Investment to Rent
A new assignment opportunity in the heart of the very popular Sutton High-street. The unit is comprised of high-quality commercial space over the ground floor and basement only.
The commercial demise is currently let of a 10-year lease from the 30th August 2018, with a current passing rent of £43,500 per annum, exclusive of VAT. The rent will be increased to £45,000 on the third anniversary of the lease and then to £46,000 for the 4th year. There are 5 yearly rent reviews and a break clause on the 30th August 2023.
Location The property is excellently positioned in the heart of Sutton, on the busy Sutton High-street. The property benefits from excellent transport links with Sutton station being under a 10-minute walk away, providing easy access to the National Rail lines. There are also multiple buses in the nearby area, providing access to Wallington, Kingston and Worcester Park. The unit is surrounded by retailers inlduing Boots, Costa and Pure Gym.