TypeRetail Investments

SM3 362 Sutton Common Road, Sutton

TenureFor sale

362 Sutton Common Road, Sutton, SM3 1/1

Specification

Building size
Building size 496 sqft
Property type
Property type Retail Investments
Tenure
Tenure For sale

Description

Retail Investment of mid-terraced property of traditional brick construction beneath a pitched tiled roof, with commercial to the ground floor, and residential upper parts.

- Current rental income £15,000 per annum exclusive

- Let out on a Full Repairing and Insuring Lease for a term of 10 years from 01/10/2021 expiring 30/09/2031 to Plumbminto's Limited

- Upcoming rent review due on 01/10/2026

- Residential upper parts sold off on a long lease of 999 years from 24/06/1987

Lease held outside the Security of Tenure and Compensation Provisions of the Landlord & Tenant Act 1954 (as amended) Part II

Location

The property is prominently located on the north-eastern side of Sutton Common Road, close to its junction with Forest Road.

Amenities

Rental Income £15,000 pa

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