Auction Venue Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
Property Information
Location
Miles
11 miles north-west of Central London, 8 miles south-east of Watford, 9 miles north-east of Uxbridge
Roads
A40 (Western Avenue), M11, M25, M40
Rail
Harrow-on-the-Hill Mainline Railway Station and Underground (Metropolitan Line)
Air
London Heathrow Airport, Luton Airport
Situation
Harrow is an affluent North-West London suburb and is well known for the prestigious Harrow School. The property is situated in the heart of the town centre on the west side of the busy part pedestrianised Station Road within the established leisure pitch. Nearby occupiers include McDonald’s, Pizza Hut, Barclays, Royal Bank of Scotland, Iceland and Coral.
Tenure
Virtual Freehold. Held for a term of 999 years from 25th March 1998 at a peppercorn rent.
Location
Miles
11 miles north-west of Central London, 8 miles south-east of Watford, 9 miles north-east of Uxbridge
Roads
A40 (Western Avenue), M11, M25, M40
Rail
Harrow-on-the-Hill Mainline Railway Station and Underground (Metropolitan Line)
Air
London Heathrow Airport, Luton Airport
Situation
Harrow is an affluent North-West London suburb and is well known for the prestigious Harrow School. The property is situated in the heart of the town centre on the west side of the busy part pedestrianised Station Road within the established leisure pitch. Nearby occupiers include McDonald’s, Pizza Hut, Barclays, Royal Bank of Scotland, Iceland and Coral.
Tenure
Virtual Freehold. Held for a term of 999 years from 25th March 1998 at a peppercorn rent.
Description
The property comprises public house accommodation on the ground floor with ancillary accommodation in the basement and forms part of a larger building.
Six Week Completion
Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises public house accommodation on the ground floor with ancillary accommodation in the basement and forms part of a larger building.
Six Week Completion
Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Reviews
Basement Ground
Ancillary Public House
33.50 sq m 190.50 sq m
(361 sq ft) (2,051 sq ft)
J D WETHERSPOON PLC (1)
40 years from 15/02/1991 until 2031 on a full repairing and insuring lease
£82,500
15/02/2016 and 5 yearly
Totals
224.00 sq m
(2,412 sq ft)
£82,500
(1) For the year ending 27th July 2014, J D Weatherspoon plc reported a turnover of £1,409,333,000, pre-tax profits of £78,365,000 and a total net worth of £200,330,000. (Source: www.riskdisk.com 30/03/2015) (2)The tenant occupies the property by virtue of a 25 year lease from 15th February 1991 until 14th February 2016 and a reversionary lease from 15th February 2016 until 14th February 2031. The reversionary lease is subject to a tenant option to determine the lease on 15th February 2026.
