116 - 118 High Street Ruislip London HA4 8LS

116 - 118 High Street
Ruislip
London
HA4 8LS

Freehold Retail Investment with Residential Potential

Let to Specsavers Optical Superstores Limited until 2026 (no breaks)
Located in a popular West London suburb
Important 2021 rent review to minimum of £45,000 p.a.x.
Future development potential
Nearby occupiers include Tesco Express, Card Factory, Marks & Spencer Simply Food and
Superdrug

Lot
5
Auction
24th May 2018
Rent
£25,000 per Annum Exclusive
Status
Withdrawn Prior
Price
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG
On behalf of Trustees

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Freehold Retail Investment with Residential Potential

Let to Specsavers Optical Superstores Limited until 2026 (no breaks)
Located in a popular West London suburb
Important 2021 rent review to minimum of £45,000 p.a.x.
Future development potential
Nearby occupiers include Tesco Express, Card Factory, Marks & Spencer Simply Food and
Superdrug

Lot 5
Auction 24th May 2018
Rent £25,000 per Annum Exclusive
Status Withdrawn Prior
Price
Sector
High Street Retail
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG
On behalf of Trustees

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 Underground Station; (Metropolitan & Piccadilly Lines)
Air: Heathrow Airport

Situation

Ruislip is a popular West London suburb some 15 miles north-west of Central London. The property occupies a prominent position on Ruislip’s busy High Street with nearby occupiers including Tesco Express, Card Factory, Marks & Spencer Simply Food and Superdrug.

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 Underground Station; (Metropolitan & Piccadilly Lines)
Air: Heathrow Airport

Situation

Tenure

Freehold.

Description

The property comprises a double fronted ground floor retail unit with first floor ancillary accommodation at the rear. In addition, to the front of the first floor are two residential flats which are currently unused and inaccessible.

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

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Review
Ground First (rear)	Retail Ancillary	211.35 sq m 22.76 sq m	(2,275 sq ft) (245 sq ft)	SPECSAVERS OPTICAL SUPERSTORES LIMITED (1) on a full repairing and insuring lease	10 years from 09/03/2016 until 08/03/2026	£25,000	09/03/2021
First (front)	Residential	2 x One Bedroom Flat		VACANT POSSESSION (2)
Total Commercial Area:		234.11 sq m	(2,520 sq ft)			£25,000

(1) For the year ending 28th February 2017, Specsavers Optical Superstores Limited reported a turnover of £716,509,000, pre-tax profits of £32,772,000 and a total net worth of £54,000,000 (Source: Experian Group 26/04/2018). Specsavers is a partnership of nearly 2,000 locally-run businesses, committed to delivering high quality, affordable optical and hearing care in the communities they serve with a network of over 700 stores throughout the UK (Source: www.specsavers.co.uk).
(2) There is currently no access to residential flats.