Property in barnett ross auction on 29th october 2019. lot no: 10 auction venue: the montcalm hotel, 34-40 great cumberland place, marble arch, london w1h 7tn guide price: £150,000 gross initial yield: 8.67% 6 week completion vat is not applicable to this lot lease expiring in 2028. rent review 2023 there is a tenant’s option to break in the fifth year well located close to epsom rail station.
Tenure: leasehold for a term of 999 years from 5th march 2019 at a peppercorn ground rent.
Location: located in a busy main road position in the office sector of the town, adjacent to mail boxes etc and close to a majestic wine warehouse and office outlet and only a minute’s walk from the intersection with high street with its multiple shopping facilities.
Epsom is a busy and prosperous suburban town located approximately 7½ miles south of kingston-upon-thames and 16 miles south-west of central london and enjoying excellent road access via the m25 (junction 9) and the a24..
00:00 29 Oct 2019
00:00 29 Oct 2019
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Property facts for 10C East St, Epsom
Description: Forming part of this established parade comprising a Ground Floor Unit with D1 Use. The property provides the following accommodation and dimensions: Ground Floor Unit: Internal Width 12'0" Shop Depth 28'8" WC
Tenancy: The property is let on a full repairing and insuring lease to G. P. Pacheco as a Kumon Educational Centre for a term of 10 years from 14th November 2018 at a current rent of £13,000 per annum exclusive.
The tenant operates a Kumon franchise which is the UK’s largest supplementary education provider, offering individualised Maths and English programmes to help any child of any ability. Kumon currently operate from over 600 Study Centres in the UK (source: www.kumon. co.uk).
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