Prominent corner location some 60 metres from Marks & Spencer, The Broadway and Ealing Broadway Shopping Centre
Situated immediately east of 'Dickens Yard', the major St George's regeneration project
300 metres from Ealing Broadway Underground & Railway Station (Central & District lines)
Lot 1
Auction 21st October 2010
Rent £45,030 per Annum Exclusive
Status Withdrawn Post
Price
Sector High Street Retail
Auction Venue Millennium Hotel 39-44 Grosvenor Square Mayfair London W1K 2HP
Property Information
Location
Miles
300 metres from Ealing Broadway Station, 11 miles west of Central London
Roads
A4020, M4\r\nRail: Ealing Broadway (10 minutes to London Paddington)
Air
Heathrow Airport (6 miles)
Situation
The property is situated in a prominent corner location on the west side of Spring Bridge Road opposite the Arcadia Shopping Centre and some 60 metres from its junction with The Broadway, New Broadway and the High Street. Other nearby occupiers include Marks & Spencer, HMV, TK Maxx and Mothercare. St George's are currently developing 'Dickens Yard', a major regeneration project that will provide 698 new apartments, traffic free thoroughfares, boutique shops and cafes. For further information, please visit www.stgeorgeplc.com
Tenure
Freehold.
Location
Miles
300 metres from Ealing Broadway Station, 11 miles west of Central London
Roads
A4020, M4\r\nRail: Ealing Broadway (10 minutes to London Paddington)
Air
Heathrow Airport (6 miles)
Situation
The property is situated in a prominent corner location on the west side of Spring Bridge Road opposite the Arcadia Shopping Centre and some 60 metres from its junction with The Broadway, New Broadway and the High Street. Other nearby occupiers include Marks & Spencer, HMV, TK Maxx and Mothercare. St George's are currently developing 'Dickens Yard', a major regeneration project that will provide 698 new apartments, traffic free thoroughfares, boutique shops and cafes. For further information, please visit www.stgeorgeplc.com
Tenure
Freehold.
Description
The property comprises TWO RETAIL UNITS on ground and basement floors with a RESIDENTIAL FLAT on the first floor comprising five rooms, kitchen, bathroom and separate WC.
VAT
VAT is not applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises TWO RETAIL UNITS on ground and basement floors with a RESIDENTIAL FLAT on the first floor comprising five rooms, kitchen, bathroom and separate WC.
VAT
VAT is not applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Unit
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Reviews/Reversion
No. 2
Total
Basement Ground
Retail Retail
60.11 sq m 65.42 sq m
125.53 sq m
(647 sq ft) (704 sq ft)
(1,351 sq ft)
BATHROOMS & TILES DIRECT LTD (1) (t/a Top Bath)
15 years from 28/08/2008
£30,000
28/08/2011 and 3 yearly thereafter
No. 4
Total
Basement Ground
Workshop Retail
22.29 sq m 24.17 sq m 46.46 sq m
(240 sq ft) (260 sq ft)
(500 sq ft)
INDIVIDUAL (t/a BARBARA TOBIAS) (2)
3 years from 13/08/2009
£15,000
(12/08/2012)
First
Residential
Not measured – 5 Rooms, Kitchen, Bathroom and Separate WC
INDIVIDUALS
99 years from 25/03/1986
£30 (3)
25/03/2016 and 25/03/2046
Totals
171.99 sq m
(1,851 sq ft)
£45,030
(1) For the year ending 28th February 2010, Bathrooms & Tiles Direct Ltd reported a turnover of £168,000, pre-tax profits of £10,000 and a total net worth of £1,000. (Source: www.riskdisk.com 12/08/2010)(2) Barbara Tobias offers high quality, affordable design, tailoring and styling for men, women and children. (Source: www.barbaratobias.com 20/08/2010)(3) Please note that the current rent of £30 p.a.x. will increase to £60 p.a.x. from 25th March 2016 and will increase to £90 p.a.x. from 25rd March 2046 until the end of the lease.
Contacts
Seller's Solicitors
YVA Solicitors YVA House, 811 High Road North Finchley London N12 8JT 0208 445 9199
