Lot 71

FREEHOLD COMMERCIAL INVESTMENT

24 & 24A Stonecot Hill, Sutton, Surrey, SM3 9HE
24 & 24A Stonecot Hill, Sutton, Surrey, SM3 9HE
Sold £272,000

Currently let at £15,600 per annum

Situated on the outskirts of Sutton, on the main A24 thoroughfare, is this two storey investment property.

Currently let to a pet shop on the ground floor and a sports therapy clinic on the first floor producing a healthy rental income.

There may be potential for conversion to residential use, subject to all necessary consents being obtainable.

24 Stonecot Hill

Ground Floor

Retail sales area, storage area and separate W.C.

Tenancy

Let under the terms of a five year lease, from 26th August 2015, at a current rental of £750 per calendar month.

24A Stonecot Hill

First Floor

Office one, office two and shower room with W.C.

Tenancy

Let under the terms of a five year lease, from 26th August 2015, at a current rental of £550 per calendar month.

Local Planning Authority

Sutton Council. Tel: 020 8770 5000. Website: sutton.gov.uk.

Important

All lots are sold subject to the Common Auction Conditions and Special Conditions of Sale (unless varied by the Sellers Solicitors), together with the Addendum, which will be available on Auction Day.

* Price Information

Guides are provided as an indication of each Seller’s minimum expectation. They are not necessarily figures at which a property will sell for and may change at any time prior to Auction. Unless stated otherwise, each Lot will be offered subject to a reserve (a figure below which the Auctioneer cannot sell the Lot during the Auction).

We expect the reserve will be set within the guide range or no more than 10% above a single figure guide. Please check our website regularly at cliveemson.co.uk, or contact us on 01622 608400, in order to stay fully informed with the up-to-date information.

Additional Fees

An Administration fee and Other non-optional fees may also be payable in addition to the bid price. All lots are offered subject to the Common Auction Conditions and Special Conditions of Sale or Revised Special Conditions of Sale (as applicable) and may include the repayment of search and other fees and or costs payable by the buyer.

All buyers are advised to inspect all available legal documentation prior to bidding and will be deemed to fully understand what they may be liable for if they are successful in purchasing. This should also include Stamp Duty, Land Registry fees and VAT which may become payable on completion in line with any property transaction, whether it is by auction or private treaty. If, as a buyer, you are in doubt you should seek advice from your own professional advisors. For more information on fees please go to cliveemson.co.uk/buyers-fees/