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Unit 9, Four Season Industrial Estate, Four Seasons Crescent, SUTTON, Surrey, SM3 9QR

21st May 2019
starts 10:30 AM at Grand Connaught Rooms
last bid was £323,000, sold after
undisclosed

Tenure: Leasehold.  Lease Information awaited.  Please check the Legal Pack for further details.

TO BE OFFERED AS SEPARATE LOTS
Five long leasehold industrial estate
Established business location
Investments with significant growth potential


Location:
The property forms part of the main Kimpton Industrial Estate which lies off Kimpton Parkway connecting immediately to the A217 Oldfield Road linking Morden and Mitcham through towards Sutton and then south towards Banstead, the M25 (junction 8) and Reigate. This is the premier business park within the Sutton area and host to a significant volume of major multiples. The Wickes store lies at the entrance to Kimpton Parkway with the A217 with other main users within the estate including Toolstation, Big Yellow Self Storage, Travis Perkins, Selco Builders Merchants, Halfords Auto Centres, Screwfix, Howdens and many other major multiples. The industrial estate is also next to the main Tesco Supertore and McDonald’s Drive-Thru located with access directly from the A217. The locality has the benefit of significant road links with the A217 providing access north towards South West London locations such as Mitcham, Morden, Balham, Earlsfield and Wimbledon whilst leading south towards Sutton with Epsom and Ewell to the south west whilst the A217 also provides access further south to the M25 motorway.

Description:
The properties were developed in the early 90s and comprise nine business units of steel construction with brick clad elevations below pitched roof. The estate is arranged to provide two blocks of business units with vehicular access (Four Seasons Crescent) providing an in and out access directly to Kimpton Road which links straight to Kimpton Parkway. The estate therefore provides a significant parking with good road visibility to Kimpton Road within this very established business locality.

Potential:
Clearly these properties offer significant rental growth potential with rent reviews not only this year but also in 2021 and 2022.

Tenure:
Each lot is sold on a lease for a term of 125 years from 4th July 1983 at a current ground rent equvialent to 1/9th plus 15% of the passing rent payable to Sutton Council under the headlease. The current ground rent is £8,561.12 per unit.

VAT:
The property is NOT elected for VAT.

To view:
Strictly and only by prior arrangement with the auctioneers. Please see important advice for viewers on page 19 of the catalogue.



Important Notice:
For each Lot, a contract documentation fee of £1,150 (inclusive of VAT) is payable to Barnard Marcus Auctions by the buyer. The seller may charge additional fees payable upon completion. If applicable, such fees are detailed within the Special Conditions of Sale. Buyers are deemed to bid in full knowledge of this.

The Guide Price quoted must not be relied upon by prospective purchasers as a valuation or assessment of value of the property. It is intended to provide purchasers with an indication of the region at which the reserve may be set at the time of going to press. The guide price may be subject to variation and interested parties are advised to make regular checks for variations and should be aware that the reserve price may be either below or above the quoted guide price.

Prospective purchasers should also be aware that the eventual sale price may be above or below the guide level dependent upon competition, and should therefore not presume the guide to be indicative of the final expected sale price or the price the property is available at.

When setting the guide price, the auctioneers have given consideration to the seller’s instructions in respect of their indicated reserve price at the time of instruction. The reserve price, (the level below which the property will not be sold), remains confidential between the seller and the auctioneer. The guide price therefore, is intended to indicate the region at which the reserve price is intended to be set. The seller will confirm their final reserve price close to the auction date and if appropriate the auctioneers may adjust the guide price to reflect this.
Whilst Barnard Marcus make every effort to ensure the safety and security of viewers at properties, we have not carried out a detailed Health & Safety inspection of properties in our auctions and cannot therefore guarantee the safety and security of viewers.
Prospective purchasers and bidders attend properties entirely at their own risk. Particular care should be taken when accessing cellars, attics, exterior grounds and outbuildings and boundaries. All non-conducted inspections of vacant sites should be made in daylight hours only and entry into such sites is entirely at the viewers risk.



1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. Measurements: These approximate room sizes are only intended as general guidance. You must verify the dimensions carefully before ordering carpets or any built-in furniture.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER SEQUENCE (UK) LIMITED NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.

Lot location is based upon nearest property postcode only. Actual location of property being sold may differ.

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lot infomation last updated: 31st May 2019 at 09:39 AM
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