Retail/Shop for sale Sutton SM1 1DT,6219sq ft

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Retail/Shop

Retail/Shop For Sale Sutton

PROPERTY ID: 143815

PROPERTY TYPE

Retail/Shop

STATUS

Available

SIZE

6,219 sq.ft

Key Features

Greater London freehold with extensive development potential

Prime, pedestrianised, High Street location

Potential for residential conversion and new build, retaining retail

Seven flat development concept

Lloyds Bank PLC covenant on recently renewed lease, securing £83,500 pax rent until March 2028

Lloyds has had a tenancy since 1987

51 and 53 High Street is under a single title, let on a single FRI lease

Potential to reconfigure to self-contained ground floor commercial

Property Details

The building is situated in the centre of the London Borough of Sutton, in the Conservation Area at Sutton Town Centre High Street Crossroads. The High Street is pedestrianised and forms the primary retail pitch in the town. Sutton is a popular town and retail centre located 11 miles south west of Central London, 4 miles west of Croydon and 4 miles north east of Epsom. Sutton lies between Gatwick and Heathrow. The M25 (Junction 7) is 6 miles away and the A3 is 4 miles away providing links to Central London. Sutton Rail Station is 130 metres from the property and provides regular services to London Victoria (from 31 minutes) and London Bridge (from 32 minutes). The property is beside main bus routes, including Greater London Superloop. The property is situated in the pedestrianised town centre on the west side of the High Street, close to the crossroads with the A232/Carshalton Road. Occupiers close by include: Ladbrokes (adjacent) Morrisons Pizza Express Zizzi Nandos Betfred Subway Foxtons Barclays Bank Primark Next WH Smith Sports Direct Starbucks H Samuel Clarkes Jewellers Whittard of Chelsea Silk Road Rugs Anaya's Collection Pop Mart Soho Store Clintons Marks and Spencer Highgate Contemporary Art

The Property Comprises A Period, Three-storey Street-facing, Mid-terrace Building, Arranged As A Ground-floor Banking Unit With Ancillary Accommodation Towards The Front At First And Second Floors, All Occupied By Lloyds. On The Basis Of The Building's Layout - But Subject To Investigation By Purchasers - There Is Potential To Convert The Upper Parts And Some Of The Ground Floor Rear Into Residential Accommodation, While Retaining A Retail Space, Along With Further Potential For Vertical Extension To The Rear Of The Property, Increasing The Mass. In The Interim, Lloyds' Lease Offers £83,500 Pax Rent Until March 2028. Conceptual Plans For Remodelled Gf Retail Space Plus Seven Flats Across Gf, 1f And 2f Are Set Out, On A No-liability Basis, For Consideration And Investigation By Purchasers.

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About the Agent

Stiles Harold Williams Partnership LLP

See Agent's Other Properties

Retail Unit

£1,200,000 Freehold

51-53 High Street, Sutton, SM1 1DT

Retail/Shop - Available
6,219 sq ft
578 sqm

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