FOR SALE

High Street, Sutton SM1 1JU

Offers in excess of £500,000

Description

The property comprises the first and second floors located above three adjoining properties known as 193, 195 and 199 High Street extending to approximately 3,409 sq.ft.

The ground floor at 193 High Street is currently occupied by Snappy Snaps with the first and second floors vacant. The ground floor’s at 195 and 199 High Street are currently occupied by Hays Travel (formerly Thomas Cook) and the first and second floors above vacant.

Access to the first and second floors are currently taken from an external staircase located to the rear of 195 with a front residential entrance being created following completion of the development.

Location

The properties occupy a prominent position on the High Street, within the London Borough of Sutton.

The High Street is host to a variety of commercial uses and occupiers.

The property is located approximately 0.4 miles from Sutton Station providing frequent National Rail services into London Victoria in under 35 minutes.

Development Potential

The properties benefit from two separate planning consents:

193 High Street

Planning permission was granted on 23rd November 2018 (reference DM2018/01769) for the change of use of the first and second floors from retail to 1 x 3 bedroom split level residential unit extending to approximately 1,163 sq.ft.

195 – 199 High Street

Planning permission was granted on 24th May 2019 (reference DM2018/01851) for the change of use of the first and second floors from retail to provide 3 flats (1 x 1 bed and 2 x split level 2 bed units) extending to approximately 2,174 sq.ft. as well as the creation of two new windows to the rear and a new entrance door to the front elevation.

In total, the proposed development will provide 4 x residential units (1 x 1 bed, 2 x 2 bed and 1 x 3 bed) extending to approximately 3,337 sq.ft. across the first and second floors.

Tenure

The property (comprising the first and second floor) will be sold on a new 999-year lease subject to a peppercorn ground rent.

Terms

Offers are invited in excess of £500,000 for a new 999-year lease of the first and second floors.

VAT

We understand that the property is elected for VAT.

Additional Information

Further information including approved planning documents can be found in our dataroom using the password ‘Sutton’.


Disclaimer - Kingsbury on its own behalf and on behalf of the Owner / Landlord of this property whose agent Kingsbury is, gives notice that this document does not constitute any form of contract for sale or lease. Statements should not be relied upon, and interested parties are advised to satisfy themselves as to the correctness of each statement. Kingsbury is the trading name of Kingsbury Investment & Development Consultants Ltd registered in England No: 06869268.


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  • First and second floor ancillary retail space extending to approximately 3,409 sq.ft.
  • Planning permission for the conversion of the existing space to create 4 x residential units (1 x 1 bed, 2 x 2 bed and 1 x 3 bed) extending to approximately 3,337 sq.ft.
  • Located in Sutton Town Centre 0.4 miles from the station
  • Offers are invited in excess of £500,000 for a new 999-year lease of the first and second floors

To discuss this opportunity further, please contact Jordan Oldfield or Chris Incledon on 020 7183 2529

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