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    Withdrawn Prior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
     
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On behalf of Trustees
Important Update
  • Expand
  • Photos
  • Map

* More information on the term "guide" can be found here

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
  • Status Withdrawn Prior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

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.

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

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.

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.

Property Documents

  • Catalogue Page
    Updated Date
    07.11.19
    File Size
    811 KB
    View PDF
  • Site Plan
    Updated Date
    07.11.19
    File Size
    2 MB
    View PDF
  • Common Auction conditions
    Updated Date
    10.06.21
    File Size
    168 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Seller's Solicitors
Gowling WLG Two Snowhill
Birmingham
B4 6WR
Nisha Minhas 0121 393 0648Nisha.Minhas@gowlingwlg.com

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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