Residential Redevelopment Potential (subject to consent)
Lot 50
Auction 19th October 2017
Rent £35,752 per Annum Exclusive
Status Sold
Price £702,000
Sector High Street Retail
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
Property Information
Location
Miles
17 miles north-west of Cental London
Roads
A40, M40, M25
Rail
Ickenham Underground, West Ruislip Railway Station, Hillingdon Railway Station
Air
Heathrow
Situation
Ickenham is a popular and attractive North West London suburb situated approximately 17 miles from the centre of London. With access to Underground and railway stations, as well as major road networks, Ickenham is a well connected London commuter town. The property is prominently located on the south side of Swakeleys Road, close to the junction with Ivy House Road. Nearby occupiers include Co-operative Food, JD Wetherspoon and Coral, as well as an eclectic mix of local traders.
Tenure
Freehold.
Location
Miles
17 miles north-west of Cental London
Roads
A40, M40, M25
Rail
Ickenham Underground, West Ruislip Railway Station, Hillingdon Railway Station
Air
Heathrow
Situation
Ickenham is a popular and attractive North West London suburb situated approximately 17 miles from the centre of London. With access to Underground and railway stations, as well as major road networks, Ickenham is a well connected London commuter town. The property is prominently located on the south side of Swakeleys Road, close to the junction with Ivy House Road. Nearby occupiers include Co-operative Food, JD Wetherspoon and Coral, as well as an eclectic mix of local traders.
Tenure
Freehold.
Description
The property includes a substantial detached mixed nuse building with retail accommodation on the ground floor and a self-contained three bedroom maisonette on the first and second floors. The maisonette benefits from a separate access from the front of the property. nThe maisonette may be suitable for conversion to multiple residential flats, subject to consents
VAT
VAT is not 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 includes a substantial detached mixed nuse building with retail accommodation on the ground floor and a self-contained three bedroom maisonette on the first and second floors. The maisonette benefits from a separate access from the front of the property. nThe maisonette may be suitable for conversion to multiple residential flats, subject to consents
VAT
VAT is not 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
Floor
Use
Floor Areas (Approx) (2)
Tenant
Term
Rent p.a.x
Review
Ground Ground (Rear)
Retail Lean-to Storage (3)
83.66 sq m 42.63 sq m
(900 sq ft) (458 sq ft)
INDIVIDUALS t/a Costsave
15 years from 24/06/2016 until 2031
£21,000
24/06/2021 24/06/2026
First Second
6 room selfcontained maisonette
78.07 sq m 54.50 sq m
(840 sq ft) (586 sq ft)
INDIVIDUAL
Assured Shorthold Tenancy (holding over)
£13,200
West Elevation
Advertising right
–
–
J C DECAUX
Rolling Agreement (1)
£1,252.88
East Elevation
Advertising right
–
–
PRIME SIGHT
Rolling Agreement
£300
Total area
258.86 sq m
(2,784 sq ft)
£35,752.88
(1) As to the advertising right on the west elevation, the tenant has served a notice to determine the agreement on 5/7/2018. (2) The floor areas stated above for the residential maisonette are Gross Internal Areas. (3) The lean-to storage is a tenant’s improvement.