Units 1 - 4 44 - 52 High Street Hounslow Greater London TW3 1NW

Units 1 - 4
44 - 52 High Street
Hounslow
Greater London
TW3 1NW

Freehold Retail and Leisure Investment

Includes Three Retail Units and a Gym
Popular West London Suburb
Prominent Town Centre location
Nearby occupiers include Nando’s, Betfred, and HSBC
3 Miles east of Heathrow Airport
Producing £173,120 per annum exclusive (subject to note 1)
For the Seller's Legal Pack, please click the Property Documents tab below

Lot
33
Auction
16th February 2017
Rent
£173,120 per Annum Exclusive
Status
Withdrawn Prior
Price
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

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Freehold Retail and Leisure Investment

Includes Three Retail Units and a Gym
Popular West London Suburb
Prominent Town Centre location
Nearby occupiers include Nando’s, Betfred, and HSBC
3 Miles east of Heathrow Airport
Producing £173,120 per annum exclusive (subject to note 1)
For the Seller's Legal Pack, please click the Property Documents tab below

Lot 33
Auction 16th February 2017
Rent £173,120 per Annum Exclusive
Status Withdrawn Prior
Price
Sector
High Street Retail
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

Property Information

Location

Miles: 12 miles west of Central London, 3 miles north of Twickenham, 15 miles east of Slough
Roads: A4, A30, M4, M25
Rail: Hounslow Rail Station, Hounslow East Underground Station (Piccadilly Line)
Air: London Heathrow Airport (3 miles)

Situation

The property is situated in a prominent position on the north side of busy High Street in Hounslow town centre. Nearby occupiers include Argos, Nando’s, Betfred and HSBC.

Tenure

Virtual Freehold. Held for a term of 999 years from 15/01/2016 at a fixed peppercorn rent.

Location

Miles: 12 miles west of Central London, 3 miles north of Twickenham, 15 miles east of Slough
Roads: A4, A30, M4, M25
Rail: Hounslow Rail Station, Hounslow East Underground Station (Piccadilly Line)
Air: London Heathrow Airport (3 miles)

Situation

The property is situated in a prominent position on the north side of busy High Street in Hounslow town centre. Nearby occupiers include Argos, Nando’s, Betfred and HSBC.

Tenure

Virtual Freehold. Held for a term of 999 years from 15/01/2016 at a fixed peppercorn rent.

Description

The property comprises three ground floor retail units and one leisure unit trading as a gym. The property forms part of a larger building which benefits from rear access via Prince Regent Road. There is also a public car park at the rear of the property.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

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
Unit 1	Ground	Retail	96.71 sq m	(1,041 sq ft)	VACANT POSSESSION (SUBJECT TO A RENTAL GUARANTEE) (1)	Draft heads of terms agreed for a term of 20 years (1)	£35,000 (1)
Unit 2	Ground	Retail	98.57 sq m	(1,061 sq ft)	INDIVIDUAL (GUARANTEED BY ARIANA EXPRESS LIMITED)	20 years from 03/12/2015 until 2036 (2)	£36,000	03/12/2020 and 5 yearly
Unit 3	Ground	Retail	84.91 sq m	(914 sq ft)	INDIVIDUALS (T/A Evanti)	20 years from 02/09/2016 until 2036	£26,850	02/09/2021 and 5 yearly
Unit 4	Ground	Leisure	405.5 sq m	(4,365 sq ft)	VIVA FITNESS SOLUTIONS LIMITED (t/a Anytime Fitness) (3)	15 years from 01/12/2014 until 2029 (4)	£75,270	01/12/2019 01/12/2024
Totals			685.69 sq m	(7,381 sq ft)			£173,120

(1) The seller will pay the buyer a sum equivalent to a rent of £35,000 per annum exclusive from the completion of the sale until 24/03/2018. Draft heads of terms have been agreed for a lease to an individual for a term of 20 years at a rent reserved of £35,000 per annum exclusive, subject to a tenant option to determine the lease on the 5th anniversary of the term.
(2) As to Unit 2, the lease provides for a tenant option to determine the lease on 03/12/2020 subject to 6 months’ written notice.
(3) Anytime Fitness currently operates in 24 countries globally and has 113 clubs currently in the United Kingdom, as well as 3,342 clubs across the globe (Source:www.anytimefitness.co.uk 09/01/2016) .
(4) As to Unit 4, the lease provides for a tenant option to determine the lease on 01/12/2024 subject to 6 months’ written notice.