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Status Withdrawn Prior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
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.
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)
(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.
