Ground and Basement let to Fara Enterprises Limited (t/a Fara Charity Shop) until 2017
Two residential flats on upper floors
Located on the busy Uxbridge Road (A4020)
Approximately 130 metres from Westfield Shopping Centre
Six Week Completion
Lot 5
Auction 5th December 2013
Rent £59,350 per Annum Exclusive
Status Sold
Price £1,255,000
Sector High Street Retail
Auction Venue Millennium Hotel 44 Grosvenor Square London W1K 2HP
On behalf of Joint LPA Receivers
Property Information
Location
Miles
2.8 miles west of Marble Arch
Roads
A40, A4020, M4 (Jct 1 – 2 miles)
Rail
Shepherds Bush Overground and Underground (Central Line)
Air
Heathrow Airport, City Airport
Situation
The property is situated in a prominent position on the northern side of the busy Uxbridge Road, some 35 metres from Shepherds Bush Underground (Central Line) and Overground Stations and approximately 130 metres from Westfield Shopping Centre which houses over 300 retailers including Debenhams, Next, Marks & Spencer and House of Fraser. Other nearby occupiers include McDonald’s, KFC, Superdrug, Greggs and Costa Coffee.
Tenure
Freehold.
Location
Miles
2.8 miles west of Marble Arch
Roads
A40, A4020, M4 (Jct 1 – 2 miles)
Rail
Shepherds Bush Overground and Underground (Central Line)
Air
Heathrow Airport, City Airport
Situation
The property is situated in a prominent position on the northern side of the busy Uxbridge Road, some 35 metres from Shepherds Bush Underground (Central Line) and Overground Stations and approximately 130 metres from Westfield Shopping Centre which houses over 300 retailers including Debenhams, Next, Marks & Spencer and House of Fraser. Other nearby occupiers include McDonald’s, KFC, Superdrug, Greggs and Costa Coffee.
Tenure
Freehold.
Description
The property comprises a ground floor retail unit with ancillary basement accommodation and two residential flats on upper floors, accessed from the rear.
Note
This property is being marketed for sale on behalf of Joint Law of Property Act Receivers, Philip Matthews and Edward Starling, and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Joint Law of Property Act Receivers to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Joint Law of Property Act Receivers are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.
VAT
VAT is applicable to this lot.
Viewings
There will be block viewings for this property.
Interested parties must register their details with the Auctioneers and provide identification on site. Please contact Gwen Thomas. Telephone: +44 (0)20 7034 4857.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a ground floor retail unit with ancillary basement accommodation and two residential flats on upper floors, accessed from the rear.
Note
This property is being marketed for sale on behalf of Joint Law of Property Act Receivers, Philip Matthews and Edward Starling, and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Joint Law of Property Act Receivers to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Joint Law of Property Act Receivers are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.
VAT
VAT is applicable to this lot.
Viewings
There will be block viewings for this property.
Interested parties must register their details with the Auctioneers and provide identification on site. Please contact Gwen Thomas. Telephone: +44 (0)20 7034 4857.
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
Reversions
Ground Basement
Retail Ancillary
56.20 sq m 29.10 sq m
(605 sq ft) (313 sq ft)
FARA ENTERPRISES LIMITED t/a Fara Charity Shop (1)
12 years from 25/03/2005 on a full repairing and insuring lease
£34,150
25/03/2017
First
Residential – Two Rooms, Kitchen, WC
Not Measured
INDIVIDUAL
AST for a term of 6 months from 05/05/2009 (2)
£11,400 (3)
05/11/2009 (2)
Second
Residential – Two Rooms & WC
Not Measured
INDIVIDUALS
AST for a term of 24 months from 02/01/2013 (4)
£13,800 (3)
02/01/2015
Totals
85.30 sq m
(918 sq ft)
£59,350
(1) The FARA Foundation (the Charity) has been actively working with orphaned and abandoned children in Romania since 1991. FARA has 50 charity shops situated in Central and South West London. (Source: www.faracharityshops.org 16/09/2013) (2) Please note that the tenant is holding over. Negotiations with the tenant as to the payment of an increased monthly rent of £1,200 pcm and completion of a new tenancy agreement remain ongoing. (3) The rent has been annualised. (4) The current AST is for a term of 12 months from 02/01/2013 due to expire 02/01/2014. The tenants have signed an AST for a further 12 months from 02/01/2014 until 01/01/2015 at the same rent.
Contacts
Seller's Solicitors
Lawrence Graham LLP 4 More Riverside London SE1 2AU
