Substantial Freehold Office Building with Potential
Situated in an established office area approximately 125 metres from West Drayton Railway Station
Approximately 1,701.24 sq m (18,313 sq ft)
Suitable for hotel and/or residential conversion (subject to consents)
Large on-site car park for approximately 51 cars
Nearby occupiers include Barclays Bank, Global Force Recruitment, Drayton Press and Campsie Estate Agents
Six Week Completion Period Available
Lot 26
Auction 7th July 2011
Rent £50,000 per Annum Exclusive
Status Sold
Price £1,030,000
Sector Office
Auction Venue Millennium Hotel 39-44 Grosvenor Square London W1K 2HP
On Instructions from Sarah Rayment & Shay Bannon of BDO LLP as Joint LPA Receivers
Property Information
Location
Miles
17 miles west of London City Centre, 18 miles south-east of High Wycombe, 24 miles south of Watford
Roads
A408, M25 (Junction 15), M4 (Junction 4)
Rail
West Drayton Rail Station
Air
London Heathrow Airport
Situation
The property is situated in a prominent position on the eastern side of High Street some 125 metres from West Drayton Railway Station. Other nearby occupiers include Barclays Bank, Global Force Recruitment, Drayton Press and Campsie Estate Agents.
Tenure
Freehold.
Location
Miles
17 miles west of London City Centre, 18 miles south-east of High Wycombe, 24 miles south of Watford
Roads
A408, M25 (Junction 15), M4 (Junction 4)
Rail
West Drayton Rail Station
Air
London Heathrow Airport
Situation
The property is situated in a prominent position on the eastern side of High Street some 125 metres from West Drayton Railway Station. Other nearby occupiers include Barclays Bank, Global Force Recruitment, Drayton Press and Campsie Estate Agents.
Tenure
Freehold.
Description
The property comprises office accommodation on ground, first, second and part third floors. Additionally part of the third floor has historically been used as a residential flat accessed from within the office accommodation and comprises one bedroom, reception room, bathroom and kitchen. The property benefits from approximately 51 car parking spaces to the rear, central heating, air conditioning in part, underfloor trunking, suspended ceilings and two lifts.
Note: This property is being marketed on behalf of Joint Law of Property Act Receivers and therefore no warranties or guarantees in any respect can be given. The LPA Receivers are not bound to accept the highest or any offer and are acting without personal liability.
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises office accommodation on ground, first, second and part third floors. Additionally part of the third floor has historically been used as a residential flat accessed from within the office accommodation and comprises one bedroom, reception room, bathroom and kitchen. The property benefits from approximately 51 car parking spaces to the rear, central heating, air conditioning in part, underfloor trunking, suspended ceilings and two lifts.
Note: This property is being marketed on behalf of Joint Law of Property Act Receivers and therefore no warranties or guarantees in any respect can be given. The LPA Receivers are not bound to accept the highest or any offer and are acting without personal liability.
VAT
VAT is applicable to this lot.
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
Reviews (Reversion)
Ground First
Office Office
174.29 sq m 547.90 sq m
(1,876 sq ft) (5,898 sq ft)
VACANT POSSESSION VACANT POSSESSION
Second Third
Office Office
547.90 sq m 339.18 sq m
(5,898 sq ft) (3,651 sq ft)
SHORTERM LTD (1) VACANT POSSESSION
5 years from and including 25/03/2011 (2)
£50,000
(24/03/2016)
Third
Residential
91.97 sq m
(990 sq ft)
VACANT POSSESSION
Totals
1,701.24 sq m
(18,313 sq ft)
£50,000
(1) For the year ending 31st June 2011, Shorterm Limited reported a turnover of £49,319,000, pre-tax profits of £321,000 and a total net worth of £3,791,000. (Source: www.riskdisk.com 06/06/2011) (2) The lease can be determined on or at any time by either landlord or tenant upon not more than 12 months nor less than 6 months' notice.
