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Topps Tiles, Sutton, Greater London


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Basic Facts

Status: Type: Tenure: Freehold Gross Rent: £ 90,000
Area: 5575 sq ft Lot size: 0.34 acres Years left on Lease: 8.8

Property Description

  • Freehold Blue-Chip Retail Investment in London
  • 5,575 sq ft single storey unit with rear car park for 27 cars

Location Description

  • Sutton is a large town, and the principal town of the eponymous London Borough of Sutton in South London
  • The property is located in the main shopping precinct in Sutton close to the main through road from Cheam into Croydon.
  • 5,575 sq ft single storey unit with rear car park for 27 cars

Tenancy & Additional Notes

  • Let to Morrison Convenience Stores Ltd (Guarantor from WM Morrison Supermarkets PLC) and assigned to Topps Tiles until 2028 with a Rent Review and Tenant Break on 09/10/2023.
  • Rent Reviews subject to RPI with a collar & cap of 0-3% p.a. compounded
  • Potential to redevelop, subject to planning, ground plus 10 uppers. A1 on ground of approx. 4,000sqft + 60 resi units totalling 43,000 sq ft.

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