
Flat 2 - 15 sq m (161 sq ft)
Flat 3 - 17 sq m (183 sq ft)
Flat 10 - 15 sq m (161 sq ft)
Second Floor: 49 sq m (527 sq ft)
Flat 4 - 15 sq m (161 sq ft)
Flat 5 - 18 sq m (194 sq ft)
Flat 6 - 16 sq m (172 sq ft)
Third Floor: 91 sq m (979 sq ft)
Flat 7 - 15 sq m (161 sq ft)
Flat 8 - 16 sq m (172 sq ft)
Flat 9 - 19 sq m (205 sq ft)
Flat 29b - 41 sq m (441 sq ft)

Total area size: 457 sq m (4,918 sq ft)

Tenancy:
The ground floor retail shop has been sold off on a 999 year leasehold from 2019 at a ground rent of peppercorn.
Flat 1 is at present let on a Guaranteed Lease Agreement to Theori Housing for a term of 3 Years from 30th August 2019 at a current rent of £10,471.20 p.a. Flat 2 is at present let on a Guaranteed Lease Agreement to Theori Housing for a term of 3 Years from 30th August 2019 at a current rent of £10,471.20 p.a. Flat 3 is at present let on a Guaranteed Lease Agreement to Theori Housing for a term of 3 Years from 30th August 2019 at a current rent of £10,471.20 p.a. Flat 4 is at present let on a Guaranteed Lease Agreement to Theori Housing for a term of 3 Years from 30th August 2019 at a current rent of £10,471.20 p.a. Flat 5 is at present let on a Guaranteed Lease Agreement to Theori Housing for a term of 3 Years from 30th August 2019 at a current rent of £10,471.20 p.a. Flat 6 is at present let on a Guaranteed Lease Agreement to Theori Housing for a term of 3 Years from 30th August 2019 at a current rent of £10,471.20 p.a. Flat 7 is at present let on a Guaranteed Lease Agreement to Theori Housing for a term of 3 Years from 30th August 2019 at a current rent of £10,471.20 p.a. Flat 8 is at present let on a Guaranteed Lease Agreement to Theori Housing for a term of 3 Years from 30th August 2019 at a current rent of £10,471.20 p.a. Flat 9 is at present let on a Guaranteed Lease Agreement to Theori Housing for a term of 3 Years from 30th August 2019 at a current rent of £10,471.20 p.a. Flat 10 is at present let on a Guaranteed Lease Agreement to Theori Housing for a term of 3 Years from 30th August 2019 at a current rent of £10,471.20 p.a. Flat 29B is at present let on a Guaranteed Lease Agreement to Theori Housing for a term of 3 Years from 30th August 2019 at a current rent of £13,163.76 p.a. Flat 29C is at present let on a Guaranteed Lease Agreement to Theori Housing for a term of 3 Years from 30th August 2019 at a current rent of £13,163.76 p.a.

Location:
Sutton is the principal town of the eponymous London Borough of Sutton in South London, England. It lies on the lower slopes of the North Downs, and is the administrative headquarters of the Outer London borough. It is 10 miles (16 km) south-south west of Charing Cross, and is one of the thirteen metropolitan centres in the London Plan. Sutton station is the town's major station, from where frequent direct trains run to several main central London stations − London Victoria, London Bridge, Blackfriars, City Thameslink and, for Eurostar services, St Pancras International. The station is served by both Thameslink and Southern. The fastest of the Victoria-bound trains from Sutton station take 25 minutes. The property is located within 4 minute drive from Morden Station which provides direct services to Central London and a 10 minute walk from Sutton High Street, providing quick access to a range of local shops and amenities. Nearby occupiers include Lidl, Papa Johns, William Hill and B&B, amongst other retailers

LOCATION

Location: 29 The Market, Wrythe Lane, Sutton, Greater London SM5 1AG

Morden (1.3 miles)

South Wimbledon (2.2 miles)

Colliers Wood (2.5 miles)

St Helier (0.6 miles)

Sutton Common (0.7 miles)

Morden South (1.0 miles)

close
What do you think of our website?
Complete our survey and
you could win £1000
Start here