Nearby occupiers include Nando’s, Betfred, and HSBC
3 miles east of Heathrow Airport
Producing £173,120 per annum exclusive
Lot 62
Auction 18th October 2018
Rent
Status Withdrawn Post
Price
Sector High Street Retail
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
Property Information
Location
Miles
12 miles west of Central London, 3 miles north of Twickenham, 15 miles east of Slough
Roads
A4, A30, M4, M25
Rail
Hounslow Rail Station, Hounslow East, Underground Station (Piccadilly Line)
Air
London Heathrow Airport (3 miles)
Situation
The property is situated in a prominent position on the north side of busy High Street in Hounslow town centre. Nearby occupiers include Argos, Nando’s, Betfred and HSBC.
Tenure
Virtual Freehold. Held for a term of 999 years from 15th January 2016 at a fixed peppercorn rent.
Location
Miles
12 miles west of Central London, 3 miles north of Twickenham, 15 miles east of Slough
Roads
A4, A30, M4, M25
Rail
Hounslow Rail Station, Hounslow East, Underground Station (Piccadilly Line)
Air
London Heathrow Airport (3 miles)
Situation
The property is situated in a prominent position on the north side of busy High Street in Hounslow town centre. Nearby occupiers include Argos, Nando’s, Betfred and HSBC.
Tenure
Virtual Freehold. Held for a term of 999 years from 15th January 2016 at a fixed peppercorn rent.
Description
The property comprises three ground floor retail units and one leisure unit trading as a gym. The property forms part of a larger building which benefits from rear access via Prince Regent Road. There is also a public car park at the rear of the property.
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 three ground floor retail units and one leisure unit trading as a gym. The property forms part of a larger building which benefits from rear access via Prince Regent Road. There is also a public car park at the rear of the property.
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Unit
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Reviews
Unit 1
Ground
Retail
96.71 sq m
(1,041 sq ft)
INDIVIDUAL t/a Unique Stylish Italia Furniture
20 years from 20/6/2017 until 2037 (1)
£35,000
20/6/2022 and 5 yearly
Unit 2
Ground
Retail
98.57 sq m
(1,061 sq ft)
INDIVIDUAL t/a Susan’s Cuts
20 years from 03/12/2015 until 2035 (2)
£36,000
03/12/2020 and 5 yearly
Unit 3
Ground
Retail
84.91 sq m
(914 sq ft)
TUKUYPAJ LIMITED on assignment from Individuals t/a Palm Group
20 years from 02/09/2016 until 2036 (3)
£26,850
02/09/2021 and 5 yearly
Unit 4
Ground
Leisure
405.5 sq m
(4,365 sq ft)
SHOREDITCH SOLUTIONS LIMITED on assignment with an Authorise Guarantee Agreement (AGA) from Viva Fitness Solutions Limited t/a Anytime Fitness (4)
15 years from 01/12/2014 until 2029 (5)
£76,170
01/12/2019 01/12/2024
Totals
685.69 sq m
(7,381 sq ft)
£174,020
(1) As to unit 1, the lease provides for a tenant option to determine the lease on 20/06/2020 subject to 6 months’ written notice. There is a six month rent deposit in place. (2) As to Unit 2, the lease provides for a tenant option to determine the lease on 03/12/2020 subject to 6 months’ written notice. There is a three month rent deposit in place. (3) As to Unit 3, there is a three month rent deposit in place. (4) Anytime Fitness currently operates in 24 countries globally and has 113 clubs currently in the United Kingdom, as well as 3,342 clubs across the globe (Source:www.anytimefitness.co.uk 09/01/2016). (5) As to Unit 4, the lease provides for a tenant option to determine the lease on 01/12/2024 subject to 6 months’ written notice. There is 6 months rent deposit in place.