£110,000 surrender premium payable to purchaser in November 2017 (see note 3 below)
Shop and two bed residential flat to revert to purchaser in November 2017
Located in a popular West London suburb
Of interest to Owner Occupiers and Developers
Nearby occupiers include Halifax, WH Smith, Edinburgh Woollen Mill and KFC
Lot 5
Auction 13th July 2017
Rent £36,559 per Annum Exclusive
Status Sold
Price £675,000
Sector High Street Retail
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
Property Information
Location
Miles
15 miles north-west of Central London, 10 miles north-east of Slough, 16 miles south-east of High Wycombe
Roads
A4180, B466, A40
Rail
Ruislip
Air
Heathrow Airport
Situation
The property is situated in the West London suburb of Ruislip, on the High Street at its junction with Ickenham Road (B466). Nearby occupiers include Halifax, WH Smith, Edinburgh Woollen Mill and KFC.
Tenure
Freehold.
Location
Miles
15 miles north-west of Central London, 10 miles north-east of Slough, 16 miles south-east of High Wycombe
Roads
A4180, B466, A40
Rail
Ruislip
Air
Heathrow Airport
Situation
The property is situated in the West London suburb of Ruislip, on the High Street at its junction with Ickenham Road (B466). Nearby occupiers include Halifax, WH Smith, Edinburgh Woollen Mill and KFC.
Tenure
Freehold.
Description
The property comprises ground floor retail with a self-contained first floor two bedroom flat accessed to the rear.
VAT
VAT is not applicable to this lot.
Viewings
There will be a block viewing for this property. Interested parties must register their details with the Auctioneers and provide identification on site. Please contact Georgina Roberts. Telephone: +44 (0)20 7034 4863.
Completion Period
Six Week Completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises ground floor retail with a self-contained first floor two bedroom flat accessed to the rear.
VAT
VAT is not applicable to this lot.
Viewings
There will be a block viewing for this property. Interested parties must register their details with the Auctioneers and provide identification on site. Please contact Georgina Roberts. Telephone: +44 (0)20 7034 4863.
Completion Period
Six Week Completion
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
Reversion
Ground First
Retail Residential
97.80 sq m 2 Bedroom Flat
(1,053 sq ft)
BALEDAY LIMITED (1) (2)
13 years 5 months from 01/07/2012 until 30/11/2025 on a full repairing and insuring lease
£36,559.66
30/11/2017 (3)
Total Commercial Area
97.80 sq m
(1,053 sq ft)
£36,559.66
(1) Baleday Limited is a wholly owned subsidiary of Praesepe Holdings Limited. Founded in 2007, Praesepe operates 144 AGC arcades, 7 FECs, 8 bingo clubs, and an online casino (Source: www.praesepeplc.com 15/06/2017). (2) The tenant is not currently in occupation of the retail unit and has sublet the residential flat. (3) The property is currently let to Baleday Limited on a lease expiring in 2025. The Seller has exchanged an Agreement for Surrender with the Tenant for the tenant to surrender the lease on 30th November 2017 and pay the landlord a premium of £110,000. The tenant is under an obligation to remove the occupier of the residential flat in order to give vacant possession to the landlord. Please refer to the legal pack for further information.
