SUTTON, SURREY, SM1 1PX
SUTTON STATION ST NICHOLAS SHOPPING CENTRE WEST SUTTON STATION SOVEREIGN PLACE THE OLD GAS WORKS (THE QUARTER) SUTTON GREEN SUTTON COMMON Outline for indicative purposes only.
FREEHOLD OFFICE OPPORTUNITY Currently comprises a 6 storey office building providing 1,898 sq m (20,435 sq ft) Vacant possession of the offices later this year 3 telephone masts on the roof with a total income of 46,237 pa Prominently located in Town Centre Multiple new developments in close proximity Freehold Car Parking for 34 cars Significant Asset Management Potential Significant Development Potential STP We are instructed to seek offers in excess of 3,800,000 (Three Million, Eight Hundred Thousand Pounds) subject to contract and exclusive of VAT This equates to a capital value of 186 psf.
LOCATION A217 Common The London suburb of is an affluent, popular commuter town that is located approximately 11 miles south-west of Central London, approximately 6 miles west of Croydon and 4 miles east of Epsom within the London Borough of. benefits from excellent local amenities and connectivity and as such, demand for residential housing by owner occupiers and buy to let investors is high. boasts some of the most highly rated schools in the UK, with Grammar School rated as Outstanding by Ofsted. In addition, The London Borough of is one of the greenest in London, with 61 Parks and 25 Open Access Gardens. In its entirety, the total amount of green space totals approximately 600 ha, which equates to 14% of the Borough s land area. ST DUNSTAN S HILL A217 West United Football Club COLLINGWOOD RD ST JAMES RD STAYTON RD HIGH STREET ST NICHOLAS WAY LEW IS RD TOWN CENTRE Saint Nicholas Centre Time Square Shopping Centre ALL SAINTS RD OAKHILL RD BRUNSW ICK RD BENHILL WOOD RD ELGIN RD GREYHOUND RD Manor Park BENHILL RD LOWER CARSHALTON ROAD RD Royston Park A232 A232 Cross LONDON A404 J16 A40 Wembley Uxbridge Maidenhead A404(M) Slough Southall Windsor M4 Fulham J15 M4 Heathrow Richmond Clapham A316 Staines Egham Kingston Bracknall Upon Thames A23 A322 M3 A309 A3 Croydon J12 Bagshot Walton-on-Thames SUTTONA232 M25 Epsom Woking A217 J10 A22 J9 A331 A3 M25 dershot GUILDFORD Reigate Dorking J8 J7 J6 London City A2 A20 Bromley Swanley Romford A13 M25 Dartford J5 J3 J2 A21 M25 M20 Biggin Hill M26 Sevenoaks Oxted A21 Stanford-le- Gravesend M Snodlan M2 Maid A26
Finchley High Barnet Edgware King s Cross Euston Highbury & Islington Heathrow Airport Ealing Broadway Victoria Charing Cross Farringdon Bank Earls Court Blackfriars Whitechapel Clapham Junction Waterloo London Bridge Canary Wharf Richmond Canada Water Key Northern Line District Line National Rail London Overground Tramlink Stations London Underground Tram London Overground National Rail Common Wimbledon West Epsom To Dorking Morden South Wimbledon Mitcham Junction Elephant & Castle West Croydon East Croydon GatwickAirport South Croydon Norwood Junction Beckenham Junction New Addington Paris Brussels Lille To Maidstone DEMOGRAPHICS 80% of Residents aged between 16-64 are economically active 40% of working age residents hold a degree level qualification is one of the top three safest boroughs in London, 6,800+ businesses make up s vibrant business community Unemployment is very low in, at 3.9%, compared to the London average of 4.9% CONNECTIVITY is extremely well connected: Road benefits from having the A23 to the east and A24 to the west of the town centre, with both providing direct access to central London. Furthermore, the A217 runs through and leads directly to junction 8 of the M25 approximately 12km (7.5 miles) south. Rail Southern Rail and Thameslink rail lines run directly through, offering routes to several prominent mainline Central London Stations including London Victoria (journey time: 26 minutes), Farringdon (journey time: 41 minutes), St Pancras International (journey time: 46 minutes) and Wimbledon (journey time: 17 minutes). Air is very well situated in regard to airports, with London Heathrow 25.7 km (16 miles) north west, London Gatwick 26.5 km (16.5miles) south and London City Airport 27 km (17 miles) north east.
1 5 HELENA HOUSE SCHEDULE OF ACCOMMODATION AND TENANCIES The property provides the following schedule of accommodation and tenancies: Floor Present Lease Accommodation NIA (sq m) Ground to Third Floors Fourth Fifth The Secretary of State for Communities and Local Government (in occupation since 1963) The Secretary of State for Communities and Local Government (in occupation since 1963) The Secretary of State for Communities and Local Government (in occupation since 1963) Overall Total NIA 1 1,898 20,435 50,762.79 348-352 High Street,, SM1 1PX NIA (sq ft) Lease Terms Current Rent p.a. Ground Floor 219 2,357 To be offered with vacant possession 0 First Floor 345 3,713 Second Floor 345 3,713 Third Floor 345 3,713 Fourth Floor 345 3,713 To be offered with vacant possession 0 Fifth Floor 299.5 3,224 To be offered with vacant possession 0 Roof EE/H3G UK Ltd Telecommunications Site A term of years from 22.05.2023 Rent review every 3rd year linked to RPI (1) Roof Vodafone Ltd Telecommunications Site 10 years expiring 25.06.03 (1) 17,336.11 Roof Telefonica O2 UK Ltd Telecommunications Site 10 years expiring 01.04.05 (1) 16,088.81 (1) Lease excluded from Security and Compensation Provisions of the Landlord & Tenant Act 1954. 17,337.87 Posts 1 to 3 Oakhill Lodge Lodge The Green 35.4m 1 to 9 42 41a SITUATION The property is situated on the east side of High Street, directly opposite the picturesque open space of Green and within walking distance of a number of local stations, including, Common Station, West Station and Railway Station as well as the main retail centre of. The property benefits from being situated 600m (0.4 miles) south of Common station and 1.2 km (0.8 miles) north of Railway Station and 1.1 km (0.7 miles) north east of West Station as well as having a bus stop, which offers multiple routes situated approximately 80 metres on the High Street to the north. The site is prominently situated to benefit from the amenities offered further along High Street, including a recently opened Sainsbury s Supermarket 300 metres to the south. Other notable occupiers in close proximity include, Halfords, Matalan, Topps Tiles, Domino s Pizza and Asda. There are two shopping centres in the vicinity, St. Nicholas Shopping Centre and Times Square Shopping Centre which are located 0.8km (0.5 miles) and 0.95 km (0.6 miles) to the south The surrounding area can be classified as a mixture of residential and commercial uses with many new residential and mixed use developments being erected in the vicinity. DESCRIPTION The property is arranged on ground and five upper floors to provide office accommodation totalling 1,898 sq m (20,435 sq ft) NIA. The offices are arranged to provide a mix of cellular and open plan accommodation. The property benefits from an 8 person passenger lift serving all floors, male & female WCs (on each floor), central heating, air conditioning on first and second floor and 34 parking spaces, 26 are to the rear and 8 at the front. Access to the offices is via a reception from the High Street where as the car park is approached from the rear via Lewis Road. TENURE Freehold. SITE AREA Approximate site area of 0.126 hectares (0.25 acres)* *This is an approximation and should not be replied upon. THE GREEN 1 Posts Play Area PC 333 341 TCB 34.3m 34.0m HIGH STREET Shelter 344 354 364 348 to 352 366 362 1 to 9 2 El Sub Sta 2 10 to 19 Gateway Court El Sub Sta CF 10 23 29 23 Und Def 26 28 37.7m 37 OAKHILL ROAD CF Ward Bdy PARSONS CLOSE 47 7 to 12 1 1 328 1 to 41 Sovereign Apartments Ordnance Survey Crown Copyright 2018. All rights reserved. Licence number 100022432. Plotted Scale - 1:1250 1a 1b 10 to 15 13 31 37 24 30 26 41 40 40a Garage 38 0m 10m 20m 30m Crown Copyright, ES 100004106. For identification purposes only.
ASSET MANAGEMENT OPPORTUNITIES The property offers a number of asset management opportunities, including: a) Re-let the offices: Source occupiers to take-up current office accommodation. b) Refurbish: The property provides the purchaser the opportunity to further enhance rental value through refurbishing and or improving the office accommodation. Recently refurbished offices in are being marketed at 22.00 psf c) Conversion to Alternative Use: Subject to planning, the site presents an excellent opportunity to obtain planning permission to convert the current office use to a variety of potential other uses residential, student, assembly & leisure, retail, non-residential institution including Sui Generis, subject to all necessary planning consents. PLANNING The Local Planning Authority is: Council T: 020 8770 5000 www.sutton.gov.uk The property is located within an Article 4 directive area. This means that permitted development rights have been removed and planning permission is required for conversion to alternative uses. Potential Alternative uses include: Residential Mixed commercial/residential Student Hotel School/ Education Hostel RESIDENTIAL SCHEMES IN THE AREA The Old Gas Works, The Quarter Mixed Use scheme completed in 2016 comprising: Supermarket (Sainsbury s), nine retail units and 181 residential apartments and five town houses. These were all sold by 2017. More recently, a handful of apartments have come back to the market at asking prices ranging between 465 psf - 525 psf. Sovereign Place (Adjacent to property (2 doors down) This Mixed Use scheme is due to be completed later this year, comprising two commercial units and 40 residential units along with 26 car parking spaces.
SUTTON, SURREY, SM1 1PX EPC Available in the dataroom. VAT The property has been elected for VAT. It is anticipated that the sale will be treated as a Transfer of a Going Concern (TOGC). DATAROOM For Dataroom access please use the following link: https://datarooms.allsop.co.uk/register/ PROPOSAL We are instructed to seek offers in excess of 3,800,000 (Three Million, Eight Hundred Thousand Pounds) subject to contract and exclusive of VAT. This equates to a capital value of 186 psf. For further information or to make arrangements for viewing please contact: PRIVATE CLIENT TEAM Ronnie Morgan 020 7543 6808 ronnie.morgan@allsop.co.uk RESIDENTIAL INVESTMENT & DEVELOPMENT Alex Butler 020 7543 6722 alex.butler@allsop.co.uk Michael Linane 020 7344 2623 michael.linane@allsop.co.uk Richard How 020 7344 2652 richard.how@allsop.co.uk www.allsop.co.uk Misrepresentation Act: 1. Allsop LLP on its own behalf and on behalf of the vendor/lessor of this property whose agent Allsop LLP is, gives notice that: (a) these particulars do not constitute in whole or in part an offer or contract for sale or lease; (b) none of the statements contained in these particulars as to the property are to be relied on as statements or representations of fact; and (c) the vendor/lessor does not make or give, and neither Allsop LLP nor any of its members or any person in its employment has any authority to make or give, any representation or warranty whatsoever in relation to the property. The only representations, warranties, undertakings and contractual obligations to be given or undertaken by the vendor/lessor are those contained and expressly referred to in the written contract for sale or agreement for lease between the vendor/lessor and a purchaser or tenant. 2. Prospective purchasers or tenants are strongly advised to: (a) satisfy themselves as to the correctness of each statement contained in these particulars; (b) inspect the property and the neighbouring area; (c) ensure that any items expressed to be included are available and in working order; (d) arrange a full structural (and where appropriate environmental) survey of the property; and (e) carry out all necessary searches and enquiries. Allsop is the trading name of Allsop LLP. Design CommandD www.commandhq.co.uk 06.18